Itron, Inc., a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing. The Networked Solutions segment provides a combination of communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; and associated application software for acquiring and transporting application-specific data. The Outcomes segment offers enhanced software and services for managing, organizing, analyzing, and interpreting data to enhance decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. In addition, it offers implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or customer-specific warranties. It offers its products and services under the Itron brand. The company markets its products directly through its sales force, as well as through indirect sales force consisting of distributors, sales representatives, partners, and meter manufacturer representatives to utilities and municipalities. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.
IPO Year: 1993
Exchange: NASDAQ
Website: itron.com/na
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/27/2024 | $131.00 | Buy | Janney |
| 9/5/2024 | $133.00 | Outperform | Exane BNP Paribas |
| 8/2/2024 | $115.00 → $125.00 | Buy | TD Cowen |
| 7/11/2024 | $130.00 | Neutral → Buy | Guggenheim |
| 5/21/2024 | $109.00 | Overweight → Neutral | Piper Sandler |
| 5/3/2024 | $110.00 → $115.00 | Buy | TD Cowen |
| 3/13/2024 | $107.00 → $110.00 | Outperform | TD Cowen |
| 2/27/2024 | $68.00 → $108.00 | Neutral → Outperform | Robert W. Baird |
| 2/27/2024 | $68.00 → $105.00 | Hold → Buy | Canaccord Genuity |
| 1/19/2024 | $81.00 | Perform → Outperform | Oppenheimer |
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Piper Sandler analyst Kashy Harrison maintains Itron (NASDAQ:ITRI) with a Neutral and raises the price target from $109 to $110.
Oppenheimer analyst Noah Kaye maintains Itron (NASDAQ:ITRI) with a Outperform and raises the price target from $110 to $112.
JP Morgan analyst Mark Strouse maintains Itron (NASDAQ:ITRI) with a Neutral and raises the price target from $104 to $112.
Roth MKM analyst Chip Moore maintains Itron (NASDAQ:ITRI) with a Buy and raises the price target from $112 to $122.
Throughout the last three months, 10 analysts have evaluated Itron (NASDAQ:ITRI), offering a diverse set of opinions from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 2 2 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 4 2 1 0 0 Analysts have set 12-month price targets for Itron, revealing an average target of $113.2, a high estimate of $130.00, and a low estimate of $102.00. Marking an
Guggenheim analyst Joseph Osha upgrades Itron (NASDAQ:ITRI) from Neutral to Buy and announces $130 price target.
In the latest quarter, 10 analysts provided ratings for Itron (NASDAQ:ITRI), showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 3 2 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 1 0 0 2M Ago 4 2 1 0 0 3M Ago 0 1 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Itron, presenting an average target of $110.5, a high estimate of $120.00, and a low estimate of $102.00. This current average reflects an increase of 6.48%
Canaccord Genuity analyst Austin Moeller maintains Itron (NASDAQ:ITRI) with a Buy and raises the price target from $115 to $120.
The offering size was increased from the previously announced offering size of $500 million aggregate principal amount of Notes. The Company also granted the initial purchasers of the Notes an option to purchase, for settlement during a 13-day period beginning on, and including the first day the Notes are issued, an additional $105 million aggregate principal amount of Notes. The offering is expected to settle on June 21, 2024, subject to customary closing conditions.
Janney initiated coverage of Itron with a rating of Buy and set a new price target of $131.00
Exane BNP Paribas initiated coverage of Itron with a rating of Outperform and set a new price target of $133.00
TD Cowen reiterated coverage of Itron with a rating of Buy and set a new price target of $125.00 from $115.00 previously
Guggenheim upgraded Itron from Neutral to Buy and set a new price target of $130.00
Piper Sandler downgraded Itron from Overweight to Neutral and set a new price target of $109.00
TD Cowen reiterated coverage of Itron with a rating of Buy and set a new price target of $115.00 from $110.00 previously
TD Cowen reiterated coverage of Itron with a rating of Outperform and set a new price target of $110.00 from $107.00 previously
Robert W. Baird upgraded Itron from Neutral to Outperform and set a new price target of $108.00 from $68.00 previously
Canaccord Genuity upgraded Itron from Hold to Buy and set a new price target of $105.00 from $68.00 previously
Oppenheimer upgraded Itron from Perform to Outperform and set a new price target of $81.00
Innovative EV Connect Program Makes EV Charging More Accessible and Affordable for Customers LIBERTY LAKE, Wash. and SAN JOSE, Calif., Nov. 13, 2024 /PRNewswire/ -- Itron, Inc. (NASDAQ:ITRI) and Pacific Gas and Electric Company (PG&E) are collaborating to make electric vehicle (EV) charging more accessible and affordable for PG&E's customers. As part of exploring ways to modernize its electric meter network, PG&E is working with Itron on a customer-focused pilot to develop and test the management of EV charging loads in real-time, with the goal of significantly lowering the b
LIBERTY LAKE, Wash., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced the integration of Itron's Intelligent Connectivity suite with FirstNet®, Built with AT&T, the only nationwide, high-speed broadband communications platform dedicated to and purpose-built for America's first responders and the extended public safety community. Itron has completed integrating an initial round of cellular-enabled products with FirstNet, with more to come. Itron's participation in the FirstNet Embedded IoT Program further enhances the reliability and resiliency of Itron's network offering, providing prior
