Q: Thanks for commenting on the earnings. Could you please talk about the conference call. On a scale of one to ten, is it a strong by today (10), a buy 6-9, hold (5) or sell 4 or less. And why? Thank you.
5i Research Answer:
Commentary from the earnings call transcript revealed strong demand primarily from public power and electric cooperative utilities across the US and Canada. Management noted there is currently no active M&A activity, its focus remains on organic growth and TRUSense Gateway commercialization. Management expects 2026 to be another good year of growth, and it's targeting an Adjusted EBITDA margin of 15% to 17.5% in 2-3 years. We would place it at a 7-8 in terms of a 'buy' scale - we think that the need for grid stabilization and increasing pressure on utilities to modernize aging infrastructure are key growth themes going forward, which can act as tailwinds for GRID.