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Itron

Itron Inc provides solutions that measure, manage, and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems. The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision-making and maximize operational profitability.

Itron Inc

Itron, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>), which is innovating new ways for energy providers and cities to manage energy and water, announced today a collaboration with Xcel Energy to manage the growing number of distributed energy resources (DERs) in Colorado, including residential battery energy storage, to support grid flexibility and customer choice. As part of this collaboration, Xcel Energy has contracted with Itron to deploy an <a href="https://www.globenewswire.com/Tracker?data=hfOmVZrW_eWo3SBhcNnEyzST-tI03Uqmg67Jx-ApMpSQoO9eYYabcs9WdftisdSFPgtgUrlD8nBXJ_5A5378hfQzxgwK6sQDoV3XrBV5S-Lj8da1TNk81fQZGmzr8K6FhQJnx4oQ_jlvLsLLbdTNMkHXRpg2D93HZjRlNBTfrmjDpB9soSZFK9HPeqtZATkO">Aggregator Distributed Energy Resource Management System</a> (DERMS) from Itron's Grid Edge Intelligence portfolio to help manage DERs.

News

ITRI

Itron And Xcel Energy Collaborate To Manage Growing Number Of Distributed Energy Resources in Colorado, Including Residential Battery Energy Storage, To Support Grid Flexibility And Customer Choice

Reported Earlier, Itron Partners With Water Corporation To Modernize Perth's Water Distribution System With Smart Meter Technology

Reported Earlier, Itron And TasWater Collaborate To Transform Water Metering With Cloud-Based Solution In Tasmania, Australia

Reported Earlier, Itron Deploys Advanced LV DERMS with Jemena, Addressing Grid Instability From Rooftop Solar In Australia

Innovative EV Connect Program Makes EV Charging More Accessible and Affordable for Customers
LIBERTY LAKE, Wash.&nbsp;and SAN JOSE, Calif., Nov. 13, 2024 /PRNewswire/ -- Itron, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) and Pacific Gas and Electric Company (PG&amp;E) are collaborating to make electric vehicle (EV) charging more accessible and affordable for PG&amp;E's customers.
As part of exploring ways to modernize its electric meter network, PG&amp;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 barrier for customers to charge their EV at home by avoiding the need for costly customer electric panel and service upgrades.

Itron And PG&E Collaborate To Enable Real-Time Control Of Electric Vehicle Charging With Grid Edge Intelligence

Guggenheim analyst Joseph Osha maintains Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Buy and raises the price target from $128 to $135.

Price Target

Analyst Ratings

Guggenheim Maintains Buy on Itron, Raises Price Target to $135

TD Cowen analyst Jeffrey Osborne maintains Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Buy and raises the price target from $125 to $136.

TD Cowen Maintains Buy on Itron, Raises Price Target to $136

Roth MKM analyst Chip Moore maintains Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Buy and raises the price target from $125 to $130.

Roth MKM Maintains Buy on Itron, Raises Price Target to $130

Piper Sandler analyst Kashy Harrison maintains Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Neutral and raises the price target from $110 to $119.

Piper Sandler Maintains Neutral on Itron, Raises Price Target to $119

Ratings for Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) were provided by 5 analysts in the past three months, 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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $124.4, a high estimate of $132.00, and a low estimate of $110.00. Surpassing the previous average price target of $119.50, the current average has increased by 4.1%.
<img src="https://www.benzinga.com/files/images/story/2024/1730480442_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Itron by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$124.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Ben Kallo</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$132.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Sean Milligan</td>
<td>Janney Montgomery Scott</td>
<td>Announces</td>
<td>Buy</td>
<td>$131.00</td>
<td>-</td>
</tr>
<tr>
<td>Chip Moore</td>
<td>Roth MKM</td>
<td>Maintains</td>
<td>Buy</td>
<td>$125.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Tommy Moll</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$110.00</td>
<td>$110.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Itron. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Itron compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Itron's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Itron's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ITRI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Itron analyst ratings.</a>
<h2>Get to Know Itron Better</h2>
Itron Inc provides solutions that measure, manage, and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems. The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision-making and maximize operational profitability.
<h3>Key Indicators: Itron's Financial Health</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Itron's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 12.57%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 8.43%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Itron's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 3.94%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Itron's ROA excels beyond industry benchmarks, reaching 1.72%. This signifies efficient management of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.02, caution is advised due to increased financial risk.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Itron Stock: Analyst Perspectives (5 Ratings)

Oppenheimer analyst Noah Kaye maintains Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Outperform and raises the price target from $120 to $124.

