Company Performance - Itron's stock closed at $107.47, reflecting a +1.48% change from the previous trading day's close, outperforming the S&P 500's daily gain of 0.53% [1] - Over the past month, Itron's shares have decreased by 2.47%, underperforming the Computer and Technology sector's loss of 0.75% and the S&P 500's gain of 1.24% [2] Upcoming Financial Results - Itron is set to announce its earnings on February 25, 2025, with an expected EPS of $1.05, representing a 14.63% decline from the same quarter last year [3] - The consensus estimate for Itron's revenue is $603.26 million, indicating a 4.52% increase compared to the previous year [3] Analyst Estimates and Valuation - Recent changes in analyst estimates for Itron suggest a shifting business landscape, with positive revisions indicating analysts' confidence in the company's performance [4] - The Zacks Rank system currently rates Itron as 3 (Hold), with the consensus EPS estimate having decreased by 0.74% over the last 30 days [6] - Itron has a Forward P/E ratio of 21.89, which is lower than the industry average of 24.99, indicating a valuation discount [7] Industry Context - Itron's PEG ratio stands at 0.88, significantly lower than the Electronics - Testing Equipment industry's average PEG ratio of 2.41 [8] - The Electronics - Testing Equipment industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 88, placing it in the top 36% of over 250 industries [9]

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]

Core Insights - The increasing adoption of residential batteries and distributed energy resources (DERs) is driving the need for innovative solutions like Itron's Aggregator DERMS to enhance grid reliability and efficiency [1][2][8] - Itron's Grid Edge Intelligence portfolio is expected to benefit from new contracts and a strong demand environment, positively impacting its financial performance [2][10] - The company has raised its revenue guidance for full-year 2024, anticipating revenues between $2.428 billion and $2.438 billion, reflecting strong demand trends and effective operations [11] Group 1: Technology and Solutions - Itron's Aggregator DERMS enables utilities to manage DERs collectively and locally, improving energy cost savings and supporting the growth of solar and electric vehicles [1][2] - The platform integrates advanced analytics and distributed intelligence edge computing, providing real-time visibility and autonomous management of DERs [9] - The launch of new products like Grid Edge Essentials enhances grid visibility and supports the integration of renewable energy [4] Group 2: Market Performance and Growth - Itron's total backlog reached $4 billion, with a projected book-to-bill ratio of 1:1 or higher for 2024, indicating strong future demand [10] - The company has experienced a 45.3% increase in stock price over the past year, significantly outperforming the sub-industry growth of 2.7% [12] - Management's focus on digital technologies and non-wires grid solutions presents lucrative opportunities for growth [10]

Core Insights - Itron collaborates with Xcel Energy to manage distributed energy resources (DERs) in Colorado, focusing on residential battery energy storage to enhance grid flexibility and customer choice [1][2] - The adoption of battery energy storage in U.S. homes with solar PV is approximately 25%, indicating a growing trend that energy providers can leverage through Aggregator DERMS [2] - Itron's Aggregator DERMS enables both aggregated and localized management of DERs, optimizing grid operations and supporting reliable electric service [2][3] Company Overview - Itron is a global leader in energy, water, smart city, IIoT, and intelligent infrastructure services, aiming to improve resource efficiency and quality of life [4] - The company currently manages 3 million DER devices for 30 utilities across the U.S., showcasing its capability in addressing future energy challenges [3]

Core Insights - Itron, Inc. has partnered with Water Corporation to modernize Perth's water distribution system using its cloud-based Temetra solution, which will manage data from 16,000 smart meters to enhance water conservation and address drought challenges [1][2][3] Company Developments - The Perth Smart Water Meter project aims to transition from mechanical to smart meters and establish an IoT platform for data integration from various meter vendors [2] - Itron's Temetra solution facilitates a phased transition from automated meter reading (AMR) to advanced meter infrastructure (AMI), ensuring a smooth upgrade process [3] - The project is scheduled to begin in September 2024 and go live in April 2025, focusing on improving water management efficiency and sustainability [3][4] Market Performance - Itron reported a 10% year-over-year revenue increase in Q3, driven by strong market demand and effective operations despite economic challenges [5] - The Grid Edge Intelligence platform is experiencing growth due to demand for data centers, reindustrialization, and electrification, contributing to a backlog of $4 billion [6] Product Innovations - Itron has launched several products, including the CityEdge portfolio for smart city applications and the Low Voltage Distributed Energy Resource Management Solution to stabilize low-voltage networks [7] - The cloud-based Meter Data Management platform, IEE Cloud, offers utilities cost savings and operational visibility through Microsoft Azure [7] Financial Outlook - Itron has raised its revenue guidance for 2024 to between $2.428 billion and $2.438 billion, up from the previous estimate of $2.385-$2.415 billion [8] - Non-GAAP earnings per share (EPS) estimates have also increased to a range of $5.28-$5.38, compared to earlier estimates of $4.45-$4.65 [8] Stock Performance - Itron's shares have increased by 46.3% over the past year, significantly outperforming the industry growth of 3.8% [9]

