Analyst Gianluca Tucci of Haywood reiterated a Buy rating on Tantalus Systems Holding, boosting the price target to C$6.50.
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Gianluca Tucci has given his Buy rating due to a combination of factors that highlight Tantalus Systems Holding’s strong position in the grid-modernization sector. The company is experiencing significant growth, as evidenced by its impressive second-quarter performance, where revenue increased by 22% year-over-year, reaching $13 million. Additionally, the gross margin improved to 53%, and the company achieved positive adjusted EBITDA, indicating enhanced profitability and operational efficiency.
Furthermore, Tantalus Systems Holding is benefiting from a robust order momentum, with record order conversions of $24.6 million and an expanding deployment of its TRUSense Gateway. This reflects the increasing demand for its grid-modernization platform. The company’s strong liquidity position, nearly $20 million, and the growing adoption of its TRUGrid analytics and TRUSense solutions by utilities support its potential for sustained double-digit growth and consistent profitability. These factors, along with favorable industry conditions, have led to an increased target price of C$6.50, up from C$4.50, and a revised revenue growth projection of 20% from 2029 to 2031.
According to TipRanks, Tucci is a 4-star analyst with an average return of 12.1% and a 59.59% success rate.