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Itron (ITRI) Augments Portfolio With Elpis Squared Buyout
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Itron Inc. (ITRI - Free Report) recently announced the buyout of Elpis Squared to leverage energy utilization for its grid edge intelligence technology. The acquisition is expected to harness the transformation of energy by allowing utilities to maximize and manage energy distribution more efficiently.
Headquartered in Newport Beach, CA, Elpis Squared revolutionizes the modern grid through innovative, economical management and sustainable solutions that help customers achieve real-time grid edge data integration, faster system implementation and improved data accuracy. Its proficiency in grid planning, operations and engineering, coupled with Itron’s Grid Edge Intelligence portfolio, is likely to boost energy infrastructure usage for the targeted customers.
As the need for a seamless voltage network increases for the utilities, the integration is likely to give deeper insights for more authentic distribution grid modeling and analysis with improved performance metrics for the grid edge.
By incorporating Elpis Squared’s RE|Grid Suite into Itron’s Grid Edge Intelligence solutions, utilities can optimize the value of existing investments comprising key use cases, such as Integrated Grid Planning. This is likely to boost modeling and grid edge analytics and deliver an end-to-end solution for seamless grid edge scenario planning. With Streamlined Scenario Planning and Impact Studies, frequent experiments can be conducted to minimize errors in forecast planning, leading to increased carbon reduction.
Improved Asset Planning is likely to safeguard transformer performance, extending capital investment life and cutting down on the operation and maintenance costs. Furthermore, integrating the power of Elpis Squared’s RE|Grid Model Validator and Service Optimizer with Itron’s Grid Edge Intelligence solutions enhances the prevention of wildfire and mitigation efforts.
With the buyout, Itron is likely to address the growing concern for sustainable and efficient utilization of energy resources in today’s economy. As the world deliberately moves toward the consumption of renewable energy sources, the initiative bodes well with investors and the core customers at large, who are increasingly valuing corporate environmental responsibility. Apart from these, key acquisition is also expected to give the company a competitive edge in the electronics market. All these factors are likely to cushion the margin performance in the upcoming quarters.
The stock has gained 72% over the past year compared with the industry’s rise of 14.3%
Image Source: Zacks Investment Research
Zacks Rank & Other Stocks to Consider
Itron currently carries a Zacks Rank #2 (Buy).
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1 (Strong Buy), delivered a trailing four-quarter average earnings surprise of 20.18%. In the last reported quarter, it delivered an earnings surprise of 13.41%. You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
InterDigital, Inc. (IDCC - Free Report) , carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 170.50%. In the last reported quarter, it delivered an earnings surprise of 16.53%.
IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
Ubiquiti Inc. (UI - Free Report) , carrying a Zacks Rank #2 at present, is a key pick in the broader industry. Headquartered in New York, it offers a comprehensive portfolio of networking products and solutions for service providers and enterprises at disruptive prices.
It boasts a proprietary network communication platform that is well-equipped to meet end-market customer needs. In addition, it is committed to reducing operational costs by using a self-sustaining mechanism for rapid product support and dissemination of information by leveraging the strength of the Ubiquiti Community.
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Itron (ITRI) Augments Portfolio With Elpis Squared Buyout
Itron Inc. (ITRI - Free Report) recently announced the buyout of Elpis Squared to leverage energy utilization for its grid edge intelligence technology. The acquisition is expected to harness the transformation of energy by allowing utilities to maximize and manage energy distribution more efficiently.
Headquartered in Newport Beach, CA, Elpis Squared revolutionizes the modern grid through innovative, economical management and sustainable solutions that help customers achieve real-time grid edge data integration, faster system implementation and improved data accuracy. Its proficiency in grid planning, operations and engineering, coupled with Itron’s Grid Edge Intelligence portfolio, is likely to boost energy infrastructure usage for the targeted customers.
As the need for a seamless voltage network increases for the utilities, the integration is likely to give deeper insights for more authentic distribution grid modeling and analysis with improved performance metrics for the grid edge.
By incorporating Elpis Squared’s RE|Grid Suite into Itron’s Grid Edge Intelligence solutions, utilities can optimize the value of existing investments comprising key use cases, such as Integrated Grid Planning. This is likely to boost modeling and grid edge analytics and deliver an end-to-end solution for seamless grid edge scenario planning. With Streamlined Scenario Planning and Impact Studies, frequent experiments can be conducted to minimize errors in forecast planning, leading to increased carbon reduction.
Improved Asset Planning is likely to safeguard transformer performance, extending capital investment life and cutting down on the operation and maintenance costs. Furthermore, integrating the power of Elpis Squared’s RE|Grid Model Validator and Service Optimizer with Itron’s Grid Edge Intelligence solutions enhances the prevention of wildfire and mitigation efforts.
With the buyout, Itron is likely to address the growing concern for sustainable and efficient utilization of energy resources in today’s economy. As the world deliberately moves toward the consumption of renewable energy sources, the initiative bodes well with investors and the core customers at large, who are increasingly valuing corporate environmental responsibility. Apart from these, key acquisition is also expected to give the company a competitive edge in the electronics market. All these factors are likely to cushion the margin performance in the upcoming quarters.
The stock has gained 72% over the past year compared with the industry’s rise of 14.3%
Image Source: Zacks Investment Research
Zacks Rank & Other Stocks to Consider
Itron currently carries a Zacks Rank #2 (Buy).
NVIDIA Corporation (NVDA - Free Report) , currently sporting a Zacks Rank #1 (Strong Buy), delivered a trailing four-quarter average earnings surprise of 20.18%. In the last reported quarter, it delivered an earnings surprise of 13.41%. You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
InterDigital, Inc. (IDCC - Free Report) , carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 170.50%. In the last reported quarter, it delivered an earnings surprise of 16.53%.
IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
Ubiquiti Inc. (UI - Free Report) , carrying a Zacks Rank #2 at present, is a key pick in the broader industry. Headquartered in New York, it offers a comprehensive portfolio of networking products and solutions for service providers and enterprises at disruptive prices.
It boasts a proprietary network communication platform that is well-equipped to meet end-market customer needs. In addition, it is committed to reducing operational costs by using a self-sustaining mechanism for rapid product support and dissemination of information by leveraging the strength of the Ubiquiti Community.