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Legend Power Systems Inc. (LPS $0.20)
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Gatekeeper Systems Inc. (GSI $1.87)
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Blackline Safety Corp. (BLN $7.13)
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Tantalus Systems Holding Inc. (GRID $3.25)
Q: What's the main thesis surrounding GRID and what drives it's growth? I know it's related to the electrical grid so it must be around the increased investment needed to improve reliability of the grid and to increase grid capacity for increased electrification but maybe I'm missing something.
Who would be its main competition and what is considered a good entry price?
Who would be its main competition and what is considered a good entry price?
5i Research Answer:
GRID is a smart grid tech company, offering a data-centric path to modernizing aging electricity distribution networks. It operates through a few segments; connected devices (two-way IoT endpoints), communications (securing networks enabling real-time grid data flow), and software (AI-driven analytics). The key growth drivers include modernizing the North American grid, which is expected to grow rapidly in the coming years, driven by EVs and digital transformation. There are a few other related companies, but they might not be direct peers (BLN, GSI, LPS). We would be comfortable buying it at its current price.