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Tantalus Expands Partnership with EPB for Grid Modernization

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Tantalus Expands Partnership with EPB for Grid Modernization

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Tantalus Systems Holding ( (TSE:GRID) ) has shared an announcement.

Tantalus Systems has announced an expansion of its partnership with EPB in Chattanooga, Tennessee, to deploy 20,000 TRUSense Ethernet Gateways over the next five years. This deployment will enhance EPB’s automated distribution grid and broadband services, integrating with their existing fiber-to-the-home network to provide advanced power quality insights and support for broadband services. The project highlights the scalability and effectiveness of Tantalus’ TRUSense Gateway in addressing the evolving needs of utilities, demonstrating Tantalus’ commitment to customer-driven product development and grid modernization.

The most recent analyst rating on (TSE:GRID) stock is a Buy with a C$3.75 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’s overall stock score of 60 reflects a balance of moderate financial performance and strong corporate events. While technical indicators show bullish momentum, valuation concerns due to a negative P/E ratio and lack of dividends weigh on the score. The positive impact of strategic initiatives and strong shareholder confidence partially offsets these concerns.

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 helping utilities modernize their distribution grids by leveraging data across devices and systems. They offer a grid modernization platform that includes intelligent connected devices, communication networks, data management, enterprise applications, and analytics, providing utilities with flexibility to maximize existing infrastructure and plan for future needs.

Average Trading Volume: 85,606

Technical Sentiment Signal: Buy

Current Market Cap: C$153.4M

For a thorough assessment of GRID stock, go to TipRanks’ Stock Analysis page.

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