
Itron (ITRI) Stock
Smart meter and grid software provider for utilities. Here's the price, business snapshot, and what's worth knowing about Itron in August 2026.
Itron, Inc. (ITRI) builds smart metres, sensors, communications and grid-management software for utilities worldwide. With a market capitalisation of about $6.11bn, the firm combines hardware sales with recurring software and services, positioning it to benefit from meter replacement programmes, grid modernisation and decentralised energy growth. Key strengths include a sizeable installed base, multi-year contracts and a growing software subscription mix that can improve recurring revenue visibility. Investors should watch backlog, margins, cash flow and regional regulatory timelines, as revenues can be lumpy and tied to utility capital spending cycles. Principal risks include competitive pressure, project execution, supply-chain constraints and regulatory change. This summary is general educational information, not personal financial advice; investors should consider their own circumstances and consult a regulated adviser. Past performance is not a reliable indicator of future results.
Sixth Month Growth Performance
Stock Performance Snapshot
Analyst Rating
Analysts suggest buying Itron's stock with a target price of $122, indicating growth potential.
Financial Health
Itron Inc. shows solid revenue and cash flow performance, indicating good overall financial strength.
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Why You’ll Want to Watch This Stock
Metre replacement cycle
Large-scale metre rollouts can lift hardware sales and follow-on service contracts, though timing varies by region and policy.
Grid modernisation trend
Demand for grid analytics and automation supports software and services growth, but adoption depends on utility budgets and regulation.
Global utility market
A diverse geographic footprint spreads opportunity, yet differing regulations and execution risk add complexity for investors.
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