The Globe and Mail reports in its Friday, Sept. 20, edition that Canaccord Genuity analyst Yuri Lynk has reaffirmed his "hold" recommendation for Exro Technologies. The Globe's David Leeder writes in the Eye On Equities column that Mr. Lynk knocked his share target back by a dime to 30 cents. Analysts on average target the shares at 77 cents. Mr. Lynk tweaked his share target down following the company's $25-million equity raise. Mr. Lynk says in a note: "Exro has firm orders in hand from Mack and Hino for 8,500 propulsion systems over the next several years that should drive positive EBITDA in 2025. However, the company's liquidity position remains weak, even after the raise, putting into question Exro's ability to finance the working capital required to execute on its pipeline. We wish to remain on the sidelines." The Globe reported on June 20, 2023, that Mr. Lynk rated Exro Technologies "buy" in new coverage. The shares could then be had for $2.15. The Globe reported on Aug. 16, 2024, that National Bank Financial analyst Rupert Merer had lowered his recommendation for Exro Technologies to "sector perform" from "outperform." The shares could then be had for 29 cents.