Q: Opinion on grid
5i Research Answer:
We continue to like GRID and have it in the growth model portfolio. We like GRID given its industry tailwinds. From a software/AI fear standpoint, there is more potential for disruption for GRID than a pure utility play, since GRID operates in the industrial/engineering software space for utilities. This could create some risks if investors begin to fear utility data analytics companies will be disrupted, but we think its fundamentals are strong. Forward sales growth is expected to be 15% to 20%, and earnings are anticipated to inflect positive in the coming years. We like its recent momentum and positive trend.