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Itron (ITRI): Margin Expansion Offsets Revenue Headwinds Amid Grid Modernisation Demand

Jul 29, 2026 | Team Kalkine
Itron (ITRI): Margin Expansion Offsets Revenue Headwinds Amid Grid Modernisation Demand
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  • ITRI:NASDAQ
  • Investment Type
    Mid - Cap
  • Risk Level
  • Action
  • Rec. Price (US$)

Itron, Inc (NASDAQ: ITRI) is a technology company that provides intelligent energy, water, smart city, and Industrial Internet of Things (IIoT) solutions. The company offers hardware devices such as smart meters, sensors, and communication modules, along with network infrastructure and software platforms that help utilities and municipalities collect, manage, and analyze operational data. Through its Outcomes segment, Itron also delivers advanced analytics, artificial intelligence, machine learning, and grid-edge intelligence solutions that enable customers to improve efficiency, optimize infrastructure, and support smarter resource management.

As per our previous US Daily Report published on ‘ITRI’ on May 27, 2026, we provided a ‘Buy’ stance on the stock at USD 84.25 based on “price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis” and the stock price has now moved up by ~27.02% since then and has attained resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:


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Past performance is not a reliable indicator of future performance.

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