Analyst Gianluca Tucci from Haywood reiterated a Buy rating on Tantalus Systems Holding (GRID – Research Report) and increased the price target to C$4.20 from C$3.75.
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Gianluca Tucci’s rating is based on the pressing need for grid modernization, highlighted by recent global power outages that underscore the vulnerabilities of aging infrastructure. The increasing demand for a more resilient and intelligent energy system presents a significant opportunity for companies like Tantalus Systems Holding, which are at the forefront of developing innovative solutions to these challenges.
Furthermore, the projected growth of the global grid modernization market, expected to nearly double from $39.21 billion in 2025 to over $70 billion by 2029, supports the potential for substantial returns. Tantalus Systems Holding is well-positioned to capitalize on this trend, making it a compelling investment option. Tucci’s Buy rating reflects confidence in the company’s ability to address the critical needs of the energy sector and deliver value to investors.
According to TipRanks, Tucci is a 4-star analyst with an average return of 11.3% and a 59.85% success rate.