ITRI Itron, Inc.
Price Chart
Executive Summary
Itron announced a collaboration with Corsica's water authority OEHC to deploy 10,000 Intelis wSource ultrasonic water meters by 2030, aimed at reducing water loss and improving billing accuracy. The deal is modest in scale relative to Itron's $3.8B market cap and represents a routine contract win, not a transformative catalyst.
Actionable Insight
This is a routine contract win with no disclosed financial terms. Monitor Itron's next quarterly filing for any material revenue contribution from this deal, but the 10,000-unit deployment is unlikely to move the stock. The historical calibration shows prior neutral reports on ITRI had negative T+20 alpha, suggesting the stock may drift lower on low-impact news.
Key Facts
- OEHC will deploy 10,000 Itron Intelis wSource ultrasonic water meters by 2030.
- The meters replace outdated mechanical meters that allowed billing for only ~50% of water used.
- The collaboration targets saving 5 million cubic meters of water per year by 2035.
- Itron's solution provides remote meter reading, MID-certified metrology, and data-driven insights.
- The contract value is undisclosed; no financial terms were provided.
Financial Impact
Undisclosed contract value; 10,000 meter deployment is small relative to Itron's $3.8B market cap.
Risk Factors
- Deployment timeline extends to 2030, limiting near-term revenue impact.
- No financial terms disclosed, making materiality impossible to assess.
- Historical calibration shows ITRI neutral reports have underperformed SPY by -11.31% at T+20, suggesting the stock may drift lower on low-impact news.
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3305201 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 4, 2026
1d ago
|
Insider Cluster
| $81.05 $80.07 | ▼ −1.21% | ▲ +1.36% | $80.07 (−1.21%) |
|
Jun 2, 2026
3d ago
|
Press Release
| $83.94 $82.12 | ▼ −2.17% | ▼ −1.47% | $80.07 (−4.61%) |
|
May 28, 2026
8d ago
|
Insider Cluster
| $83.59 $82.48 | ▼ −1.33% | ▼ −1.57% | $80.07 (−4.21%) |
|
May 27, 2026
9d ago
|
Insider Cluster
| — | awaiting T+1 | — | — |
|
May 26, 2026
10d ago
|
144
| $84.44 $85.30 | ▲ +1.02% | ▲ +1.01% | $80.07 (−5.18%) |
|
May 26, 2026
10d ago
|
Press Release
| $84.44 $85.30 | ▲ +1.02% | ▲ +1.01% | $80.07 (−5.18%) |
|
May 22, 2026
14d ago
|
Insider Cluster
| $83.02 $84.44 | ▲ +1.71% | ▲ +1.12% | $80.07 (−3.55%) |
|
May 21, 2026
15d ago
|
Insider Cluster
| $81.85 $83.02 | ▲ +1.43% | ▲ +0.98% | $80.07 (−2.17%) |
|
Apr 28, 2026
5w ago
|
Press Release
| $87.00 $82.69 | ▼ −4.95% | ▼ −4.94% | $80.07 (−7.97%) |
|
Apr 24, 2026
6w ago
|
8-K
| $88.55 $86.92 | ▼ −1.84% | ▼ −2.00% | $80.07 (−9.58%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access