Analysts warm to Anterix

“Anterix offers electric utilities the right amount of spectrum in the right spectrum band to build the private networks that electric utilities want to build,” wrote the financial analysts at LightShed Partners in a recent note to investors.

As a result, the analysts raised their price target on Anterix’s stock to $96 per share from $64 per share. The company’s stock is currently trading at around $63 per share.

The timing is noteworthy considering Anterix recently signed up another utility to test private wireless LTE operations on its 900MHz spectrum licenses. Tampa Electric – an electric and natural gas utility in Tampa, Florida, that counts 800,000 customers across four counties – is asking the FCC for permission to test a private wireless LTE network using spectrum from Anterix and equipment from Motorola Solutions.

“Tampa Electric is exploring the use of 900MHz LTE networks for various applications in support of its electric and gas utility operations,” the company told the FCC. “These applications include Advanced Meter Infrastructure (AMI) backhaul, SCADA, Distribution Automation (DA), and LMR to LTE Mission Critical Push-to-Talk (MCPTT) convergence.”

Tampa Electric joins a number of other utilities around the country in eyeing Anterix’s 900MHz spectrum for private wireless networks.

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