Stage
Other Investors | AliveAbout ExRo
ExRo has developed a fundamentally different generator design that is expected to have more linear operating characteristics, thereby increasing the aggregate energy output from renewables. Conventional electrical generators must be designed to the maximum expected input energy and output load, leading to inefficiencies when energy input or loads are lower or higher. Most renewable energy sources (wind, tidal, small hydro) tend to be highly variable. The key patents of the company were recently approved.
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Expert Collections containing ExRo
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
ExRo is included in 1 Expert Collection, including Renewable Energy.
Renewable Energy
4,805 items
ExRo Patents
ExRo has filed 10 patents.
Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
6/3/2014 | 11/7/2017 | Electric power conversion, Electrical engineering, Electrical generators, Analog circuits, Electronic circuits | Grant |
Application Date | 6/3/2014 |
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Grant Date | 11/7/2017 |
Title | |
Related Topics | Electric power conversion, Electrical engineering, Electrical generators, Analog circuits, Electronic circuits |
Status | Grant |
Latest ExRo News
Apr 8, 2024
Exro acquisition gets thumbs up at National Bank On April 5, EXRO announced it had completed the previously announced merger with SEA Electric. As reported by the Globe and Mail, the analyst said he likes the deal. “SEA is a proven EV powertrain technology company focused on commercial vehicles,” Merer said. “The company has deals with Mack (5 years, up to 3,500 units/yr) and Hino (3 years, up to 5,000 units/yr) which could reach $200-million in revenue in ‘24 and more than $300-million in ‘25. SEA’s patented SEA-Drive technology is 25-35 per cent more efficient than competitors according to independent studies. Exro’s coil driver, when added to the systems, could add more than 5-per-cent incremental efficiency in addition to improved performance, charging and lower costs. The acquisition accelerates EXRO’s path to profitability and positions it as an asset light, end to-end solution for electrifying commercial vehicles. With execution on its coil driver contracts and SEA’s backlog, EXRO could reach breakeven EBITDA and FCF in ‘25.” In a research update to clients April 8, Merer raised his rating on EXRO from “Restricted” to “Outperform”, but cut his price target on the stock from $2.00 to $1.60. The analyst explained the reasoning behind his new price target. ““Looking at Exro’s peers in energy technology, inverter manufacturers and EV OEM, the EV/sales multiple for the sectors average 1.4-2.3 times (FY2), but typically the stock-specific multiple is well correlated to revenue growth,” he wrote. “Exro has higher revenue growth forecasted than for the peer group, and we believe that warrants a multiple closer to the upper range of peers. With strong partnerships, a proven platform and opportunities for further developments, we like the transaction. Our target moves to $1.60/sh (was $2/sh), which is based on an EV/sales multiple of 2 times (was 2.7 times) on 2025E, in line with the peer group. Our target is also supported by a DCF with a 13.7-per-cent discount rate, though with a lack of visibility past 2025E, we are more confident in a near-term multiple approach to valuing the company. With the shares trading at $0.81/sh, we see good upside potential for the stock, and we are moving to Outperform. The company has some execution risk, and some investors may wait to see evidence of the inflection point in both EXRO and Sea to get more excited, especially considering the challenging industry backdrop in the electric vehicle space.” ✖ We Hate Paywalls Too! At Cantech Letter we prize independent journalism like you do. And we don't care for paywalls and popups and all that noise That's why we need your support. If you value getting your daily information from the experts, won't you help us? No donation is too small.
ExRo Frequently Asked Questions (FAQ)
What is ExRo's latest funding round?
ExRo's latest funding round is Other Investors.
Who are the investors of ExRo?
Investors of ExRo include Chrysalix Venture Capital.
Who are ExRo's competitors?
Competitors of ExRo include Terra-Gen, Fulcrum BioEnergy, Proton OnSite, Peregrine Power, Microbial Fuel Cell Technologies and 7 more.
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Compare ExRo to Competitors
Orbital Marine Power is an innovative engineering company that focuses on the development of tidal energy technology. The company's main offering is a technologically advanced tidal turbine that harnesses tidal and river currents to generate clean, predictable power. This renewable energy solution is primarily targeted at the clean energy sector. Orbital Marine Power was formerly known as Scotrenewables Tidal Power. It was founded in 2002 and is based in Edinburgh, Scotland.
Vortex Hydro Energy is a company focused on the renewable energy sector, specifically hydrokinetic power generation. The company's main product is the VIVACE converter, a device that harnesses the energy of slow-moving river and ocean currents to generate electricity. This technology does not rely on propellers like traditional water turbines, but instead uses the physical phenomenon of vortex induced vibration, where water current flows around cylinders, inducing motion that is then converted into electricity. It is based in Ypsilati, Michigan.
Windsave Ltd., established in 2002, is a dynamic Scottish company within the Renewable Energy sector. The company are focused on developing micro generation solutions for domestic and commercial properties. The Windsave System is a small wind turbine generator system, which uses low wind speeds to create electricity. nnThe Windsave System uses the company's technology, which generates electricity supplementary to the national grid supply, reducing reliance on traditional energy sources; benefiting the environment, and helping to lower domestic electricity bills and CO2 emissions. nnMany people have the desire to protect the environment; the company's challenge from the beginning has been to turn that desire into action. The company's aim is to enable householders, commercial enterprises and local authorities to move from being mere consumers of energy to becoming important contributors to overall energy requirements. nnThe company's technology has been fully and independently tested by the National Engineering Laboratory and is fully accredited by the DTI under the Low Carbon Building Programme (formerly known as The Clear Skies Programme). It is BS and CE approved.
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Rentricity is a company focused on regenerative in-conduit hydropower within the clean energy sector. The company offers systems that convert excess water pressure in pipelines into clean electric power, serving as an alternative to traditional pressure reduction valves. Rentricity primarily sells to water operators, including those in the drinking water, agricultural, industrial, and wastewater sectors. It is based in New York, New York.
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