Itron Smart Meters

Posted on  by admin
2021-05-13

Something went wrong. Something went wrong. Something went wrong. Something went wrong. ITRI recently entered into a contract with CenterPoint Energy, Inc. CNP to deploy 3 million Itron Intelis natural gas ultrasonic smart meters for modernizing the latter’s natural gas distribution system.Incorporated in 2002, Houston, TX-based CenterPoint is an energy delivery company that provides electric transmission & distribution, natural gas distribution and competitive natural gas sales and services operations.

CenterPoint is highly optimistic about the deal. Through investment in Itron’s natural gas system, CenterPoint plans to drive safety and reliability at its utilities while also advancing the transition to a clean energy future by reducing related vehicle carbon emissions. Per CenterPoint, these natural gas smart meters will be a win-win for its customers and the environment.Meanwhile, Itron is excited about deploying its smart meter solution at CenterPoint and delivering unprecedented operational excellence and safety levels.

This solution will allow CenterPoint to have two-way communication for monitoring and billing its natural gas assets and boost intelligence capability across distribution networks. Image Source: Zacks Investment Research. Itron currently has a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader technology space are Flex Ltd FLEX and Iridium Communications IRDM.

While Flex flaunts a Zacks Rank of 1 (Strong Buy), Iridium carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Flex has a projected earnings growth rate of 19.75% for fiscal 2022. The Zacks Consensus Estimate for Flex’s fiscal 2022 earnings has been revised upward by 9 cents in the past 60 days.Flex’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average surprise being 25.6%.

Shares of FLEX have dropped 2.7% in the past year.Iridium has a projected earnings growth rate of 157.14% for 2022. The Zacks Consensus Estimate for Iridium’s 2022 earnings has been revised upward by 2 cents in the past 60 days.Iridium’s earnings beat the Zacks Consensus Estimate in two of the last four quarters and met estimates twice, the average surprise being 39.4%.

Shares of IRDM have gained 4.2% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report. (ITRI) : Free Stock Analysis Report. CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report. (FLEX) : Free Stock Analysis Report.

Iridium Communications Inc (IRDM) : Free Stock Analysis Report. To read this article on Zacks.com click here. Zacks Investment Research. Goldman Sachs Boosts Hiring of Dealmakers in Singapore.

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