Itron Inc Stock Price, News & Analysis

Itron (NASDAQ: ITRI) has been recognized as a Visionary in the March 2021 Gartner Magic Quadrant for Managed IoT Connectivity Services. This recognition highlights Itron's role in providing robust IoT solutions that support utilities and cities in managing energy and water. The company emphasizes its capabilities in data management, intelligent analytics, and control systems for advanced utility and smart city applications. Itron's IIoT platform enables enhanced customer services, reduced costs, and improved engagement through a reliable connectivity network.

Itron, Inc. (NASDAQ: ITRI) has launched the eHZ-B residential smart meter for utilities and cities in Germany, which is part of its 3.HZ FNN-compliant portfolio. This advanced smart meter supports Germany's energy transition, ensuring safe migration to a connected distribution network. The eHZ-B is designed for interoperability and features next-gen encryption for secure data transmission. Available now, the product aims to enhance the management of distribution networks and contribute to the sustainability of energy sources in partnership with regional utilities.

Itron (NASDAQ: ITRI) will host the Itron Utility Week (IUW) virtually for Asia-Pacific (APAC) leaders on April 21-22, 2021. This event focuses on sharing insights and solutions to challenges faced by utilities and cities amid the COVID-19 pandemic. Itron aims to enhance collaboration and innovation amongst industry experts, featuring keynotes, breakout sessions, and a product showcase. The event is free and will include on-demand content available until May 21. For further details, visit www.itron.com/iuwapac.

Itron, Inc. (NASDAQ: ITRI) has expanded its Itron Engage Sales Channel Partner Program to Europe, the Middle East, and Africa (EMEA). This initiative aims to provide partners with enhanced tools, training, and support to promote Itron's technology in their markets. The program fosters an interconnected partner community and rewards performance across Itron's portfolio. Current partners can access resources via the Partner Center, while new partners can enroll online. Itron's executives express enthusiasm about this launch, emphasizing its potential to drive collective success in delivering smart solutions.

Itron, Inc. (NASDAQ: ITRI) has signed a contract to deploy its intelligent cloud-based mobile meter management solution, Temetra, for Dŵr Cymru Welsh Water. This initiative aims to enhance water data management and automate meter reading for the utility, which serves 3 million customers and manages 750,000 meters across Wales. Temetra will enable both automated and manual data collection, real-time data upload, and improved security through cloud storage. Itron's senior VP emphasized a commitment to modern water solutions to optimize operations and enhance customer engagement.

Itron (NASDAQ: ITRI) announced a private offering of $400 million in convertible senior notes due 2026, with an option for an additional $60 million. The notes will not accrue interest and will convert at a price of $126 per share, reflecting a 40% premium over its concurrent public stock offering priced at $90 per share. The offering is expected to close on March 12, 2021. Proceeds will fund convertible note hedge transactions and redeem outstanding senior notes. The company also plans to use net proceeds to manage potential dilution from the notes.

Itron, Inc. (NASDAQ: ITRI) has announced a public offering of 3,888,889 common shares priced at $90.00 each, with underwriters holding a 30-day option to purchase an additional 583,333 shares. The offering is set to close around March 12, 2021. Proceeds will be used to repay existing term loan borrowings and cover offering-related fees. Additionally, Itron has priced a private offering of $400 million in 0% convertible senior notes due 2026. Both offerings are not contingent on one another and are managed by J.P. Morgan and Wells Fargo.

Itron (NASDAQ: ITRI) announced an underwritten public offering of $350 million in common stock, with an option for underwriters to purchase an additional $52.5 million. The proceeds will be used to repay outstanding term loans and cover offering expenses. Additionally, Itron initiated a private offering of $400 million in convertible notes due 2026, potentially increasing to $460 million if options are fully exercised. J.P. Morgan and Wells Fargo will manage the offerings. The closing of the offerings is independent of one another.

Itron, Inc. (NASDAQ: ITRI) announced a private offering of $400 million in convertible senior notes due 2026, with an option for an additional $60 million. Parallelly, they announced a registered public offering of $350 million of common stock, potentially rising to $402.5 million. The proceeds from the convertible notes will partially fund hedge transactions and redeem existing 5.00% senior notes due 2026. Both offerings are independent, and details on interest rates and conversion rates will be determined at pricing.