Core Insights - Itron, Inc. is collaborating with Water Corporation (WA) to modernize the water distribution system in Perth using its Temetra® solution, which is a cloud-based meter data management system aimed at improving water conservation amid persistent drought conditions [1][4] Group 1: Project Overview - The Perth Smart Water Meter project aims to transition from mechanical meters to smart meters and deploy an IoT platform that supports multiple vendors and communication networks [2] - The project will integrate meter reads from five manufacturers' digital meters and three different types of communication networks, with Itron's Temetra facilitating this integration [2][3] Group 2: Technology and Benefits - Itron's Temetra solution allows for a smooth migration from automated meter reading (AMR) to advanced meter infrastructure (AMI), enabling the integration of mechanical and smart meter reads at the utility's own pace [3] - The platform is equipped with analytic tools that enhance operational efficiency and provide actionable insights, allowing WA to manage water data effectively over time [5] Group 3: Market Position and Impact - Itron's Temetra solution is utilized by water utilities globally, managing over 30 million endpoints, demonstrating its scalability and flexibility for various utility sizes [4] - The collaboration with WA highlights Itron's commitment to innovative solutions that support sustainable water management and improve customer relations by providing access to historical water data [4][5]

Core Insights - Itron, Inc. is collaborating with Water Corporation (WA) to modernize the water distribution system in Perth using its Temetra® solution, which is a cloud-based meter data management platform aimed at improving water conservation amid persistent drought conditions [1][4]. Group 1: Project Overview - The Perth Smart Water Meter project aims to transition from mechanical meters to smart meters and deploy an IoT platform that supports multiple vendors and communication networks [2]. - The project will integrate meter reads from five manufacturers' digital meters and three different types of communication networks, ensuring seamless data integration into a unified platform [2][3]. Group 2: Technology and Benefits - Itron's Temetra solution facilitates the migration from automated meter reading (AMR) to advanced meter infrastructure (AMI), allowing for the integration of both mechanical and smart meter reads at the utility's own pace [3]. - The platform is equipped with analytic tools that enhance operational efficiency and provide actionable insights, improving customer relations by allowing WA to access and manage historical water data [5]. Group 3: Market Position and Adoption - Itron's Temetra solution is utilized by water utilities globally, managing over 30 million endpoints, demonstrating its scalability and flexibility for utilities of various sizes [4]. - The collaboration with WA highlights Itron's commitment to innovative solutions that support sustainable water management and improve water security across Australia [4].

Core Insights - LUMA has completed the procurement process to deploy approximately 1.5 million smart meters across Puerto Rico as part of its Smart Meter Initiative, with no associated rate increases for customers [1][2] - Itron has been selected as the vendor to provide advanced smart grid technology, enhancing the reliability, efficiency, and resilience of Puerto Rico's electric grid [2][3] Company and Industry Overview - LUMA operates and manages Puerto Rico's electric power transmission and distribution system, focusing on transforming the grid to provide reliable, resilient, clean, and affordable service to its 1.5 million customers [8] - Itron is a global leader in smart meter technology and intelligent infrastructure services, committed to improving resource efficiency and quality of life through innovative systems [9] Project Details - The smart meter installation will create over 150 direct and indirect jobs in Puerto Rico, with a focus on local hiring for field crews and subcontractors [2][6] - The project will utilize Itron's smart grid platform, which includes a new communications network and distributed intelligence capabilities, marking a significant advancement in Puerto Rico's grid modernization efforts [3][4] Benefits of the Initiative - The smart meters will provide customers with better control over energy consumption, improved outage detection, and enhanced integration of renewable energy sources [4][5] - The initiative aims to improve situational awareness for grid monitoring and response during both normal and extreme weather conditions [5][6] Vendor Commitment and Technology - Itron's technology suite includes a meter software system for monitoring energy usage and detecting outages, along with a 15-year warranty and seamless integration with existing infrastructure [7]