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Itron Inc. - ITRI STOCK NEWS

Welcome to our dedicated news page for Itron (Ticker: ITRI), a resource for investors and traders seeking the latest updates and insights on Itron.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Itron's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Itron's position in the market.

Rhea-AI Summary
Itron, Inc. introduces its innovative Low Voltage Distributed Energy Resource Management Solution (LV DERMS) for Australian utilities at the Energy Networks Conference. The solution aims to manage Consumer Energy Resources like rooftop solar and battery storage to maintain network stability amidst the energy transition challenges in Australia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
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none
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Rhea-AI Summary
Itron, Inc. announces the deployment of 2 million Gen™5 Riva™ distributed intelligence-enabled electric smart meters by Xcel Energy, a major U.S. electric and natural gas company. This deployment aids Xcel Energy in providing cleaner, safer, and more reliable energy to nearly 3.7 million customers across eight states, helping them achieve their carbon reduction goals. The meters are connected to Itron's Advanced Metering Infrastructure network, enhancing grid management and operational efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
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none
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Rhea-AI Summary
Coopesantos R.L. becomes the first rural utility in Costa Rica to fully implement Itron's smart metering solution, enhancing grid efficiency and reliability. The project included connecting over 50,000 smart meters with Itron's Advanced Metering Infrastructure (AMI) network, providing benefits like power outage alerts, reduced carbon footprint, and increased client satisfaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
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none
Rhea-AI Summary
Itron, Inc. (ITRI) will host an Investor Day at Nasdaq MarketSite to discuss its strategy, operational focus, and long-term financial goals. The event will be live webcasted on March 12, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.19%
Tags
conferences
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Rhea-AI Summary
Itron, Inc. acquires Elpis Squared to enhance Grid Edge Intelligence portfolio, providing utilities with innovative solutions for grid planning, operations, and engineering. The acquisition aims to accelerate the energy transition by enabling utilities to optimize and manage energy distribution more efficiently. Elpis Squared brings expertise in real-time grid edge data integration, enhancing distribution grid modeling and analysis for improved performance metrics. The acquisition is set to benefit utilities by streamlining scenario planning, improving asset planning, enhancing wildfire prevention, and mitigation efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.5%
Tags
acquisition
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Rhea-AI Summary
Itron, Inc. introduces Active Transformer Load and Voltage Monitoring applications to help utilities manage the impact of distributed energy resources on the distribution grid. These first-of-its-kind applications provide real-time visibility into transformer performance, enabling utilities to optimize capacity, extend transformer life, and improve grid efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.47%
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none
Rhea-AI Summary
Itron, Inc. (NASDAQ:ITRI) reported strong financial results for the fourth quarter and full year of 2023, with revenue reaching $577 million and $2.2 billion, marking a 23% and 21% increase, respectively. The company's gross profit rose by 39% and 37%, reaching $196 million and $714 million for the quarter and full year. GAAP net income attributable to Itron, Inc. saw a significant increase to $44 million and $97 million, with GAAP diluted earnings per share reaching $0.96 and $2.11. Non-GAAP diluted EPS also increased to $1.23 and $3.36. Adjusted EBITDA and free cash flow showed substantial improvements, reflecting the company's operational efficiency and strong performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22.06%
Tags
earnings
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Rhea-AI Summary
Itron, Inc. and The Mobility House introduce the Fast & Flexible Interconnect (FIX) program to facilitate reliable charging of electric vehicle (EV) fleets in constrained distribution systems. The program aims to address interconnection delays and infrastructure challenges associated with EV fleet electrification, offering cost-effective and rapid solutions. With the increasing adoption of electric vehicles, the FIX program combines Itron's Grid Edge Intelligence solutions and The Mobility House's ChargePilot system to optimize EV charging management. Three program strategies are offered to meet varying utility goals: Passive, Active, and Dynamic approaches. The FIX program enables utilities to manage EV fleets efficiently, exceed electric panel board capacity safely, and plan infrastructure upgrades effectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
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none
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Rhea-AI Summary
Itron, Inc. (NASDAQ: ITRI) and GE Vernova collaborate to enhance grid data management for utilities, aiming to create a more reliable grid for end users. They plan to integrate data fabric technology to provide real-time data insights for grid operators.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
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none
Rhea-AI Summary
Itron, Inc. (ITRI) and Schneider Electric collaborate to digitalize supply and demand management for utilities, enhancing grid flexibility and efficiency. The partnership aims to optimize grid planning and operations by integrating intelligent grid and distributed energy resource solutions. By leveraging data generated at the grid's edge, utilities can increase grid capacity and defer infrastructure investments, benefiting from actionable insights. The collaboration focuses on delivering value across asset management, grid planning, operations, and DER management, supporting the energy transition towards distributed energy resources.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
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none
Itron Inc.

Nasdaq:ITRI

ITRI Rankings

ITRI Stock Data

4.20B
45.13M
0.81%
105.53%
3.28%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
Link
US
Liberty Lake

About ITRI

itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure services to communities in more than 100 countries. our proven portfolio of smart networks, software, services, meters and sensors helps our customers better manage energy and water for the people they serve.