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Itron's (ITRI) Online Marketplace Augments Its Product Portfolio
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Itron, Inc. (ITRI - Free Report) recently rolled out its online Partner Solution Marketplace, where for the first time, Itron’s existing and prospective customers can gain direct access to cutting-edge,proven and secure solutions from third parties, streamlining the process of identifying the correct solution.
The Partner Solution Marketplace enhances and extends the solutions found in Itron’s product portfolio. The product catalog now features state-of-the-art and emerging field-ready solutions such as smart city technologies and Distributed Intelligence (DI) applications to boost consumer energy awareness and enable more efficient management of appliances, solar generation and electric vehicle charging. The catalog also enables diverse use cases, including demand response, distribution automation, distributed energy management, gas, water, smart cities, and smart lighting.
Visitors can explore the catalog for products by solution type, industry, supported connectivity models and regional availability. Thus, by leveraging the power of the marketplace, visitors can search for solutions that drive the future of energy, water and smart cities. Moreover, the partner ecosystem will help customers rev up the modernization of utilities and enable them to revamp their business to deliver enhanced customer service, safety and reliability.
Per Itron, the marketplace will continue to evolve as the company will include more tested solutions and new partners, allowing its customers to gain value by getting access to innovative solutions from a robust, diverse and mature partner ecosystem.
Opportunities Bright for Itron
Headquartered in Liberty Lake, WA, Itron is one of the prominent suppliers of a wide array 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 has been consistently working toward expanding its global presence, taking advantage of reliable and efficient solutions in the utility sector. Moreover, the company collaborates with technology innovators, consultants, service providers and channel partners to deliver meaningful outcomes for smart utilities and cities in its quest to build a more resourceful world.
Recently, Itron entered into a contract with CenterPoint Energy, Inc. to deploy 3 million Itron Intelis natural gas ultrasonic smart meters for modernizing the latter’s natural gas distribution system. Per the contract, CenterPoint will leverage Itron’s smart natural gas metering solution to improve safety and service for its customers while enhancing its distribution system’s reliability and efficiency.
Prior to that, Itron joined forces with Emerson to offer reliable thermostats as part of its Bring Your Own Device (BYOD), direct install demand response (DR) and distributed energy resource (DER) programs. Per the alliance, Emerson’s Sensi thermostats will join Itron’s ecosystem of third-party devices for its BYOD and direct install DR programs. Also, Itron’s newly-developed IntelliSOURCE-powered DER Optimizer solution will be used in conjunction with Emerson’s Sensi thermostats for BYOD and direct installs programs. This will give consumers hold over their energy usage through the Sensi app or the utility’s mobile app, thereby helping them lower their energy footprint.
Shares of ITRI have plunged 43.5% compared with the industry’s fall of 11.4% in the past year.
Image Source: Zacks Investment Research
Key Picks
Some better-ranked stocks from the broader technology space include Bel Fuse (BELFB - Free Report) , American Software (AMSWA - Free Report) and Iridium Communications (IRDM - Free Report) . While Bel Fuse sports a Zacks Rank of 1, American Software and Iridium carry a Zacks Rank #2 (Buy).
Bel Fuse has a projected earnings growth rate of 3.65% for 2023. The Zacks Consensus Estimate for Bel Fuse’s 2023 earnings has remained unchanged in the past 30 days.
Bel Fuse’s first-quarter 2022 earnings per share are estimated at 22 cents, suggesting year-over-year growth of 195.65%. Shares of BELFB have dropped 15.2% in the past year.
American Software has a projected earnings growth rate of 24.24% for fiscal 2022. The Zacks Consensus Estimate for American Software’s fiscal 2022 earnings has been revised upward by 4 cents in the past 60 days.
American Software’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average surprise being 92.14%. Shares of AMSWA have declined 5.5% in the past year.
Iridium has a projected earnings growth rate of 157.14% for 2022. The Zacks Consensus Estimate for Iridium’s 2022 earnings has been revised upward by 2 cents in the past 60 days.
Iridium’s earnings beat the Zacks Consensus Estimate in two of the last four quarters and met the same twice, the average surprise being 39.4%. Shares of IRDM have dropped 0.7% in the past year.
