How Itron, Inc. (ITRI) Fits the Utility Digitization Trade Through Auckland’s Smart Meter Upgrade

Itron, Inc. (NASDAQ:ITRI) is one of the best electrical equipment stocks to buy according to analysts.

On June 15, Itron said it is working with Watercare Services on New Zealand’s largest smart water meter upgrade. The project will replace mechanical meters with 100,000 Itron Intelis wSource digital water meters, as part of Watercare’s broader plan to connect almost 500,000 smart meters across Auckland.

While the release is water-focused, it still fits Itron’s utility-infrastructure profile because the same business model centers on connected devices, meter data, sensors, and communications networks used by utilities to manage essential resources. Itron said the meters will use an NB-IoT network to provide frequent and accurate consumption data, helping Watercare improve leak detection, billing accuracy, and asset visibility. The company also said the meters are designed to operate for 15 years with minimal maintenance, even in Auckland’s harsh marine environment, supporting a long-duration hardware deployment model for utility customers.

Itron, Inc. (NASDAQ:ITRI) provides intelligent infrastructure solutions, including meters, sensors, communication networks, data management software and grid-edge technologies for electric, gas, water and smart-city customers.

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