#Beem stock forecast 2030 drivers#

It is safe to assume that if Exro manages to penetrate the electric mobility market, it will become an acquisition target. Rockwell Automation has acquired 51 companies since 1985. Nidec has acquired 25 companies, including 14 in the last five years. Toshiba has acquired 6 companies, while ABB has completed 16 acquisitions since 2015. Siemens has acquired 56 companies in its history, averaging about three per year. This phenomenon occurs across almost every industry. They acquire smaller companies that have developed new products because it is more effective to buy a company than to spend on R & D to play catch up. There are many other competitors but let's look at how these companies have become so large. Exro competes with electric motor-related companies such as Siemens, Toshiba, ABB, Nidec, and Rockwell Automation, the world's largest electric motor manufacturers. How can Exro compete against industry giants like Tesla is another common question? Exro does not compete with Tesla. And we know that the Exro technology works because independent research conducted by Elen-Mechanical Consulting validated it. There are 18 patents currently pending, including expansion into applying the technology to improving electric battery performance. We can see that Exro's claim is accurate by the 17 patents it has been granted.

#Beem stock forecast 2030 drivers#

While Exro didn't invent coil switching technology, the company claims to be the first to apply coil switching technology to create coil drivers which allow for seamless real-time switching between high torque/low speed and high speed/low torque configurations to maximize efficiency. The bearish case scenario is that Exro is a tiny company applying an old and well-known technology, and there's no proof that their technology works. What's a reasonable valuation for Exro?.Does Exro have a business plan designed to capture market share?.How does a tiny company compete against companies with much greater resources?.Does Exro offer a new technological advancement?.This article is in response to the following questions raised by my readers: I took the opportunity to take a fresh look at the stock. A subsequent Seeking Alpha article on EXRO by an anonymous contributor presented a bearish case resulting in a share price shave of 45%. I presented a bullish case on Exro Technology ( OTCQB:EXROF) (TSX: EXRO) that Seeking Alpha published in December. Photo by PM Images/DigitalVision via Getty Images