Itron Inc Stock Price, News & Analysis

Itron (NASDAQ: ITRI) has announced a strategic collaboration with NVIDIA to accelerate AI-powered solutions at the grid edge for utilities and communities. The partnership integrates Itron's Grid Edge Intelligence portfolio with NVIDIA's Jetson Orin Nano and NVIDIA AI Enterprise platforms.

With over 13 million distributed intelligence-enabled endpoints globally, Itron will leverage NVIDIA's edge computing capabilities to enhance grid resilience, disaster management, consumer engagement, and operational efficiency. The collaboration aims to optimize utility operations through AI-driven solutions focusing on:

• Grid Optimization for efficient energy distribution
• Energy Demand Forecasting using customer and weather data
• Real-Time Data Processing for immediate operational insights

The partnership will enhance Itron's existing solutions, including meter data management, forecasting, advanced metering infrastructure analytics, grid planning, grid operations, and demand management software. The companies will work with ecosystem partners to accelerate delivery to customers.

Itron (NASDAQ: ITRI) and CHINT Global have launched the first residential electric smart meter based on the DLMS User Association's AC Electricity Smart Meter (ACESM) Generic Companion Profile (GCP) standard. This groundbreaking collaboration advances interoperability in the global utility market.

The GCP-compliant meter features an Itron Gen5 network interface card (NIC) embedded in a CHINT electric meter. The solution underwent extensive testing and validation to ensure reliability. The new standard eliminates the need for custom-built interfaces, reducing integration and deployment costs for utilities.

Itron's Meter Integration Services have been field-proven with over 40 million smart meters deployed by more than 10 vendors across 50 different meter types. The GCP-compliant meter is now available globally, offering utilities a standardized framework for Advanced Metering Infrastructure deployments.

Itron (NASDAQ: ITRI) has launched IntelliFLEX, a groundbreaking grid-edge DERMS solution designed to enhance the integration of distributed energy resources (DERs) and improve grid flexibility. The solution enables real-time visibility, control, and optimization of behind-the-meter DERs, potentially unlocking up to 20% more capacity in the distribution grid.

IntelliFLEX offers key capabilities including DER aggregation, AI-driven forecasting, and load balancing across various technologies. The solution can be deployed with Itron's AMI networks, third-party networks, or as a standalone system. It supports utilities in grid modernization by enabling grid planning, operations integration, and real-time DER coordination for assets like EVs, batteries, and solar.

Available globally, IntelliFLEX helps utilities meet regulatory standards while reducing operating expenses and improving customer savings. The solution leverages AI-powered optimization and seamlessly integrates with existing utility systems for enhanced DER management and load balancing strategies.

Itron (NASDAQ: ITRI) and National Rural Telecommunications Cooperative (NRTC) are collaborating with Arkansas Valley Electric Cooperative (AVECC) to enhance grid resiliency across the Arkansas River Valley. The project, funded through the U.S. Department of Energy's GRIP Program, involves deploying Itron's Gen5 Riva® smart meters integrated with fiber-enabled communications technology.

AVECC, serving nearly 63,000 members across 6,000+ miles of distribution lines, is building upon its 2018 Advanced Smart Grid Project by enhancing its GPON fiber infrastructure with Itron's Fiber MiniAP devices. This upgrade will provide improved grid operational data visibility, edge analytics, and enhanced member services.

The implementation enables cost-effective IIoT network coverage in rural, low meter-per-mile areas, supporting advanced metering infrastructure and grid management applications while improving resilience against extreme weather and aging infrastructure challenges.

Itron (NASDAQ:ITRI) has reported strong fourth quarter and full year 2024 financial results, showcasing significant growth across key metrics. Q4 revenue increased 6% to $613 million, while full-year revenue grew 12% to $2.4 billion.

The company achieved record-breaking performance in several areas, including Outcomes segment revenue, quarterly bookings, and a total backlog of $4.7 billion. GAAP net income for Q4 was $58 million ($1.26 per diluted share), up $14 million from 2023, while full-year net income reached $239 million ($5.18 per diluted share).

For Q1 2025, Itron projects revenue between $610-620 million with non-GAAP EPS of $1.25-$1.35. Full-year 2025 outlook forecasts revenue of $2.4-2.5 billion and non-GAAP EPS of $5.20-5.60, assuming stable market conditions.

Itron (NASDAQ: ITRI) announces collaboration with Publiacqua, Tuscany's water provider serving 1.3 million residents, to modernize its water distribution system. The utility will replace mechanical meters with Itron's Intelis wSource smart water meters to reduce non-revenue water and enhance customer experience.

The new meters feature advanced leak detection technology and provide benefits including remote data collection, precise billing accuracy with hourly consumption logging, flow distribution monitoring, and customer alerts for anomalies like broken pipes, leaks, tampering, or freeze risks.

The deployment is part of a PNRR M2C4-14.2 funded project to digitize the distribution network. Itron's Intelis wSource is the only water meter MID-certified for R1000 accuracy, specifically designed to enhance network visibility, reduce water loss, and ensure precise customer billing.

Itron (NASDAQ: ITRI) has announced it will release its fourth quarter and full year 2024 financial results on February 25, 2025, at 8:30 a.m. EST. The company will host a conference call at 10:00 a.m. EST on the same day to discuss the results.

A live webcast of the conference call will be available on Itron's website, along with a supplemental presentation. Participants are advised to access the webcast 10 minutes before the call starts to install any necessary audio software. A replay of the webcast will be accessible through March 5, 2025.

Itron (NASDAQ: ITRI) announced a collaboration with Xcel Energy to manage distributed energy resources (DERs) in Colorado, focusing on residential battery energy storage. The partnership involves deploying Itron's Aggregator Distributed Energy Resource Management System (DERMS) from its Grid Edge Intelligence portfolio.

The system will support Xcel Energy's Renewable Battery Connect program, enabling the management of consumer-owned residential battery storage to optimize grid operations, enhance system reliability, and lower energy costs. Currently, 25% of U.S. homes with solar PV have battery energy storage. Itron's Grid Edge Intelligence portfolio manages 3 million DER devices for 30 utilities across the U.S.

Itron (NASDAQ: ITRI) announced its collaboration with Water (WA) to modernize Perth's water distribution system using its Temetra® solution. The project involves installing 16,000 smart water meters as part of the Perth Smart Water Meter Pilot, aimed at addressing persistent drought through improved water conservation management.

The Temetra platform will integrate meter reads from five manufacturers' digital meters and three different communications networks into a unified data platform. The project, which began in September 2024, is expected to go live in April 2025. The solution enables smooth migration from automated meter reading (AMR) to advanced meter infrastructure (AMI), allowing WA to integrate new infrastructure at their own pace while maintaining access to historical data.