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Tantalus Systems Holding ( (TSE:GRID) ) has provided an update.
Riverside Public Utilities (RPU) has partnered with Tantalus Systems to advance its grid modernization efforts, marking the largest migration in Tantalus’ history from an ERT overlay to an advanced metering infrastructure (AMI). This strategic move allows RPU to enhance the reliability and resiliency of its distribution grid while extending the life of its existing infrastructure. The collaboration exemplifies how utilities can transition from legacy systems to advanced solutions at their own pace, aligning upgrades with their priorities and timelines, and serves as a model for other utilities planning grid modernization initiatives.
The most recent analyst rating on (TSE:GRID) stock is a Buy with a C$3.25 price target. To see the full list of analyst forecasts on Tantalus Systems Holding stock, see the TSE:GRID Stock Forecast page.
Spark’s Take on TSE:GRID Stock
According to Spark, TipRanks’ AI Analyst, TSE:GRID is a Neutral.
Tantalus Systems Holding has a moderate overall score driven by strong technical indicators and positive corporate events. Financial performance is mixed with strong cash flow but poor profitability. Valuation is a concern due to negative profitability.
To see Spark’s full report on TSE:GRID stock, click here.
More about Tantalus Systems Holding
Tantalus Systems is a technology company focused on assisting utilities in modernizing their distribution grids by utilizing data across devices and systems. The company provides a grid modernization platform that includes intelligent connected devices, communications networks, data management, enterprise applications, and analytics, offering utilities the flexibility to maximize existing infrastructure investments while planning for future needs.
Average Trading Volume: 67,938
Technical Sentiment Signal: Buy
Current Market Cap: C$122M
Find detailed analytics on GRID stock on TipRanks’ Stock Analysis page.
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