Utilities and cities benefit from increased energy efficiencies.
The use of smart meters and related technology is expected to grow over at least the next 4 years.
Itron stands to benefit from a likely increase in smart meter and intelligent infrastructure demand.
Itron (ITRI) is one of Margin of Safety Investing's sustainable growth stocks. This means that the company has disruptive technology with a secular tailwind. Itron's disruptive technology includes their smart meters, smart lighting, and other intelligent detection technology/software, which can help utilities and cities lower costs through greater efficiencies while increasing safety. The secular tailwind for the company is the growth of the smart meter market and smart cities.
The global smart meters market is expected to grow at a CAGR of 7% to reach $12 billion by 2024. The global smart cities market is expected to grow at a CAGR of 18.4% to $717 billion by 2023. Itron has a good chance of benefiting from the growth in these markets as the company offers smart meters, intelligent street/traffic lights, and other related hardware and software.
The article is for informational purposes only (not a solicitation to buy or sell stocks). David is not a registered investment adviser. Kirk Spano is an RIA. Investors should do their own research or consult a financial adviser to determine what investments are appropriate for their individual situation. This article expresses my opinions and I cannot guarantee that the information/results will be accurate. Investing in stocks involves risk and could result in losses.
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