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.

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