Welcome to our dedicated page for Itron news (Ticker: $ITRI), a resource for investors and traders seeking the latest updates and insights on Itron stock.
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.
News
Rhea-AI Summary
Itron, Inc. (NASDAQ: ITRI) announced the availability of Itron Enterprise Edition Meter Data Management (MDM) in the Microsoft Azure Marketplace. This allows utilities to leverage the Azure cloud platform for data management, offering benefits like real-time data collection, meter data quality, reporting and analytics, operational efficiencies, and improved customer satisfaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.71%
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News
Rhea-AI Summary
Itron, Inc. (NASDAQ: ITRI) collaborates with Lightwell to provide Fluvius, the largest Belgian grid operator, with a smart street lighting solution to upgrade over 1 million streetlamps with LED technology by 2028. The solution aims to reduce CO2 emissions, lower energy consumption, and increase operational efficiencies. Itron's smart street lighting solution includes streetlight controls, intelligent connectivity, and central management software, while Lightwell's Luxis streetlight luminaires will be managed via Itron's Streetlight.Vision (SLV) software application. The benefits of Itron's SLV solution include automated asset management, flexible scheduling, rapid failure detection, and utility-grade metering data. Through Itron's platform, Fluvius can enable dimming of the Lightwell LED streetlights for additional energy savings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
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Rhea-AI Summary
Itron, Inc. (NASDAQ: ITRI) is expanding production of the Aquadis+ volumetric water meter to Southeast Asia, specifically to Itron's manufacturing facility in Cikarang, Indonesia. This expansion aims to better serve Itron customers and meet the growing demand for the meter in Asia Pacific countries. The Aquadis+ meter is designed for long-term performance and high accuracy in measuring water volumes. It also protects utilities' revenue, enhances customer service, and reduces environmental impact. The local production in Southeast Asia will improve delivery time, minimize environmental impact, and increase pricing adaptability for Itron's customers in the region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
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Rhea-AI Summary
Itron, Inc. (NASDAQ: ITRI) will release financial results for Q4 and full year 2023 on Feb. 26, 2024. The press release and financial statements will be available on the company’s website. A management conference call will follow to discuss the results, with a live webcast and webcast replay available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.95%
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Rhea-AI Summary
Itron, Inc. (NASDAQ: ITRI) Joins Green Button Alliance to Empower Consumers and Support Decarbonization Efforts
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
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Rhea-AI Summary
Itron, Inc. (NASDAQ: ITRI) announced its financial results for Q3 2023, with revenue of $561 million, a 33% increase compared to Q3 2022. Gross profit increased by 56% to $187 million. GAAP net income was $40 million, a $36 million increase, and GAAP diluted earnings per share were $0.87, a $0.78 increase. Non-GAAP diluted EPS was $0.98, a $0.75 increase. Adjusted EBITDA increased by 181% to $68 million. Free cash flow increased by $18 million to $28 million. Total backlog increased by 3% to $4.3 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.75%
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Itron, Inc. (NASDAQ: ITRI) will participate in upcoming conferences: Baird Global Industrial Conference on Nov. 8, 2023, and Stephens Annual Investment Conference on Nov. 16, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
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Rhea-AI Summary
Itron, Inc. announced that Tampa Electric Company (TECO) is the winner of the 2023 Itron Innovator Award for leveraging Itron's partner ecosystem. TECO was recognized for its Smart Cities and Load Management programs, including the upgrade of over 200,000 streetlights to energy-efficient LED technology. TECO also utilizes Itron products for its Electric Vehicle distributed intelligence project.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
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Rhea-AI Summary
Itron, Inc. is launching Itron Enterprise Edition (IEE) Settlements, an advanced settlements solution for utilities globally. The module provides visibility into the entire energy market, addressing complexities from distributed energy resources. It offers real-time data integration, automated settlement calculations, customized reporting, scalability, regulatory compliance, and enhanced security.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
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Rhea-AI Summary
Itron, Inc. has released its 2023 Resourcefulness Insight Report on the challenges and opportunities of the energy transition. The report reveals that utilities and regulators embrace the transition, with 88% of utility executives saying it is extremely or very important. Utilities are actively implementing plans to address the transition, with 45% in the implementation stage. Key findings include public demand as the top driver of the energy transition, infrastructure upgrades and grid modernization as top technology priorities, and the need for stakeholder education.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
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Itron Inc
Nasdaq:ITRI
ITRI Rankings
ITRI Stock Data
4.92B
45.06M
0.82%
104.56%
3.07%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
United States of America
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.