Itron Inc Stock Price, News & Analysis

Itron (NASDAQ: ITRI) has achieved a significant milestone with the delivery of its 3 millionth Intelis gas meter to Peoples Natural Gas, Pennsylvania's largest natural gas distributor. The Intelis meter, North America's lightest residential gas meter at 4.35 pounds, offers advanced features including enhanced safety through automatic valve closure, remote shut-off capabilities, and seamless transition from AMR to AMI systems. The meter provides real-time safety monitoring and system insights through advanced software. This milestone delivery builds on a 30-year partnership between Itron and Peoples Natural Gas, marking their continued collaboration in improving gas distribution operations and customer service.

Itron (NASDAQ: ITRI) reported strong Q1 2025 financial results with notable improvements across key metrics. Revenue reached $607 million, up 1% year-over-year, while GAAP net income rose to $65 million ($1.42 per diluted share). The company's gross margin expanded to 35.8%, a 180 basis point improvement, driven by favorable product mix and operational efficiencies. Networked Solutions revenue decreased 1% due to timing factors, while Outcomes revenue grew 14% from increased recurring revenue and software licenses. Free cash flow significantly improved to $67 million, up from $34 million in the prior year. The company's total backlog stood at $4.7 billion, up from $4.3 billion year-over-year, with Q1 bookings of $530 million. For Q2 2025, Itron projects revenue between $605-615 million and non-GAAP EPS of $1.30-1.40.

Ouster (Nasdaq: OUST), a leading provider of high-performance lidar sensors and software solutions, has appointed Kenneth Gianella as Chief Financial Officer, effective May 19, 2025. Gianella brings over 25 years of technology and communications industry experience to the role.

The new CFO previously served as CFO and COO at Quantum Corporation and held senior positions at Itron, including VP of Investor Relations and VP of Finance and Treasury. He holds an MBA from the University of Pittsburgh and a BS in Business Administration from Duquesne University.

Gianella will succeed interim CFO Chen Geng, who will continue as Senior Vice President, Strategic Finance & Treasurer. The appointment aligns with Ouster's mission to build safer and more sustainable solutions across automotive, industrial, robotics, and smart infrastructure sectors through affordable, high-performance sensors.

Itron (NASDAQ: ITRI) has announced it will release its first quarter 2025 financial results on Thursday, May 1, 2025, before market opens. The company will publish its press release and financial statements on their investor relations website at 8:30 a.m. EDT.

A management conference call is scheduled for 10 a.m. EDT to discuss the quarterly results. Investors can access the live webcast and supplemental presentation through Itron's website. The webcast replay will be available until May 8, 2025.

Itron (NASDAQ: ITRI) and Norwegian utility Norgesnett announced their collaboration on the first edge computing deployment in the Nordics using Itron's Grid Edge Intelligence portfolio. Norgesnett will deploy 10,000 Itron distributed intelligence (DI)-enabled smart endpoints starting in the first half of 2026.

The project is part of Norgesnett's Advanced Metering Infrastructure (AMI) grid modernization roadmap, aimed at gaining greater distribution system visibility and control. The DI-enabled solution will help address challenges from increased distributed energy resources, including rooftop solar power and electric vehicle adoption in Norway, where almost 96% of new cars registered in January 2025 were electric.

The smart endpoints will provide real-time energy usage data, enable remote power management, and support flexible two-way communication. This implementation aligns with Nordic Innovation's vision for the region to become the most sustainable and integrated globally by 2030.

Itron (NASDAQ: ITRI) has announced a collaboration with the City of Helsingborg, Sweden, to implement smart city solutions through its CityEdge portfolio. The initial phase involves deploying 670 Itron Networked Lighting Controllers (NLCs) as part of the city's 30,000 streetlight network modernization plan.

The project, set to begin in early 2025, aligns with Helsingborg's Action Plan for Street Lighting and IoT 2021-2027. The CityEdge central management software will enable remote control and monitoring of streetlights, featuring intelligent dimming capabilities based on time and traffic volume. The system includes outage alerts for maintenance crews, accessible via web and mobile platforms.

This implementation supports Nordic Innovation's vision of making the Nordic region the world's most sustainable integrated region by 2030. The CityEdge platform's open ecosystem can accommodate various smart city applications beyond lighting, including traffic management, public safety, and environmental monitoring.

Itron (NASDAQ: ITRI) and Schneider Electric have expanded their collaboration with Microsoft to deliver a comprehensive Grid Edge Intelligence solution, addressing utility grid visibility and control challenges. The partnership integrates Itron's distributed intelligence technology with Schneider's Digital Grid solutions and Microsoft's AI platform.

The collaboration aims to improve grid reliability through high-bandwidth, real-time data integration, enabling utilities to enhance grid capacity by up to 20% while maintaining asset loading limits. This non-wires solution addresses infrastructure constraints during a period where transformer lead times extend to 1-2 years.

Key features include transformer-to-meter mapping, state estimation improvements, enhanced Volt-VAR optimization, and local DER group management. The solution enables utilities to modernize their models with near real-time measurements and better understand distribution grid bottlenecks.

The solution will be available in North America by the end of 2025.

Itron (NASDAQ: ITRI) has announced a collaboration with Tesla and Xcel Energy to deploy an advanced virtual power plant (VPP) in Colorado. The initiative integrates Itron's IntelliFLEX Aggregator DERMS solution with Tesla's Powerwall home batteries to enhance distributed energy resource (DER) management.

The collaboration expands Xcel Energy's Renewable Battery Connect program, which manages customers' batteries during peak energy demand periods to stabilize the electric grid. Itron's IntelliFLEX solution, currently managing 3 million DER devices across 30 U.S. utilities, will directly integrate with Tesla's battery storage platform to provide real-time grid benefits using stored solar power.

Colorado, with over 300 sunny days annually, presents an ideal environment for this first-of-its-kind model combining aggregator DERMS solutions and battery storage. The program enables residential participants' home batteries to dispatch stored power to the grid during high-demand periods, supporting Xcel Energy's electrification goals while maintaining grid reliability.

Itron (NASDAQ: ITRI) announces collaboration with Microsoft to integrate generative AI Copilot technology into its Intelligent Edge Operating System (IEOS). The enhanced platform, available globally in Q2 2025, will enable utilities to access data through natural language queries, streamlining operations across electricity, gas, and water distribution systems.

The AI-powered platform, built on Microsoft Azure OpenAI Service, will initially be implemented in Itron's IEE Meter Data Management System and Operations Optimizer. Key benefits include improved customer consumption analysis, validation rule insights, accelerated innovation, and comprehensive data access across departments.

The solution addresses a significant industry challenge, as 43% of utilities cite lack of expertise as the main hurdle to AI implementation. The platform requires no technical coding skills, making advanced analytics accessible to utility operators without data science expertise.