Eos Energy stock falls after Fuzzy Panda issues short report
John F. Marcolini, Senior Vice President of Networked Solutions at Itron Inc. (NASDAQ:ITRI), recently sold 3,382 shares of the company’s common stock. The shares were sold at an average price of $97.28, totaling approximately $329,001. This transaction was reported in a filing with the Securities and Exchange Commission. The sale comes as Itron, currently valued at $4.25 billion, maintains a strong financial health score according to InvestingPro analysis, with liquid assets significantly exceeding short-term obligations at a current ratio of 3.36.
Following the sale, Marcolini retains ownership of 24,606 shares of Itron. The transaction was associated with the automatic sale of shares to cover tax withholding obligations linked to the vesting of a performance-based restricted stock unit award. With the company’s earnings report due on February 25th and trading at a P/E ratio of 19, investors seeking deeper insights into insider trading patterns and comprehensive analysis can access detailed reports through InvestingPro, which offers extensive coverage of 1,400+ US stocks.
In other recent news, Itron has seen significant developments that are drawing attention from investors. Canaccord Genuity has raised its price target for Itron to $130, up from $125, while maintaining a Buy rating. This adjustment follows Itron’s success in securing a substantial portion of $1 billion in pending awards, which is expected to aid the company in achieving its 2027 financial targets, including $2.7 billion in revenue and a gross margin of 37%. Additionally, Canaccord introduced new estimates for 2026, projecting $2.582 billion in revenue and a 36% gross margin, with $378.4 million in adjusted EBITDA.
Meanwhile, Baird has reaffirmed its Outperform rating for Itron, maintaining a $132 price target. This endorsement comes after an investor webcast where Itron’s leadership discussed the company’s business outlook and industry trends. Baird emphasized Itron’s strategic shift towards higher-margin segments, particularly in its Networks and Outcomes areas, as a positive factor for future financial performance. Furthermore, potential catalysts such as increased power demand forecasts and a recent acquisition within the Outcomes segment are seen as bolstering Itron’s long-term targets. These recent developments reflect a strong trajectory for Itron, supported by strategic initiatives and industry trends.
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