TCATA Selects Via to Transform Public Transit, Projected Access for 59,000 People
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- System Overhaul: TCATA has selected Via's leading software platform to comprehensively redesign its public transit system, aiming to enhance transit access and reliability while improving passenger experience and safety, with projected coverage increasing from 12,000 to 59,000 people, significantly boosting access to jobs, healthcare, and education.
- Cost Control: Via promises to achieve efficient and affordable mobility without increasing operating costs, leveraging successful case studies from Sioux Falls, South Dakota, and Mobile, Alabama, where ridership increased by nearly 40% and safety incidents were reduced by 70%, providing strong support for TCATA.
- Service Expansion: The new transit system design will significantly expand coverage in the Benton Harbor-St. Joseph urbanized area, potentially providing convenient travel options for more residents, thereby promoting regional economic development and social integration.
- Technological Edge: Via serves as the technological backbone of modern transportation networks, utilizing data and demand to create dynamic transit systems that help cities and transit agencies lower operational costs, enhance passenger experiences, and attract more riders, ultimately improving overall travel efficiency.
Analyst Views on VIA
Wall Street analysts forecast VIA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VIA is 53.00 USD with a low forecast of 40.00 USD and a high forecast of 59.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 26.230
Low
40.00
Averages
53.00
High
59.00
Current: 26.230
Low
40.00
Averages
53.00
High
59.00
About VIA
Via Renewables, Inc. is an independent retail energy services company. The Company provides residential and commercial customers in competitive markets across the United States with an alternative choice for their natural gas and electricity under its brands, including Spark Energy, Major Energy, Provider Power, and Verde Energy. The Company operates through two segments: Retail Electricity and Retail Natural Gas. In the Retail Electricity segment, it purchases electricity supply through physical and financial transactions with market counterparties and independent system operators (ISOs) and supplies electricity to residential and commercial consumers pursuant to fixed-price and variable-price contracts. In the Retail Natural Gas segment, it purchases natural gas supply through physical and financial transactions with market counterparties and supplies natural gas to residential and commercial consumers pursuant to fixed-price and variable-price contracts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
