Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Tantalus Systems Holding ( (TSE:GRID) ) is now available.
Tantalus Systems has been selected by Texas-based electric cooperative PenTex Energy to supply its TRUConnect Advanced Metering Infrastructure, TRUSense Gateways and TRUGrid Reliability Analytics, all delivered via the Tantalus Grid Modernization Platform, as PenTex replaces its legacy metering system. The deployment is intended to give PenTex granular, real-time visibility into its network, integrate with its existing SCADA operations and enable more proactive grid management amid rapid load growth and reliability challenges in Texas, where ERCOT is projecting a 72% increase in peak demand by 2030. By pairing TRUSense cellular gateways with reliability analytics, PenTex aims to remotely monitor and control devices, diagnose outages faster, streamline manual processes and bolster resilience against rising load and extreme weather, while Tantalus positions its data-centric platform as a flexible, interoperable solution that can be layered onto utilities’ existing systems to enhance operational performance and member service.
The most recent analyst rating on (TSE:GRID) stock is a Buy with a C$6.75 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 is driven by strong earnings call performance and positive technical indicators, which are offset by weak financial performance and valuation concerns. The company’s revenue growth and improved profitability are promising, but high leverage and a negative P/E ratio pose significant risks.
To see Spark’s full report on TSE:GRID stock, click here.
More about Tantalus Systems Holding
Tantalus Systems is a grid-modernization technology company that helps electric utilities upgrade their distribution networks by harnessing data from intelligent connected devices, communications networks, data management systems, enterprise applications and analytics. Its data-centric platform is designed to extend the value of existing infrastructure while adding advanced capabilities for future requirements, delivering “Unified Intelligence” so utilities can improve reliability, efficiency and planning across their grids.
Average Trading Volume: 122,232
Technical Sentiment Signal: Buy
Current Market Cap: C$264.2M
For an in-depth examination of GRID stock, go to TipRanks’ Overview page.