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Itron (ITRI) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2025-06-26 23:16
In the latest trading session, Itron (ITRI) closed at $132.78, marking a +1.17% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.8%. Meanwhile, the Dow gained 0.94%, and the Nasdaq, a tech-heavy index, added 0.97%. Coming into today, shares of the energy and water meter company had gained 15.86% in the past month. In that same time, the Computer and Technology sector gained 8.5%, while the S&P 500 gained 5.12%. Market participants will be closely following the finan ...
Itron Celebrates Shipment of 2 Millionth Cyble™ 5 Communication Module
Globenewswire· 2025-06-25 12:45
French Water Provider, Metz Eurométropole Water Utility, Receives Milestone ModuleLIBERTY LAKE, Wash., June 25, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, has shipped more than 2 million of its Cyble 5 multi-connectivity communication modules. French water utility, Metz Eurométropole, is the recipient of the two millionth module. The water provider is deploying Itron Cyble 5-equipped water meters in support of its mi ...
HEDNO Advances Grid Modernization with Itron Intelligent Edge Solution in Greece
Globenewswire· 2025-06-24 12:45
Core Insights - Itron has signed a contract with Hellenic Electricity Distribution Network Operator S.A. (HEDNO) to enhance grid edge intelligence in Greece, aiming for improved customer experience and modernization of the electric grid to support net-zero emissions by 2050 [1][5] Group 1: Project Overview - HEDNO will implement Itron's Enterprise Edition Meter Data Management (MDM) system to manage 7.7 million meters and nearly 1 million new intelligent narrowband-IoT cellular smart meters [2][3] - The deployment will enhance operational efficiency, customer service, and provide better visibility into energy consumption, leading to faster issue resolution and flexible billing options [2][3] Group 2: Technological Integration - Itron's MDM system will allow HEDNO to access comprehensive meter datasets for accurate loss detection, improved revenue collection, and predictive maintenance capabilities [3][4] - The solution is pre-integrated with Itron's Intelligent Edge Operating System (IEOS), facilitating advanced grid capabilities such as energy forecasting and distributed energy resource management [4] Group 3: Strategic Importance - The project is deemed crucial for the modernization of the Greek electricity market, with Itron's MDM system serving as the central hub for data collection and analysis [5] - Itron's global experience managing over 50 million endpoints positions the company to effectively support HEDNO's evolving operational needs [6]
Itron Announces Participation at Upcoming Investor Conference
Globenewswire· 2025-06-18 20:05
LIBERTY LAKE, Wash., June 18, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will participate in the J.P. Morgan 2025 Energy, Power, Renewables & Mining Conference on Wed., June 25, 2025, in New York City. Tom Deitrich, Itron’s president and CEO, will participate in a fireside chat and investor meetings. About Itron Itron is transforming how the world manages energy, water and city services. Our t ...
ITRI to Roll Out Cyble 5 in APAC to Boost Water Utilities' Operations
ZACKS· 2025-06-10 15:31
Core Insights - Itron, Inc. is launching its Cyble 5 communication module in the Asia-Pacific region, which enhances mechanical water meters into intelligent devices [2][10] - The Cyble 5 module facilitates a transition to automated metering, helping utilities modernize infrastructure, reduce operational costs, and improve sustainability without extensive replacements [3][10] Product Details - Production of the Cyble 5 module will commence in Q4 2025 at PT Mecoindo in Cikarang, Indonesia [4] - The module includes leak detection capabilities, continuous flow alarms, and hourly data collection, which are crucial for water conservation, especially in warmer climates like Australia and New Zealand [4][5] Market Context - Itron has successfully deployed over 2 million Cyble 5 modules in the EMEA region, with positive outcomes such as reduced water losses reported by utilities like Severn Trent Water [6][10] - The introduction of Cyble 5 in Asia-Pacific is expected to yield similar benefits for local utilities [6] Innovation and Growth - Itron's recent product innovations include the Solar Battery Access Point, set to improve connectivity in areas lacking traditional networks, and the IntelliFLEX energy management system, which optimizes grid capacity [7][8] - For Q2, Itron anticipates revenues between $605 million and $615 million, with non-GAAP EPS projected to be $1.30–$1.40, reflecting a 12% year-over-year increase at the midpoint [8] Stock Performance - Itron currently holds a Zacks Rank 3 (Hold) and has seen a stock price increase of 14.2% over the past year, outperforming the Zacks Electronics - Testing Equipment industry's growth of 0.8% [9]
Itron Publishes 2024 Corporate Sustainability Report
Globenewswire· 2025-06-10 12:45
Core Insights - Itron, Inc. released its 2024 Corporate Sustainability Report, emphasizing its commitment to sustainability and the positive impact of its solutions on customers and communities [1][2][3] Sustainability Strategy - The company completed its first enterprise-wide double materiality assessment in 2024, aligning sustainability priorities with stakeholder expectations and regulatory requirements [2][4] - Itron's ESG strategy is integrated into its operations, with oversight from the board of directors [3] Environmental Impact - Itron's solutions helped customers avoid 7.5 million metric tons of greenhouse gas emissions in 2024, driven by improved operational efficiency and consumer engagement [4] - The company achieved 100% ISO 14001 certification across all manufacturing facilities and reduced Scope 1 and 2 emissions by over 50% since 2019 [4] Community and Employee Engagement - Itron was recognized as one of America's Greatest Workplaces, with nearly 95% of employees expressing intent to stay with the company [4] - The company invested over $1 million in corporate philanthropy, educational outreach, and volunteerism [4] Ethical Conduct and Governance - In 2024, 100% of employees completed the Code of Conduct training, and nearly 90% of the Board remained independent [4] - Itron received an "AA" MSCI rating and a "Low Risk" designation from Sustainalytics, reflecting its strong ESG profile and values-driven leadership [4]
Itron Launches Cyble 5 Module in APAC Region to Transform Water Utility Operations
Globenewswire· 2025-06-10 00:00
Core Insights - Itron, Inc. is launching its Cyble™ 5 communications module in the Asia-Pacific region, which enhances mechanical water meters into communication devices for automated meter reading and advanced metering infrastructure [1][2] - The module will be produced in Cikarang, Indonesia, starting Q4 2025, addressing utility challenges in the region, including smart metering and water conservation [2] - The Cyble 5 module is designed to withstand extreme weather conditions, making it suitable for various climates, and allows utilities to upgrade without replacing existing infrastructure [3] Group 1 - The Cyble 5 module enables utilities to reduce costs and support sustainability initiatives by improving existing metering infrastructure [1][2] - It features leak detection capabilities, which are particularly beneficial in regions facing water scarcity, such as Australia and New Zealand [2] - Itron has successfully shipped over 2 million Cyble 5 modules in the EMEA region, helping utilities like Severn Trent Water significantly reduce water losses [4] Group 2 - The module's design includes resistance to water, contaminants, corrosion, humidity, and high temperatures, ensuring durability and versatility for utilities [3] - The easy installation process of the Cyble 5 module allows utilities to transition at their own pace without the need for extensive infrastructure changes [3] - Itron positions itself as a leader in energy, water, and smart city solutions, focusing on innovative systems and resource conservation [6]
Itron Now Accepting Nominations for Seventh Annual Itron Innovator Award
Newsfilter· 2025-05-06 12:45
Core Insights - Itron, Inc. is accepting nominations for the 7th annual Itron Innovator Award, aimed at recognizing utility or city customers who have utilized Itron's partner enablement program to implement innovative solutions that enhance resource efficiency, safety, and community connectivity [1][4]. Group 1: Award Details - The award will be presented at Itron Inspire 2025, scheduled for October 24-30 in Orlando, Florida, with a nomination deadline of June 30, 2025 [1]. - Eligible nominations must involve solutions that are either in a pilot phase, deployed in the field, or generating quantifiable outcomes, with successful integration with Itron solutions being a key criterion [2]. Group 2: Previous Winners - In 2024, Hydro One, Ontario's largest electricity provider, won the award for its technology initiatives that utilized Itron's Distributed Intelligence applications to support grid modernization efforts [3]. Group 3: Company Overview - Itron operates in over 100 countries, providing critical infrastructure solutions for utilities and cities, including smart networks, software, services, meters, and sensors to manage electricity, gas, and water resources [6]. - The company emphasizes collaboration with customers to enhance quality of life, safety, and sustainability for millions globally, aiming to create a more resourceful world [6].
Itron Now Accepting Nominations for Seventh Annual Itron Innovator Award
GlobeNewswire News Room· 2025-05-06 12:45
Core Points - Itron, Inc. is accepting nominations for the 7th annual Itron Innovator Award, aimed at recognizing innovative solutions from utility or city customers that enhance resource efficiency and community connectivity [1][4] - The award will be presented at Itron Inspire 2025, scheduled for October 24-30 in Orlando, Florida, with a nomination deadline of June 30, 2025 [1][5] - The nominated solutions should be in a pilot phase, deployed, or generating quantifiable outcomes, with successful integration with Itron's solutions being a key criterion [2] Company Overview - Itron is a global leader in energy and water management, providing critical infrastructure solutions to utilities and cities in over 100 countries [6] - The company offers a comprehensive portfolio that includes smart networks, software, services, meters, and sensors to help manage electricity, gas, and water resources [6] - Itron aims to enhance the quality of life, safety, and sustainability for millions globally through collaboration with its customers [6]
Itron Introduces Solar-Powered Access Point to Expand Intelligent Connectivity for Gas and Water Utilities
Globenewswire· 2025-05-05 12:45
Core Viewpoint - Itron, Inc. has introduced the Solar Battery Access Point, a solar-powered device aimed at providing cost-effective and flexible networking solutions for water and gas utilities, addressing the challenges of traditional infrastructure [1][2]. Group 1: Product Features and Benefits - The Solar Battery AP eliminates the need for expensive tower-based or utility pole-mounted infrastructure, allowing utilities to utilize their own assets for mounting [2][6]. - It features a rechargeable power management system with an integrated solar panel, which generates the necessary power, thus avoiding costs associated with power drops and monthly bills [6]. - The device is designed for long-lasting performance, with an operational lifespan of up to 20 years in the field [6]. - It enhances connectivity by delivering a low-latency, battery-powered mesh network, which expands the network capabilities for gas and water utilities [6]. Group 2: Market Position and Future Outlook - The Solar Battery AP is set to be available in North America in the second half of 2025 and will be showcased at the American Gas Association Operations Conference [1]. - The introduction of this technology is expected to help utilities and municipalities improve the safety and reliability of critical services while creating new engagement opportunities with customers [3].