Futures slip, bank earnings ahead, Powell to speak - what’s moving markets
LIBERTY LAKE, Wash. - Itron, Inc. (NASDAQ:ITRI), a $5.5 billion market cap technology company with "GREAT" financial health according to InvestingPro analysis, announced Monday it has entered a joint marketing agreement with Current Lighting Solutions to deliver a combined smart lighting solution for cities and utilities. The company, which generated $2.44 billion in revenue over the last twelve months, is currently trading near its Fair Value.
The partnership integrates Itron’s CityEdge management and control technologies with Current’s LED fixtures and luminaries, including its Evolve Roadway product line, according to a company press release.
The combined offering aims to help municipalities optimize streetlight performance by pairing Current’s high-efficiency LED luminaires with Itron’s intelligent controls. The solution allows cities to dynamically adjust lighting levels to ensure appropriate illumination while maintaining energy savings.
Itron’s CityEdge portfolio provides remote asset monitoring and streetlight fault detection capabilities. The platform also supports integration with additional sensors for air quality, traffic, and weather monitoring.
"Our CityEdge portfolio brings together IoT technologies, real-time data and advanced insights to help utilities and cities achieve their goals," said John Marcolini, senior vice president of Networked Solutions at Itron.
Current’s Evolve Roadway products deliver lumens per watt with glare control and optical precision for uniform light distribution. When paired with Itron’s controls, the fixtures can help cities reduce light pollution and improve pedestrian safety.
"Partnering with Itron is a meaningful step toward building smarter, more connected cities for utilities and local governments," said Chip Taylor, Chief Commercial Officer at Current.
The companies did not disclose financial terms or specific availability dates for the joint solution. Investors seeking deeper insights into Itron’s financial outlook can access comprehensive analysis and 8 additional ProTips through InvestingPro, including detailed metrics and expert research reports available for over 1,400 US stocks.
In other recent news, Itron reported its second-quarter 2025 earnings, highlighting record margins despite concerns about reduced sales guidance. Stephens responded by raising its price target for Itron to $130, while maintaining an Equal Weight rating on the company. Additionally, Itron has been actively expanding its board of directors, appointing Scott Drury, former CEO of Southern California Gas Company, and Sheri Savage, CFO at Ultra Clean Holdings, to its board. Drury brings over 35 years of experience in the electric and natural gas industry, while Savage adds more than 30 years of finance expertise.
In terms of project developments, the American Samoa Power Authority will implement Itron’s Advanced Metering Infrastructure solution to modernize its electricity distribution network. Meanwhile, the Water Authority of Fiji has begun deploying Itron’s smart water meters as part of its first smart metering project. These recent developments reflect Itron’s ongoing efforts to enhance its market presence and operational capabilities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.