LIBERTY LAKE, Wash., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced that Eastside Utility District (EUD), a water provider serving Tennessee, is deploying Itron's Smart Water Solutions to enhance operations and modernize its water network. The project, which is in the final phase of deployment, has allowed the utility to collect accurate meter reads, enhance revenue assurance and provide transparent communication with their customers. EUD is deploying a cellular Advanced Metering Infrastructure (AMI) network and Temetra®, Itron's cutting-edge cloud-based data collection and management
LIBERTY LAKE, Wash., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, has added Verizon Network Continuity solutions to Itron's Intelligent Connectivity suite with multi-network embedded SIM (eSIM) technology. This collaboration enables more reliable and resilient communications across broader geographies. Utilities serving customers in remote areas often face challenges with variable network coverage. To address this, Itron worked with Verizon to develop an eSIM solution, leveraging the widely adopted mobile broadband standard set by the 3rd Generation Partnership Project (3GPP) and eSIM global
LIBERTY LAKE, Wash., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced a collaboration with Cielis, a consortium of Dalkia Electrotechnics and a subsidiary of Eiffage, to continue Itron's management of the City of Paris' nearly 200,000 smart streetlights across the city. With Itron's CityEdge portfolio, Cielis will manage the streetlights on behalf of the city to help reduce energy usage and improve the performance and reliability of the streetlights while enabling the city to increase sustainability, drive innovation and protect biodiversity. With this contract, Itron is extending i
LIBERTY LAKE, Wash., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its third quarter ended September 30, 2024. Key results for the quarter include (compared with the third quarter of 2023): Revenue of $615 million, increased 10%;Gross profit of $210 million, increased 12%;GAAP net income attributable to Itron, Inc. of $78 million, increased $38 million;GAAP diluted earnings per share of $1.70, increased $0.83 per share;Non-GAAP diluted EPS of $1.84, increased $0.86 per share;Adjusted EBITDA of $89 million, increased 29%; andFree cash flow of $59 million, increased
LIBERTY LAKE, Wash., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, is unveiling its CityEdge portfolio, which brings together IoT technologies to solve real-city challenges today, while preparing cities for the future. With CityEdge, Itron is rebranding its proven smart city and smart lighting solutions and providing an open, flexible platform upon which cities can build. CityEdge addresses challenges and opportunities in five fundamental areas within the city and municipal space: smart lighting; traffic and highways; environment and sustainability; public safety; and energy, water and utilitie
LIBERTY LAKE, Wash., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today that it will participate in the following upcoming conferences: Baird Global Industrial Conference, Nov. 12, 2024, Chicago – Joan Hooper, senior vice president and chief financial officer, will participate in a fireside chat and investor meetings.Stephens Annual Investment Conference, Nov. 20, 2024, Nashville – John Marcolini, senior vice president for Networked Solutions will participate in a fireside chat and investor meetings. About Itron Itron is a proven global leader in energy, water, smart city, IIoT and
LIBERTY LAKE, Wash., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will release financial results for the quarter ended Sept. 30, 2024 before the opening of market on Thursday, Oct. 31, 2024. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on Oct. 31, 2024 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed
LIBERTY LAKE, Wash., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, today unveiled its Grid Edge Essentials solution, an industry-leading, pre-integrated, real-time solution to address the foundational issues utilities face at the grid edge and accelerate the energy transition. With Grid Edge Essentials, Itron simplifies and streamlines the adoption of new technologies, dramatically accelerating time to value by providing distribution grid visibility all the way to the grid edge and enhancing consumer engagement. Electric utilities today are faced with challenges ranging from aging infrastruc
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LIBERTY LAKE, Wash., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its third quarter ended September 30, 2024. Key results for the quarter include (compared with the third quarter of 2023): Revenue of $615 million, increased 10%;Gross profit of $210 million, increased 12%;GAAP net income attributable to Itron, Inc. of $78 million, increased $38 million;GAAP diluted earnings per share of $1.70, increased $0.83 per share;Non-GAAP diluted EPS of $1.84, increased $0.86 per share;Adjusted EBITDA of $89 million, increased 29%; andFree cash flow of $59 million, increased
LIBERTY LAKE, Wash., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will release financial results for the quarter ended Sept. 30, 2024 before the opening of market on Thursday, Oct. 31, 2024. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on Oct. 31, 2024 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed
LIBERTY LAKE, Wash., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its second quarter ended June 30, 2024. Key results for the quarter include (compared with the second quarter of 2023): Revenue of $609 million, increased 13%;Gross profit of $210 million, increased 21%;GAAP net income attributable to Itron, Inc. of $51 million, increased $27 million;GAAP diluted earnings per share of $1.10, increased $0.57 per share;Non-GAAP diluted EPS of $1.21, increased $0.56 per share;Adjusted EBITDA of $77 million, increased 56%; andFree cash flow of $45 million, increa
LIBERTY LAKE, Wash., July 11, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will release financial results for the quarter ended June 30, 2024 before the opening of market on Thursday, Aug. 1, 2024. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on Aug. 1, 2024 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed fro