Oppenheimer Maintains Outperform on Itron, Raises Price Target to $124

Baird analyst Ben Kallo maintains Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Outperform and raises the price target from $123 to $132.

Baird Maintains Outperform on Itron, Raises Price Target to $132

WIIM

Itron shares are trading higher after the company announced better-than-expected Q3 financial results.

Earnings

Guidance

General

Itron Forecasts 2024 Sales Of $2.428B-$2.438B Versus Prior Guidance Of $2.385B-$2.415B Consensus Of $2.41B

Itron Forecasts 2024 Adjusted EPS Of $5.28-$5.38 Versus Prior Guidance Of $4.45-$4.65 Consensus Of $4.57

Itron Forecasts Q4 2024 Adjusted EPS Of $1.00-$1.10 Versus Consensus Of $1.13

Q4 2024 Outlook and Full Year 2024 Guidance Update
Outlook for the fourth quarter of 2024 is as follows:
<ul>
<li>Revenue between $600 and $610 million</li>
<li>Non-GAAP diluted EPS between $1.00 and $1.10</li>
</ul>
Itron's guidance for the full year 2024 has been updated as follows:
<ul>
<li>Revenue between $2.428 to $2.438 billion vs. prior guidance of $2.385 to $2.415 billion</li>
<li>Non-GAAP diluted EPS between $5.28 to $5.38 vs. prior guidance of $4.45 to $4.65</li>
</ul>

Itron Forecasts Q4 2024 Sales Of $600M-$610M Versus Consensus Of $595.973M

Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) reported quarterly earnings of $1.84 per share which beat the analyst consensus estimate of $1.13 by 62.83 percent. This is a 87.76 percent increase over earnings of $0.98 per share from the same period last year. The company reported quarterly sales of $615.46 million which beat the analyst consensus estimate of $595.97 million by 3.27 percent. This is a 9.75 percent increase over sales of $560.77 million the same period last year.

Itron Q3 2024 Adj EPS $1.84 Beats $1.13 Estimate, Sales $615.46M Beat $595.97M Estimate

In the latest quarter, 10 analysts provided ratings for Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>), showcasing a mix of bullish and bearish perspectives.
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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $120.0, with a high estimate of $131.00 and a low estimate of $110.00. Surpassing the previous average price target of $113.38, the current average has increased by 5.84%.
<img src="https://www.benzinga.com/files/images/story/2024/1727445647_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Itron. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sean Milligan</td>
<td>Janney Montgomery Scott</td>
<td>Announces</td>
<td>Buy</td>
<td>$131.00</td>
<td>-</td>
</tr>
<tr>
<td>Chip Moore</td>
<td>Roth MKM</td>
<td>Maintains</td>
<td>Buy</td>
<td>$125.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Tommy Moll</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$110.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Chip Moore</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Ben Kallo</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$123.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$109.00</td>
</tr>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$112.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Mark Strouse</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$112.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Chip Moore</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$122.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Joseph Osha</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Buy</td>
<td>$130.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Itron. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Itron compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Itron's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Itron's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ITRI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Itron analyst ratings.</a>
<h2>Get to Know Itron Better</h2>
Itron Inc provides solutions that measure, manage, and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems. The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision-making and maximize operational profitability.
<h3>A Deep Dive into Itron's Financials</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Itron's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 12.57%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Itron's net margin is impressive, surpassing industry averages. With a net margin of 8.43%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Itron's ROE excels beyond industry benchmarks, reaching 3.94%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Itron's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.72%, the company showcases efficient use of assets and strong financial health.
Debt Management: Itron's debt-to-equity ratio stands notably higher than the industry average, reaching 1.02. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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A Closer Look at 10 Analyst Recommendations For Itron

Janney Montgomery Scott analyst Sean Milligan initiates coverage on Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Buy rating and announces Price Target of $131.

Initiation

Janney Montgomery Scott Initiates Coverage On Itron with Buy Rating, Announces Price Target of $131

Guggenheim analyst Joseph Osha raised the firm's price target on Itron (ITRI) to $135 from $128 and keeps a Buy rating on the shares. The firm is u...

