While looking at Gentrack to get a better idea of valuation, I thought it would be worth looking at Powercloud for a change.

On their website there is a high level overview of how everything is connected

But when I try to understand smart meters in powercloud, my question remains unanswered and they are unable to articulate their implementation.

Compare that to Gentrack which explains the smart meter strategy in more detail.

And for the techies out there, you can even call the Gentrack endpoint API

There is no documentation on endpoints in Powercloud website

Powercloud does have partners who build apps to enable customers to use the platform.

So I'm finding it harder to understand the advantages of Powercloud vs Gentrack.

I haven't compared Hansen's offering against Gentrack as I assume Hansen bought Powercloud to keep up with the changes in utility billing.

I'm hoping someone that has looked at Powercloud more closely can deep dive further. As it is hard for me to find a case to switch from Gentrack to Hansen despite the recent institution selling in Gentrack (WAM, Milford, Regal AEF have been selling)

Broker Research Report from RBC Capital Markets Feb 2024

Price target 5.60 (downgrade from 6.50)

The report is a bit old (from 21 Feb 2024) but does include the most recent result

Pulling out the important bits