Itron, Inc. (NASDAQ:ITRI) is one of the best grid modernization stocks to buy for AI infrastructure.
On April 28, Itron, Inc. said its first-quarter results came in ahead of expectations, helped by strong execution and some projects running ahead of schedule. The company reported $587 million in revenue, adjusted EBITDA of $92 million, and total backlog of $4.4 billion at quarter-end. More importantly for this list, Itron said utility customers are prioritizing resiliency and affordability, calling the multi-year trend to add intelligence to the grid “structural.” Its Outcomes revenue rose 22% year-over-year, while its newer Resiliency Solutions segment contributed $16 million after the addition of Urbint and Locusview.
That puts Itron in the software and grid-edge layer of AI infrastructure rather than the heavy-equipment layer. As utilities face higher loads from data centers, electrification, and distributed energy resources, they need better forecasting, real-time visibility, demand response, and construction management tools. Itron’s January 29 grid-edge update also said its portfolio had shipped more than 16 million distributed-intelligence-enabled meters, managed more than 100 million endpoints, and dispatched more than 70 GWh of flexible customer load and generation in 2025.
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Itron, Inc. provides intelligent infrastructure products and services for utilities and cities, including smart meters, communications networks, grid-edge intelligence, analytics software, distributed energy resource management, demand response, and related energy and water management solutions.
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