2024-07-17 09:06:40 ET
Summary
- Itron's smart energy and resources management system is growing customer demand around the world this year.
- The company's strong momentum has pulled it out of a slump that occurred from 2021-2022.
- Its stock prices have been handsomely rewarded by the investors, up by 50% in less than a year.
- Both its backlog breakdown and the inventory suggest that it can maintain its current top-line level but perhaps not higher.
- Its stock is fairly valued at its historic average.
Investment Thesis
Company Overview
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Itron: Smart Growth Depends On Smart Grid Control