) has fortified its capabilities in the solar market with the
introduction of the revenue-grade solar meter. The meters use Itron
cellular communication module and efficiently monitor energy
production of solar photovoltaic (PV) systems (both residential and
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ITRON INC (ITRI): Free Stock Analysis Report
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The solar market has developed much due to the availability of
third-party owned residential solar systems. Itron's solar product
portfolio further facilitates the growth by allowing third-party
solar providers to precisely measure as well as manage solar
production data with a secure, low-cost communication network for
In today's world, much importance is given to renewable sources of
energy. Renewable sources of energy are the natural sources
with an ability to reproduce through biological or natural
processes and replenished with the passage of time.
Photovoltaics (PV) method, where electrical power is generated by
converting solar radiation into direct current electricity using
semiconductors exhibiting photovoltaic effect, has gained wide
acceptance due to the growing demand for renewable sources of
energy. Itron's cellular communication fits in the solar market
quite seamlessly by rendering the solar meters cost effective,
reliable and accurate.
Therefore, we believe Itron has ample opportunities to expand in
the solar market leveraging its technology and expertise. Moreover,
the decision to augment its solar product portfolio goes well with
its strategy of integrating non-renewable energy and solar energy
into the smart grid portfolio.
Recently, in order to expand the smart grid technology, Itron
completed the acquisition of SmartSynch, thereby strengthening its
cellular communication offering. It gives Itron the opportunity to
cater to a wider client base with the best technology mix.
Itron, however, faces tough competition from a large number of
companies offering similar products, systems, and services. Some of
its well-known competitors include
General Electric Company
Badger Meter Inc.
Itron retains a short-term Zacks #3 Rank (Hold). We have a
long-term Neutral recommendation on the stock.