The Globe and Mail reports in its Wednesday, March 18, edition that National Bank Financial analyst Baltej Sidhu has commenced coverage on Tantalus Systems Holding with an "outperform" ranking and a $7 share target, which matches the consensus. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sidhu says in a note: "Tantalus Systems is emerging as a key enabler of modern distribution grid intelligence, providing a capital-efficient, deeply embedded, and differentiated platform that enhances operational visibility and resilience for utilities. We believe sustained customer adoption, an increasing software mix, and recurring revenue growth position the company to deliver expanding margins, higher-quality and more durable earnings, and associated potential for multiple re-rating. ... Grid modernization is transitioning from optional to necessary across a large utility base, with a sizable TAM where even modest long-term share capture supports compelling growth. Tantalus's capital-light, deeply integrated platform drives sticky adoption, strong retention and recurring expansion across its growing utility customer base. GRID's TRUSense Platform represents the next leg of growth."