Haywood analyst Gianluca Tucci has reiterated their bullish stance on GRID stock, giving a Buy rating on July 7.
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Gianluca Tucci has given his Buy rating due to a combination of factors including a significant contract expansion with EPB in Chattanooga for Tantalus Systems Holding’s TRUSense Gateway. This agreement involves an initial order of 20,000 units over five years, with the potential for additional purchases, which could substantially increase Tantalus’s revenue.
The contract is seen as a pivotal moment for Tantalus, marking a major deployment that validates the TRUSense Gateway’s capabilities. Furthermore, EPB’s role as a member of Tantalus’ Advisory Committee and their commitment to this commercial-scale order is expected to positively influence other utilities considering the TRUSense Gateway, reinforcing Tantalus’s strong position in the grid modernization sector.
According to TipRanks, Tucci is a 5-star analyst with an average return of 13.7% and a 64.03% success rate.
In another report released on July 7, Raymond James also maintained a Buy rating on the stock with a C$3.25 price target.