Itron price target raised to $135 from $128 at Guggenheim

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Itron (ITRI) Gets a Hold from Piper Sandler

The smart city market has strong investment potential due to urbanization, government support, emerging technologies, and sustainable solutions. Given this backdrop, investing in stocks like Johnson Controls (JCI), Itron (ITRI), and American Superconductor (AMSC) could be profitable. Keep reading... The rapid rise in urbanization and population is driving the need for sustainable and efficient city management, spurring the growth of the smart city market. Emerging technologies like IoT, AI, and machine learning are further enhancing city infrastructure, making smart cities more viable and efficient.
Given this trend, investing in key smart city stocks such as Johnson Controls International plc (<a href="https://stocknews.com/stock/JCI/">JCI</a>), Itron, Inc. (<a href="https://stocknews.com/stock/ITRI/">ITRI</a>), and American Superconductor Corporation (<a href="https://stocknews.com/stock/AMSC/">AMSC</a>) could be a smart move in driving urban modernization.
Governments are investing in smart city initiatives, including public-private partnerships, to tackle urban challenges like energy efficiency, waste management, and transportation. The U.S. Department of State's <a href="https://www.usascp.org/apply/">$3 million</a> Smart Cities Business Innovation Fund 2.0 supports MSMEs in ASEAN in developing carbon-neutral solutions, driving financing, infrastructure growth, and new business opportunities.
Also, growing concerns over pollution, waste, and energy consumption are fueling the adoption of smart solutions like smart grids and renewable energy management, with smart utility solutions, including energy and waste management, gaining traction due to rising energy demand. The global smart cities market is projected to grow from $767.75 billion in 2024 to $4.65 trillion by 2032, with a <a href="https://www.fortunebusinessinsights.com/industry-reports/smart-cities-market-100610">CAGR of 25.2%</a>.
Given these conducive trends, let's analyze the fundamental aspects of the three smart city stocks mentioned above.
Johnson Controls International plc (<a href="https://stocknews.com/stock/JCI/">JCI</a>)
Headquartered in Cork, Ireland, JCI and its subsidiaries engage in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia-Pacific, and internationally. It operates through four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia-Pacific, and Global Products.
On November 12, 2024, JCI announced expanded AI capabilities in its OpenBlue Enterprise Manager, including generative AI tools, enhanced autonomous building controls, and an improved user experience. These updates aim to boost energy efficiency, operational automation, and sustainability, paving the way for smarter, more responsive buildings.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebit.asp">EBIT</a> margin, JCI's 10.71% is 2.9% higher than the 10.41% industry average. Likewise, its 7.43% trailing-12-month net income margin is 13.8% higher than the 6.53% industry average. Furthermore, its 35.19% trailing-12-month gross profit margin is 9% higher than the 32.28% industry average.
In the fiscal fourth quarter that ended on September 30, JCI's net sales increased 6.4% year-over-year to $4.39 billion. The company's gross profit rose 15% from the prior year's quarter to $2.27 billion. Its adjusted net income attributable to JCI was $858 million, or $1.28 per share, reflecting increases of 19.3% and 21.9% year-over-year, respectively.
For the quarter ending December 31, 2024, JCI's EPS is expected to increase 16.7% year-over-year to $0.60. Its revenue for fiscal 2026 is expected to grow 4.8% year-over-year to $24.71 billion. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 59.8% to close the last trading session at $83.71.
JCI's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Momentum. Within the A-rated <a href="https://stocknews.com/category/industrial-services/">Industrial – Services</a> industry, it is ranked #43 out of 81 stocks. To see JCI's Growth, Value, Stability, Sentiment, and Quality ratings, <a href="https://stocknews.com/stock/JCI/">click here</a>.
Itron, Inc. (<a href="https://stocknews.com/stock/ITRI/">ITRI</a>)
ITRI is a technology, solutions, and services company that provides end-to-end solutions to help manage energy, water, and smart city operations worldwide. It operates through three segments: Device Solutions, Networked Solutions, and Outcomes.