LIBERTY LAKE, Wash., May 02, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its first quarter ended March 31, 2024. Key results for the quarter include (compared with the first quarter of 2023): Revenue of $603 million, increased 22%;Gross profit of $205 million, increased 31%;GAAP net income attributable to Itron, Inc. of $52 million, increased $64 million;GAAP diluted earnings per share of $1.12, increased $1.38 per share;Non-GAAP diluted EPS of $1.24, increased $0.75 per share;Adjusted EBITDA of $76 million, increased 94%; andFree cash flow of $34 million, increased $4
Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will release financial results for the quarter ended March 31, 2024 before the opening of market on Thursday, May 2, 2024. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on May 2, 2024 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company's website at https://investors.itron.com/e
Acquisition to Help Accelerate the Energy Transition with Grid Planning, Operations and Engineering Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today it is expanding its Grid Edge Intelligence portfolio through the acquisition of Elpis Squared, an innovative provider of software and services for utility grid operations, effective immediately. Founded in 2013 and headquartered in Newport Beach, CA, Elpis Squared is modernizing the electric distribution grid by providing innovative, cost-effective management and optimization solutions to utilities. The acquisition will strengthen and complement Itron's solutions, a
Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced financial results for its fourth quarter and full year ended Dec. 31, 2023. Key results for the quarter and full year include (compared with the fourth quarter and full year of 2022): Revenue of $577 million and $2.2 billion, increased 23% and 21%; Gross profit of $196 million and $714 million, increased 39% and 37%; GAAP net income attributable to Itron, Inc. of $44 million and $97 million, increased $22 million and $107 million; GAAP diluted earnings per share of $0.96 and $2.11, increased $0.47 and $2.33; Non-GAAP diluted EPS of $1.23 and $3.36, increased
Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today that it will release financial results for the fourth quarter and full year ended Dec. 31, 2023 before the opening of market on Monday, Feb. 26, 2024. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on Feb. 26, 2024 at 8:30 a.m. EST followed by the management conference call at 10 a.m. EST to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company's website at https://investo
Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its third quarter ended September 30, 2023. Key results for the quarter include (compared with the third quarter of 2022): Revenue of $561 million, increased 33%; Gross profit of $187 million, increased 56%; GAAP net income of $40 million, increased $36 million; GAAP diluted earnings per share of $0.87, increased $0.78 per share; Non-GAAP diluted EPS of $0.98, increased $0.75 per share; Adjusted EBITDA of $68 million, increased 181%; Free cash flow of $28 million, increased $18 million; and Total backlog of $4.3 billion increased
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LIBERTY LAKE, Wash., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced the integration of Itron's Intelligent Connectivity suite with FirstNet®, Built with AT&T, the only nationwide, high-speed broadband communications platform dedicated to and purpose-built for America's first responders and the extended public safety community. Itron has completed integrating an initial round of cellular-enabled products with FirstNet, with more to come. Itron's participation in the FirstNet Embedded IoT Program further enhances the reliability and resiliency of Itron's network offering, providing prior
Bangladesh Rural Electrification Board to Deploy Itron Solution to Improve Operational Efficiency and Customer Service Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced that Bangladesh Rural Electrification Board (BREB), a government organization and the largest power distributor in Bangladesh, has selected Itron to provide its Advanced Metering Infrastructure (AMI) solution as the foundational technology to build a more resilient grid. This project supports a sustainable future in Bangladesh by helping to modernize BREB's distribution system. Included, BREB can empower its customers through greater visibility and contro
Technology Executive Brings More Than 30 Years of Expertise in Cybersecurity, Data Protection and Customer Service Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today the appointment of Sanjay Mirchandani, CEO of Commvault, to its board of directors, effective July 18, 2023. Mirchandani has more than 30 years of experience in cybersecurity, data protection, customer service and technology, most recently as CEO of Commvault, the recognized leader in data backup and recovery. Since joining Commvault, Mirchandani has innovated Commvault's industry-recognized portfolio, launching Metallic, an award-winning SaaS offering, and s
Finance Executive Brings More Than 30 Years of Energy Industry Expertise Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today the appointment of Mary Hemmingsen, an energy and infrastructure industry executive with deep utility industry expertise, to its board of directors, effective Oct. 7. Hemmingsen brings more than 30 years of expertise in finance, asset management, project delivery, business development and governance. Since 2017, she has served in a variety of executive advisory roles for energy industry organizations as well as board roles. From 2013 to 2017, Hemmingsen was a global partner and gas, power and utilities
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today the appointment of Santiago Perez, a senior advisor at Arsenal Capital Partners and former executive at Schneider Electric, to its board of directors, effective June 1. Perez brings nearly 35 years of sales, product management and service operations experience in high-tech industries, including the energy, building automation and industrial automation sectors. Prior to his engagement with Arsenal, Perez served as chief commercial digital officer and senior vice president of U.S. services and solutions at Schneider Electric fro