In a report released yesterday, Gianluca Tucci from Haywood reiterated a Buy rating on Tantalus Systems Holding (GRID – Research Report), with a price target of C$3.75.
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Gianluca Tucci’s rating is based on Tantalus Systems Holding’s recent announcement of a significant customer grid modernization expansion project. This project is the largest encoder receiver transmitter (ERT) overlay to grid modernization migration in the company’s history, indicating a successful execution of its ERT migration strategy. The expansion is expected to generate approximately $8 million in new revenue and $300,000 in new annual recurring revenue, suggesting substantial financial growth potential.
Furthermore, Tucci highlights the company’s strategic positioning to benefit from macroeconomic trends, particularly in light of recent high-profile grid failures. The anticipated adoption of the TRUSense Gateway, a next-generation device designed to enhance utility communications and power quality monitoring, is also a key factor in his positive outlook. These elements combined suggest that Tantalus Systems Holding is well-positioned for future growth, justifying the Buy rating.
GRID’s price has also changed dramatically for the past six months – from C$1.780 to C$2.610, which is a 46.63% increase.