Itron Inc Stock Price, News & Analysis

Itron, Inc. (NASDAQ: ITRI) has introduced its Fiber Mini Access Point (Fiber MiniAP™), designed to enhance connectivity for smart meters and devices via existing fiber assets. This innovation aims to support rural electric cooperatives by extending IIoT network coverage and aiding in grid modernization. The Fiber MiniAP reduces infrastructure costs while enabling advanced applications like electric vehicle management and distributed energy resources. Scheduled for testing with cooperative utilities, this solution is set for commercial release in North America in the first half of 2024.

Itron, Inc. (NASDAQ:ITRI) reported its Q4 and full-year 2022 results, revealing quarterly revenue of $467 million and annual revenue of $1.8 billion. The company recorded a gross margin of 30.1% in Q4 and 29.1% for the full year. Q4 GAAP net income reached $22 million ($0.49 per diluted share), improving from a loss of $(59) million last year. However, full-year results showed a net loss of $(10) million per share at $(0.22). Itron's backlog hit a record $4.6 billion. For 2023, the company forecasts revenue between $1.85 and $1.95 billion and non-GAAP EPS of $0.70 to $1.10.

Itron, Inc. (NASDAQ: ITRI) has been named a Visionary in the 2023 Gartner Magic Quadrant for Managed IoT Connectivity Services, recognized for its ability to execute and completeness of vision.

The report highlights Itron's management of over 86 million endpoints, emphasizing its flexible platform that optimizes performance and cost. As utilities face increasing challenges from renewable energy and water scarcity, Itron's solutions are positioned to enhance efficiency across global markets, leveraging advanced technologies such as RF mesh and LTE.

Itron (NASDAQ: ITRI) has partnered with Sense to enhance home energy management through real-time analytics. The Sense Home Analytics application will utilize Itron’s distributed intelligence (DI) platform, enabling better energy usage insights for consumers and utilities. This collaboration aims to improve grid resiliency and transform utility-consumer relationships by providing predictive insights into energy consumption. With over 5 million DI-enabled meters already shipped, the Sense application will be accessible via the Itron Enterprise Application Center by the end of Q3 2023. This partnership emphasizes reducing carbon emissions and optimizing energy management.

Itron, Inc. (NASDAQ: ITRI) is enhancing its partnership with Smart Energy Water (SEW) to transform utility-consumer relationships. This initiative aims to optimize the use of advanced metering infrastructure (AMI) and distributed intelligence (DI) data through better data sharing, empowering both utilities and consumers. The collaboration encompasses Itron's DataHub, a secure cloud platform that simplifies data access for authorized third parties. The new approach allows real-time data sharing, enabling utilities and consumers to unlock new services and revenue streams, promoting a seamless integration of distributed energy resources (DERs) into the grid.

Itron, Inc. (NASDAQ: ITRI) has launched a new distributed intelligence (DI) network interface card (NIC) designed to enhance edge computing in third-party devices, aiming to drive innovation in low-voltage networks and distributed energy management. This first-of-its-kind technology allows utilities to leverage existing infrastructure, facilitating integration of distributed energy resources like electric vehicles and solar power. Itron's DI NIC will also support applications in home energy management, providing utilities with real-time control over the distribution network. Initial partnerships with companies like Lumin will further enable effective load management and consumer engagement.

Itron, Inc. (NASDAQ: ITRI) will announce its fourth quarter and full year financial results for the period ending Dec. 31, 2022 on Feb. 27, 2023, prior to market opening. The release will be accessible on its website at 8:30 a.m. EST, followed by a management conference call at 10 a.m. EST. Interested listeners can join the live webcast and pre-register through the company’s events page. A replay of the conference call will be available until Mar. 4, 2023.

Itron (NASDAQ: ITRI) has partnered with Qatar District Cooling Company to enhance its thermal energy operations by upgrading its meter data management (MDM) solution. The updated EMMSYS MDM will improve efficiency and customer satisfaction through enhanced data analysis and a user-friendly interface. This upgrade includes the deployment of 25,000 Itron thermal energy meters. The collaboration aims to optimize Qatar Cool's cooling systems, further reducing their carbon footprint.

Itron, Inc. (NASDAQ: ITRI) has signed a contract with Gainesville Regional Utilities to modernize its infrastructure using Itron’s IIoT network solutions. The project includes smart water and gas communication modules, along with electric smart meters, aimed at improving operational efficiency and data accuracy. Daily electronic data collection will reduce costs and enhance customer service, providing online access for usage monitoring. This initiative aligns with GRU’s commitment to enhance customer experience and pave the way for future smart city applications.