Itron Isn't Cheap Enough For An Upgrade, Even After Its Ugly Plunge

Itron, Inc. remains a 'hold' as near-term fundamentals are expected to weaken despite recent share price declines. Revenue and profitability continue to decline, with Q1 2026 revenue down to $587M and net income dropping to $53.5M. Backlog and orders are contracting, signaling further revenue pressure; Q2 2026 guidance also points to lower sales and earnings. Longer-term, management targets for 2027 could deliver market-beating returns, but I require evidence of progress before turning bullish. Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More » onurdongel/iStock via Getty Images Even though I am a value investor at heart, I have no problem taking a neutral or even bearish stance on companies that are trading on the cheap if I believe those discounts are justified. A great This article was written by Daniel Jones 37.58K Followers Follow Daniel is an avid and active professional investor. He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommen...