Group 1: Partnership and Collaboration - Itron, Inc. has partnered with Encycle Technologies to enhance energy management efficiency for commercial and industrial customers by integrating Encycle's autonomous intelligence and HVAC optimization with Itron's energy and water management solutions [1] - The collaboration aims to reduce HVAC energy loads during peak demand, mitigate grid stress, and improve grid reliability [1][2] - The initiative utilizes Encycle's Swarm Logic software and Itron's Distributed Energy Management System (DERMS) to empower businesses and utilities in managing energy consumption during critical peak demand hours [2] Group 2: Technological Integration and Benefits - The partnership emphasizes the adoption of open standards, facilitating scalable and cost-effective programs for utilities [2] - The platform automates all phases of distributed energy resources (DERs) and active load management programs, streamlining energy optimization for commercial and industrial customers [2][3] - Businesses can reduce operational costs by leveraging demand response programs and advanced HVAC optimization [3] Group 3: Market Trends and Growth Drivers - Itron's Grid Edge Intelligence platform is positioned for growth due to factors such as rising data center demand, reindustrialization, production localization, and the electrification of transport and homes [5] - The partnership supports utilities and businesses in adapting to the increasing influx of DERs while addressing energy transition challenges [4] Group 4: Financial Outlook - Itron has raised its revenue guidance for full-year 2024 to between $2.428 billion and $2.438 billion, an increase from the previous estimate of $2.385-$2.415 billion [7] - The improved revenue outlook is expected to enhance earnings, with non-GAAP earnings per share projected at $5.28-$5.38, up from the earlier range of $4.45-$4.65 [7] Group 5: Stock Performance - Itron currently holds a Zacks Rank 3 (Hold) and its shares have increased by 42.3% over the past year, outperforming the sub-industry's growth of 15.1% [8]

Core Insights - Itron, Inc. will release its financial results for Q4 and the full year ended December 31, 2024, on February 25, 2025, at 8:30 a.m. EST [1] - A conference call will be hosted by Itron management at 10:00 a.m. EST to discuss the financial results [1] - Interested parties can access the conference call via a live webcast, which will also include a supplemental presentation [2] Company Overview - Itron is a global leader in energy, water, smart city, IIoT, and intelligent infrastructure services [4] - The company focuses on building innovative systems, creating efficiencies, connecting communities, encouraging conservation, and increasing resourcefulness [4] - Itron aims to safeguard natural resources to improve the quality of life for people worldwide [4]

Company Performance - Itron's stock closed at $103.36, reflecting a -0.24% change from the previous trading day's closing, underperforming the S&P 500 which gained 0.16% [1] - The stock has decreased by 7.44% over the past month, compared to a loss of 1.29% in the Computer and Technology sector and a 2.2% loss in the S&P 500 [1] Earnings Forecast - Itron is expected to report an EPS of $1.05, indicating a 14.63% decline year-over-year [2] - Revenue is forecasted to be $603.26 million, representing a 4.52% growth compared to the same quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for Itron suggest a shifting business landscape, with positive revisions indicating analyst optimism about the company's profitability [3] - The Zacks Consensus EPS estimate has decreased by 0.49% over the past month, and Itron currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Itron has a Forward P/E ratio of 21.36, which is lower than the industry average of 24.4 [5] - The company holds a PEG ratio of 0.85, compared to the Electronics - Testing Equipment industry's average PEG ratio of 2.26 [6] Industry Context - The Electronics - Testing Equipment industry is part of the Computer and Technology sector and has a Zacks Industry Rank of 210, placing it in the bottom 17% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Itron, Inc. (ITRI) recently partnered with Xcel Energy (XEL) to address Colorado's evolving energy needs. This collaboration focuses on integrating DERs including residential battery energy storage into the grid to enhance grid flexibility and reliability and meet customer demand. XEL will deploy an Itron’s Aggregator Distributed Energy Resource Management System (DERMS). This technology is part of Itron’s Grid Edge Intelligence portfolio. It is designed to manage the increasing number of distributed energy ...

Itron’s Grid Edge Intelligence Portfolio Provides Grid Support with Innovative Residential Battery Energy ManagementLIBERTY LAKE, Wash., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for energy providers and cities to manage energy and water, announced today a collaboration with Xcel Energy to manage the growing number of distributed energy resources (DERs) in Colorado, including residential battery energy storage, to support grid flexibility and customer choice. ...

Itron, Inc. (ITRI) has announced its partnership with Water Corporation (“WA”) to modernize the latter’s water distribution system in Perth using its cloud-based Temetra solution. This multi-vendor meter data management system will collect data from 16,000 smart meters to enhance water conservation and tackle drought challenges. The initiative is part of the Perth Smart Water Meter Pilot.WA’s Perth Smart Water Meter project focuses on transitioning from mechanical to smart meters and establishing an Interne ...

LIBERTY LAKE, Wash., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced that it’s working together with Water Corporation (WA) to modernize the utility’s water distribution system. WA will use Itron’s Temetra® solution, a globally adopted cloud-based, multi-vendor meter data management solution, to address persistent drought by collecting data from 16,000 smart water meters being installed in Perth. The me ...

LIBERTY LAKE, Wash., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced that it's working together with Water Corporation (WA) to modernize the utility's water distribution system. WA will use Itron's Temetra® solution, a globally adopted cloud-based, multi-vendor meter data management solution, to address persistent drought by collecting data from 16,000 smart water meters being installed in Perth. The met ...

Itron will partner with local vendors to install over 1.5 million meters across Puerto Rico as part of its Smart Meter InitiativeSAN JUAN, Puerto Rico, Dec. 17, 2024 (GLOBE NEWSWIRE) -- LUMA announced today the completion of the open procurement process and the next step of their initiative to deploy approximately 1.5 million smart meters across Puerto Rico. This significant milestone in the modernization of Puerto Rico’s electric grid and customers will not see any rate increases associated with the initia ...

LIBERTY LAKE, Wash., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, marks a significant milestone with the 50th deployment of its Temetra® solution in Australia, which is being deployed by Aqwest, the provider of drinking water to the City of Bunbury and its surrounding areas in Western Australia. With Itron’s cloud-based multi-vendor meter data collection and management solution, Aqwest will be able to manage i ...