We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Itron (ITRI) DER Optimizer Solution Adopted by Duke Energy
Read MoreHide Full Article
Itron’s (ITRI - Free Report) IntelliSOURCE-powered DER Optimizer solution is being implemented by Florida-based Duke Energy to operate a new managed Electronic Vehicles (or “EV”) charging program.
Duke Energy will deploy the DER Optimizer solution in the first quarter of 2022 and use it for the next four years. Duke Energy will be able to gather permitted EV charging session data (almost real time) and obtain vital insights into residential EV charging behavior over the next four years by utilizing the DER Optimizer solution.
Itron further stated that the program would identify and offer credits for EV owners to charge their vehicles during off-peak hours. Itron’s DER Optimizer solution will help Duke Energy gauge the dynamics of supply and demand of EV-charging residential consumers in Florida and ascertain good practices for the residential EV Off Peak program, added the company.
Itron is also merging with the Rolling Energy Resources’ EV telematics platform. The platform can connect to cars through their built-in Application Programming Interfaces or APIs, thereby eliminating the need for additional hardware and charging stations. This results in easier onboarding of clients and their cars into the EV program, noted Itron.
Opportunities Galore in the Utility Sector For Itron
Itron is one of the leading suppliers of a wide selection of standard, advanced and smart meters and meter communication systems, including networks and communication modules, sensors, data analytics and services and software devices globally.
Itron is working toward expanding its worldwide presence, taking leverage of reliable and efficient solutions in the utility sector. Itron announced that it would deploy its Temetra mobile meter data collection system and its fixed network solution to upgrade Consolidated Utility District’s (or “CUD”) advanced metering infrastructure and provide other enhanced capabilities, including leak detection. The project will commence in the first quarter of 2022 and is expected to become operational this summer.
Temetra is also being implemented by Ireland’s electricity distribution network operator — Electricity Supply Board Networks or ESB Networks. Itron’s Temetra will help ESB Networks to enhance meter data management by reading more than 1.75 million meters across its service territory and boosting operational optimization.
However, the company is facing component shortages that are offsetting robust customer demand. Sluggishness in the Device Solutions and Networked Solutions segment was a major concern. In the last reported quarter, revenues of $485.6 million declined 7.5% year over year.
Itron currently has a Zacks Rank #3 (Hold). Shares of ITRI have lost 38.4% against the industry’s rise of 2.8% in the past year.
The Zacks Consensus Estimate for Broadcom’s fiscal 2022 earnings is pegged at $35.49 per share. The long-term earnings growth rate of AVGO is pegged at 14.5%.
Broadcom’s earnings beat the Zacks Consensus Estimate in all the preceding four quarters, the average being 1.9%. Shares of AVGO have increased 33.7% in the past year.
The Zacks Consensus Estimate for Apple’s fiscal 2022 earnings is pegged at $6.16 per share. The long-term earnings growth rate is pegged at 12.5%.
Apple’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average being 20.3%. Shares of AAPL have rallied 40.5% in the past year.
The Zacks Consensus Estimate for Texas Instruments’ 2022 earnings is pegged at $9.09 per share. The long-term earnings growth rate is 9.3%.
Texas Instruments’ earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average being 12.4%. Shares of TXN are up 1.9% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Itron (ITRI) DER Optimizer Solution Adopted by Duke Energy
Itron’s (ITRI - Free Report) IntelliSOURCE-powered DER Optimizer solution is being implemented by Florida-based Duke Energy to operate a new managed Electronic Vehicles (or “EV”) charging program.
Duke Energy will deploy the DER Optimizer solution in the first quarter of 2022 and use it for the next four years. Duke Energy will be able to gather permitted EV charging session data (almost real time) and obtain vital insights into residential EV charging behavior over the next four years by utilizing the DER Optimizer solution.
Itron further stated that the program would identify and offer credits for EV owners to charge their vehicles during off-peak hours. Itron’s DER Optimizer solution will help Duke Energy gauge the dynamics of supply and demand of EV-charging residential consumers in Florida and ascertain good practices for the residential EV Off Peak program, added the company.
Itron is also merging with the Rolling Energy Resources’ EV telematics platform. The platform can connect to cars through their built-in Application Programming Interfaces or APIs, thereby eliminating the need for additional hardware and charging stations. This results in easier onboarding of clients and their cars into the EV program, noted Itron.
Itron, Inc. Price and Consensus
Itron, Inc. price-consensus-chart | Itron, Inc. Quote
Opportunities Galore in the Utility Sector For Itron
Itron is one of the leading suppliers of a wide selection of standard, advanced and smart meters and meter communication systems, including networks and communication modules, sensors, data analytics and services and software devices globally.
Itron is working toward expanding its worldwide presence, taking leverage of reliable and efficient solutions in the utility sector. Itron announced that it would deploy its Temetra mobile meter data collection system and its fixed network solution to upgrade Consolidated Utility District’s (or “CUD”) advanced metering infrastructure and provide other enhanced capabilities, including leak detection. The project will commence in the first quarter of 2022 and is expected to become operational this summer.
Temetra is also being implemented by Ireland’s electricity distribution network operator — Electricity Supply Board Networks or ESB Networks. Itron’s Temetra will help ESB Networks to enhance meter data management by reading more than 1.75 million meters across its service territory and boosting operational optimization.
However, the company is facing component shortages that are offsetting robust customer demand. Sluggishness in the Device Solutions and Networked Solutions segment was a major concern. In the last reported quarter, revenues of $485.6 million declined 7.5% year over year.
Itron currently has a Zacks Rank #3 (Hold). Shares of ITRI have lost 38.4% against the industry’s rise of 2.8% in the past year.
Stocks to Consider
Some better-ranked stocks worth considering from the broader technology sector are Broadcom (AVGO - Free Report) , Apple (AAPL - Free Report) and Texas Instruments (TXN - Free Report) . Texas Instruments sports a Zacks Rank #1 (Strong Buy), while Broadcom and Apple carry a Zacks Rank of 2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Broadcom’s fiscal 2022 earnings is pegged at $35.49 per share. The long-term earnings growth rate of AVGO is pegged at 14.5%.
Broadcom’s earnings beat the Zacks Consensus Estimate in all the preceding four quarters, the average being 1.9%. Shares of AVGO have increased 33.7% in the past year.
The Zacks Consensus Estimate for Apple’s fiscal 2022 earnings is pegged at $6.16 per share. The long-term earnings growth rate is pegged at 12.5%.
Apple’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average being 20.3%. Shares of AAPL have rallied 40.5% in the past year.
The Zacks Consensus Estimate for Texas Instruments’ 2022 earnings is pegged at $9.09 per share. The long-term earnings growth rate is 9.3%.
Texas Instruments’ earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average being 12.4%. Shares of TXN are up 1.9% in the past year.