ITRI - Itron: A Few Reservations As Shares Are Electrified
2024-04-09 18:35:42 ET
Summary
- Itron, Inc. operates in the infrastructure sector, providing intelligent grid edge solutions.
- The company generates two-thirds of sales from networked solutions, a fifth from device solutions, and just over ten percent from outcomes, being a key player on more complex grids.
- Despite long-term mediocre operating performance, the growth performance in 2023 and the outlook for 2024 look very solid.
Shares of Itron, Inc. ( ITRI ) have seen strong momentum recently after the company saw a strong end to 2023 and issued a decent outlook for 2024, instilling confidence among investors. The company has seen a great 2023, issued a decent outlook, and while the company is well positioned for the future, the past performance is a bit uneven....
Itron: A Few Reservations As Shares Are Electrified