On November 13, 2024, ITRI and PG&amp;E announced the EV Connect program, a pilot initiative using edge computing to make EV charging more accessible and affordable by eliminating costly panel upgrades. The program will initially support 1,000 residential customers and launch in early 2025.
On November 6, 2024, ITRI announced integrating its Intelligent Connectivity suite with FirstNet, providing utilities and cities with secure, prioritized communication for critical infrastructure. This collaboration enhances connectivity reliability, especially during emergencies, supporting mission-critical Industrial IoT use cases.
In terms of the trailing-12-month EBIT margin, ITRI's 10.64% is 103% higher than the 5.24% industry average. Its 12.92% trailing-12-month EBITDA margin is 26.9% higher than the 10.18% industry average. Additionally, its 6.70% trailing-12-month Return on Total Assets is 250.5% higher than the 1.91% industry average.
For the third quarter ended September 30, 2024, ITRI's total revenue increased 9.8% year-over-year to $615.46 million, while operating income rose 33.8% year-over-year to $78.97 million. Additionally, its non-GAAP net income attributable to ITRI and non-GAAP EPS increased by 87.7% and 87.8% to $84.25 million and $1.84, respectively, compared to the prior-year quarter.
Analysts expect ITRI's revenue for the quarter ending December 31, 2024, to increase 4.7% year-over-year to $604.56 million. Its EPS for fiscal 2024 is expected to increase 57.9% year-over-year to $5.31. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 79.3% to close the last trading session at $119.29.
It's no surprise that ITRI has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Sentiment and Quality. Within the Industrial – Services industry, it is ranked #12. Beyond what we stated above, we also have given ITRI grades for Growth, Value, Momentum, and Stability. Get all ITRI ratings <a href="https://stocknews.com/stock/ITRI/">here</a>.
American Superconductor Corporation (<a href="https://stocknews.com/stock/AMSC/">AMSC</a>)
AMSC and its subsidiaries provide megawatt-scale power resiliency solutions worldwide. The company operates through its Grid and Wind segments.
On August 5, 2024, AMSC announced its acquisition of NWL, Inc., a provider of power supplies for industrial and military customers, for $25 million in cash and stock valued at $31.40 million. The acquisition aims to expand AMSC's product offerings, enhance its military footprint, and accelerate profitable growth.
During the third quarter ended September 30, 2024, AMSC's total revenues increased by 60.2% year-over-year to $54.47 million. Likewise, the company's non-GAAP net income rose significantly year-over-year to $9.95 million, or $0.27 per share.
Street expects AMSC's EPS and revenue for the quarter ending December 31, 2024, to increase 122.2% and 44% year-over-year to $0.07 and $56.67 million, respectively. Over the past year, AMSC's stock has gained 261.7% to close the last trading session at $32.37.
AMSC's positive outlook is reflected in its POWR Ratings. It has an A grade for Growth and a B for Sentiment. It is ranked #55 out of 89 stocks in the <a href="https://stocknews.com/category/industrial-equipment/">Industrial - Equipment</a> industry. To access AMSC's rating for Value, Momentum, Stability, and Quality, <a href="https://stocknews.com/stock/AMSC/">click here</a>.
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<hr />
JCI shares were trading at $83.71 per share on Thursday morning, down $0.04 (-0.05%). Year-to-date, JCI has gained 47.58%, versus a 27.18% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/jci-itri-amsc-3-smart-city-stocks-driving-urban-modernization/>3 Smart City Stocks Driving Urban Modernization</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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Press Releases

Eastside Utility District to Modernize Water Network in Tennessee with Itron's Smart Water Solution

Itron's Intelligent Connectivity Suite Now Incorporates the FirstNet Embedded IoT Program

Commodities

Itron and PG&E Collaborate to Enable Real-Time Control of Electric Vehicle Charging with Grid Edge Intelligence

Itron's Low Voltage Distributed Energy Resource Management System to Manage Rooftop Solar Generation in Australia

Itron Works Together with TasWater to Modernize Water Meter Data Collection in Australia

Itron Marks Significant Milestone of 50th Temetra Deployment in Australia

LUMA announces contract to launch next phase of their Smart Meter Initiative

Water Distribution System in Perth Receives Upgrade with Itron's Multi-Vendor Meter Data Management Solution

Itron and Xcel Energy Collaborate to Manage Growing Number of Distributed Energy Resources in Colorado

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