Analyst Gianluca Tucci from Haywood reiterated a Buy rating on Tantalus Systems Holding and increased the price target to C$8.50 from C$8.25.
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Gianluca Tucci has given his Buy rating due to a combination of factors, including Tantalus’s strong first‑quarter performance and clear strategic progress. The company delivered double‑digit year‑over‑year revenue growth while successfully shifting from a primarily hardware-focused business toward higher‑value grid modernization and data analytics solutions, supporting a more attractive recurring revenue profile and improved long‑term economics.
Tucci also highlights the rapid commercialization of the TRUSense Gateway, with dozens of utilities already moving from pilot projects into full deployments, which points to expanding adoption and future growth visibility. He notes that a solid book‑to‑bill ratio, ample liquidity, and exposure to secular tailwinds such as grid modernization and federal infrastructure programs underpin his constructive view, and he reflects this by raising his price target from $8.25 to $8.50 while reiterating a Buy recommendation.
GRID’s price has also changed dramatically for the past six months – from C$3.930 to C$6.150, which is a 56.49% increase.