Itron, Inc. (ITRI) recently inked a definitive agreement to acquire Locusview, Ltd. and subsidiaries (Locusview), a privately held software-and-services provider focused on utility construction management, for a purchase price of $525 million, to be funded from Itron’s cash on hand. The deal is expected to close in January 2026.
Locusview’s digital construction management platform enhances Itron’s Resiliency Solutions portfolio, offering customers expanded capabilities to optimize infrastructure deployment. Purpose-built for critical infrastructure providers, Locusview’s scalable SaaS platform improves productivity and streamlines the management of complex construction projects. As utilities accelerate grid build-out and seek greater operational efficiency, the combination of Itron and Locusview establishes a robust platform poised to meet the evolving needs of the energy and infrastructure sectors.
ITRI Rides on Acquisition Synergies Amid Macro Pressures
Itron continues to pursue targeted acquisitions to broaden its digital and operational intelligence offerings. Strategic additions enhance its SaaS platform, strengthen field and construction management capabilities and support the growing need for grid resiliency and modernization across electric, gas and water utilities.
In a move to bolster its AI and safety analytics capabilities, Itron announced the planned acquisition of Urbint, Inc., a Miami-based software company specializing in predictive risk and safety intelligence for critical infrastructure in October 2025. The $325 million all-cash deal is expected to close in the fourth quarter. Urbint’s platform uses AI to help utilities and energy providers predict and prevent safety incidents before they occur, perfectly complementing Itron’s Grid Edge Intelligence strategy. This acquisition continues to expand its portfolio and leverage advanced technologies to help utilities navigate the evolving energy and infrastructure landscape.
In 2024, it bought Elpis Squared to leverage energy utilization for its grid edge intelligence technology. The acquisition is expected to harness the transformation of energy by allowing utilities to maximize and manage energy distribution more efficiently. Also, Itron's new Networked Solutions segment, which became operative with the buyout of Silver Spring Networks (2018), continues to be a significant growth driver. The company generated 73.9% of total revenues from this segment in the third quarter of 2025, totaling $365.4 million. The segment is shaped by disciplined operational strategies, new projects and ongoing large-scale deployments as more cities adopt connected infrastructure, which aligns with Itron’s expertise in network solutions.
However, Itron is experiencing softer near-term demand as customers delay decisions amid macro uncertainty, shifting trade policies and rising regulatory scrutiny over consumer costs. Utilities are stretching project timelines, slowing approvals and contributing to weaker third-quarter bookings and reduced year-end expectations. While long-term fundamentals remain intact and no projects have been canceled, recent federal funding actions have added to market uncertainty. As a result, Itron now expects 2025 bookings to fall below its 1:1 target and has trimmed its 2025 revenue outlook to $2.35–$2.36 billion. Fourth-quarter revenue guidance of $555–$565 million, down 9% at the midpoint, indicates continued near-term softness.
ITRI’s Zacks Rank and Stock Price Performance
ITRI currently carries a Zacks Rank #3 (Hold). The stock has declined 20.8%in the past year compared with the Zacks Electronics - Testing Equipment industry’s fall of 13.5%.
Image Source: Zacks Investment Research
Key Picks
Some better-ranked stocks from the broader technology space are Telefonica, S.A. (TEF), American States Water Company (AWR), and InterDigital, Inc. (IDCC). TEF, AWR and IDCC carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Telefonica’s earnings beat the Zacks Consensus Estimate in one of the trailing four quarters, matching in two and missing in one, with the average surprise being 1.98%. In the last reported quarter, TEF delivered an earnings surprise of 22.2%. Its shares have declined 8.3% in the past year.
American States Water earnings beat the consensus estimate in two of the trailing four quarters, meeting in one and missing in the other, with the average surprise being 3.63%. AWR’s long-term earnings growth rate is 5.7%. Its shares have lost 8.2% in the past six months.
IDCC earnings beat the consensus estimate in three of the trailing four quarters while missing in one, with the average surprise being 41.3%. InterDigital’s long-term earnings growth rate is 15%. Its shares have jumped 72.2% in the past year.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners UpItron, Inc. (ITRI) : Free Stock Analysis Report
Telefonica SA (TEF) : Free Stock Analysis Report
InterDigital, Inc. (IDCC) : Free Stock Analysis Report
American States Water Company (AWR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