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Itron's (ITRI) Online Marketplace Augments Its Product Portfolio
Itron, Inc. (ITRI - Free Report) recently rolled out its online Partner Solution Marketplace, where for the first time, Itron’s existing and prospective customers can gain direct access to cutting-edge,proven and secure solutions from third parties, streamlining the process of identifying the correct solution.
The Partner Solution Marketplace enhances and extends the solutions found in Itron’s product portfolio. The product catalog now features state-of-the-art and emerging field-ready solutions such as smart city technologies and Distributed Intelligence (DI) applications to boost consumer energy awareness and enable more efficient management of appliances, solar generation and electric vehicle charging. The catalog also enables diverse use cases, including demand response, distribution automation, distributed energy management, gas, water, smart cities, and smart lighting.
Visitors can explore the catalog for products by solution type, industry, supported connectivity models and regional availability. Thus, by leveraging the power of the marketplace, visitors can search for solutions that drive the future of energy, water and smart cities. Moreover, the partner ecosystem will help customers rev up the modernization of utilities and enable them to revamp their business to deliver enhanced customer service, safety and reliability.
Per Itron, the marketplace will continue to evolve as the company will include more tested solutions and new partners, allowing its customers to gain value by getting access to innovative solutions from a robust, diverse and mature partner ecosystem.
Opportunities Bright for Itron
Headquartered in Liberty Lake, WA, Itron is one of the prominent suppliers of a wide array 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 has been consistently working toward expanding its global presence, taking advantage of reliable and efficient solutions in the utility sector. Moreover, the company collaborates with technology innovators, consultants, service providers and channel partners to deliver meaningful outcomes for smart utilities and cities in its quest to build a more resourceful world.
Recently, Itron entered into a contract with CenterPoint Energy, Inc. to deploy 3 million Itron Intelis natural gas ultrasonic smart meters for modernizing the latter’s natural gas distribution system. Per the contract, CenterPoint will leverage Itron’s smart natural gas metering solution to improve safety and service for its customers while enhancing its distribution system’s reliability and efficiency.
Prior to that, Itron joined forces with Emerson to offer reliable thermostats as part of its Bring Your Own Device (BYOD), direct install demand response (DR) and distributed energy resource (DER) programs. Per the alliance, Emerson’s Sensi thermostats will join Itron’s ecosystem of third-party devices for its BYOD and direct install DR programs. Also, Itron’s newly-developed IntelliSOURCE-powered DER Optimizer solution will be used in conjunction with Emerson’s Sensi thermostats for BYOD and direct installs programs. This will give consumers hold over their energy usage through the Sensi app or the utility’s mobile app, thereby helping them lower their energy footprint.
Itron currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of ITRI have plunged 43.5% compared with the industry’s fall of 11.4% in the past year.
Image Source: Zacks Investment Research
Key Picks
Some better-ranked stocks from the broader technology space include Bel Fuse (BELFB - Free Report) , American Software (AMSWA - Free Report) and Iridium Communications (IRDM - Free Report) . While Bel Fuse sports a Zacks Rank of 1, American Software and Iridium carry a Zacks Rank #2 (Buy).
Bel Fuse has a projected earnings growth rate of 3.65% for 2023. The Zacks Consensus Estimate for Bel Fuse’s 2023 earnings has remained unchanged in the past 30 days.
Bel Fuse’s first-quarter 2022 earnings per share are estimated at 22 cents, suggesting year-over-year growth of 195.65%. Shares of BELFB have dropped 15.2% in the past year.
American Software has a projected earnings growth rate of 24.24% for fiscal 2022. The Zacks Consensus Estimate for American Software’s fiscal 2022 earnings has been revised upward by 4 cents in the past 60 days.
American Software’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average surprise being 92.14%. Shares of AMSWA have declined 5.5% in the past year.
Iridium has a projected earnings growth rate of 157.14% for 2022. The Zacks Consensus Estimate for Iridium’s 2022 earnings has been revised upward by 2 cents in the past 60 days.
Iridium’s earnings beat the Zacks Consensus Estimate in two of the last four quarters and met the same twice, the average surprise being 39.4%. Shares of IRDM have dropped 0.7% in the past year.