Itron(ITRI) ZACKS·2025-03-17 14:00Core Insights - Itron Inc. has partnered with CHINT Global to launch the first residential electric smart meter compliant with the DLMS User Association's AC Electricity Smart Meter Generic Companion Profile standard, aiming to enhance interoperability and reduce integration costs [1][2][3] Group 1: Product Development and Innovation - The GCP standard provides a framework for interoperability across smart metering technologies, eliminating the need for custom interfaces and enabling cost-effective implementation of Advanced Metering Infrastructure [2] - The new GCP-compliant smart meter integrates Itron's Gen5 network interface card with CHINT Global's metering expertise, having been tested for performance, security, and reliability before commercial launch [3][4] - Itron's IntelliFLEX, a Distributed Energy Resource Management System, aims to optimize grid capacity and defer infrastructure investments, potentially unlocking up to 20% additional capacity [5] Group 2: Financial Performance - Itron's revenues for the last reported quarter reached $613 million, a 6% year-over-year increase, driven by strong demand in the Networked Solutions and Outcomes segments [6] - The company expects revenues in the range of $2.4 billion to $2.5 billion for 2025, with projected net sales of $610 million to $620 million for the first quarter of 2024, reflecting a 2% year-over-year increase at the midpoint [7] Group 3: Market Position - Itron currently holds a Zacks Rank 2 (Buy), with its stock price increasing by 19.6% over the past year, contrasting with a 7% decline in the Zacks Electronics-Testing Equipment industry [8]