Itron Inc. (NASDAQ:ITRI) is one of the 10 technology stocks offering more than 50% upside.
On May 26, Itron Inc. (NASDAQ:ITRI) announced the expansion of its strategic collaboration with Hunter Water. The purpose of this partnership is to help accelerate the utility’s digital water transformation through its formalized Digital Metering Pilot Program. It uses advanced data tracking to reduce non-revenue water loss and radically improve water network management.
Copyright: kosmos111 / 123RF Stock Photo
At the same time, the program makes it possible for consumer-side consumption transparency to boost long-term conservation initiatives. Itron Intelis wSource NB-IoT ultrasonic water meters are specifically integrated as part of the utility’s deployment of a diversified ****** et mix as a core operational phase. Additionally, these deployed devices will be managed through Temetra, Itron’s cloud-based, multi-vendor, multi-commodity meter data management solution, which is already in use by the utility.
Apart from these recent developments, ****** yst ratings also indicate promising prospects for the stock. Back on April 29, Roth Capital ****** yst Chip Moore updated his view of Itron Inc. (NASDAQ:ITRI) after the company reported its first quarter earnings and shared a lower second quarter forecast relative to market consensus. Moore maintained his Buy rating on the shares. He decreased the firm’s price target from $150 to $136, which still results in an upside potential of almost 65%.
On May 26, Itron Inc. (NASDAQ:ITRI) announced the expansion of its strategic collaboration with Hunter Water. The purpose of this partnership is to help accelerate the utility’s digital water transformation through its formalized Digital Metering Pilot Program. It uses advanced data tracking to reduce non-revenue water loss and radically improve water network management.
Copyright: kosmos111 / 123RF Stock Photo
At the same time, the program makes it possible for consumer-side consumption transparency to boost long-term conservation initiatives. Itron Intelis wSource NB-IoT ultrasonic water meters are specifically integrated as part of the utility’s deployment of a diversified ****** et mix as a core operational phase. Additionally, these deployed devices will be managed through Temetra, Itron’s cloud-based, multi-vendor, multi-commodity meter data management solution, which is already in use by the utility.
Apart from these recent developments, ****** yst ratings also indicate promising prospects for the stock. Back on April 29, Roth Capital ****** yst Chip Moore updated his view of Itron Inc. (NASDAQ:ITRI) after the company reported its first quarter earnings and shared a lower second quarter forecast relative to market consensus. Moore maintained his Buy rating on the shares. He decreased the firm’s price target from $150 to $136, which still results in an upside potential of almost 65%.
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