Itron, Inc. (ITRI)

In the past six months, Itron's stock has decreased by 27.58%. Third-quarter 2025 results showed a revenue decline of 5% year-over-year due to project deployment delays and portfolio optimization, although non-GAAP diluted EPS surpassed analyst estimates. Itron announced the acquisition of Locusview for $525 million to bolster its high-margin Outcomes segment. Analyst ratings have shifted, with downgrades to "Hold" by Wall Street Zen and Baird R W, and an upgrade to "Buy" by Johnson Rice. Insider selling activity was also noted.

Direct information detailing the recurring seasonal demand patterns for Itron, Inc.'s products and services is not readily available. Project timing and lower North American water volumes have impacted near-term revenue and legacy electricity product sales, but these are not explicitly linked to seasonality.

Itron, Inc. is an American technology and services company specializing in energy and water resource management and smart city operations. It operates in the technology and utilities sectors, specifically in the Electronic Equipment, Instruments and Components industry, and is a leader in the Industrial Internet of Things (IIoT) within the utility sector. Itron's portfolio includes smart meters, advanced metering infrastructure, communication networks, cloud-based software-as-a-service, remote streetlight monitoring, and revenue cycle management. The company provides intelligent endpoints, system integration, consulting, and managed services. Itron's business model is shifting from hardware sales to providing recurring software and services.

Itron maintains a global presence, serving over 8,000 customers in more than 100 countries. The company has locations across the globe, including in the United States, Japan, France, and the U.K. It provides solutions to electricity, gas, and water utilities across various regions, including North America, Europe, the Middle East, Africa, Latin America, and the Asia-Pacific regions.

Itron is recognized as a leader in foundational technology for the IIoT within the utility sector and holds a top-tier position in North America for smart meter deployments. The company is known for its contributions to clean energy manufacturing and innovation and is a founding member of the Smart Cities Council. Challenges include muted sales growth and softer bookings, raising concerns about execution. Risks include potential customer relationship issues, the inability to secure new contracts, and product quality concerns. The Q3 2025 revenue miss led to a significant stock price drop, impacting brand perception.

Itron, Inc.'s ownership is predominantly held by institutional investors, who collectively own approximately 96.19% to 98.80% of the company's stock. Major institutional shareholders include BlackRock, Inc., The Vanguard Group, Inc., State Street Global Advisors, Inc., and Invesco Ltd. Scopia Capital Management LP is identified as the largest individual Itron shareholder, holding 18.34% of the company's shares. Individual insiders hold a smaller percentage, around 1.06% to 1.51% of the stock.