Itron supports Project Jupiter to enhance distributed energy resource integration in Western Australia's energy system using its LV DERMS technology.
Quiver AI Summary
Itron, Inc. is supporting Project Jupiter, a collaboration aimed at enhancing the integration of distributed energy resources (DER) in Western Australia's South West Interconnected System. This project involves major partners including Western Power, Synergy, and the Australian Energy Market Operator. Itron is providing its Low Voltage Distributed Energy Resource Management System (LV DERMS), which incorporates technology to facilitate the registration, monitoring, and control of DERs like solar panels and batteries. This integration allows households and businesses to participate in virtual power plants (VPPs), enabling more efficient energy management. Key figures from Itron and its technology partner Kitu emphasize the project's potential in facilitating consumer participation in energy markets and enhancing compliance with emerging energy standards.
Potential Positives
- Itron is actively participating in Project Jupiter, enhancing its reputation as a leader in innovative energy management solutions for utilities and cities.
- The collaboration with major organizations like Western Power and Synergy positions Itron strategically within the growing market for distributed energy resources (DER) integration.
- Itron's LV DERMS solution is enabling households and businesses to engage in virtual power plants (VPPs), reflecting a commitment to empowering consumers and facilitating the energy transition.
- The company's technology achieved one of the first certifications for the IEEE 2030.5 system, underscoring its dedication to compliance and leadership in emerging energy standards.
Potential Negatives
- Limited details on the financial impact or expected outcomes of Project Jupiter may raise concerns about the project's viability and potential return on investment for stakeholders.
- No mention of potential risks or challenges associated with implementing the Low Voltage Distributed Energy Resource Management System (LV DERMS), which could lead to skepticism about the project's feasibility.
FAQ
What is Project Jupiter?
Project Jupiter is a collaboration aimed at integrating distributed energy resources in Western Australia’s South West Interconnected System.
How is Itron involved in Project Jupiter?
Itron provides its Low Voltage Distributed Energy Resource Management System to support the integration of DERs at scale.
What are virtual power plants (VPPs)?
VPPs allow households and businesses to participate in energy markets by aggregating distributed energy resources for collective management.
What technology does Itron use for DER management?
Itron utilizes the IEEE 2030.5 Common Smart Inverter Profile-Australia utility server to monitor and control distributed energy resources.
How can customers benefit from participating in VPPs?
Customers can unlock greater value from their energy assets by joining VPPs, optimizing the management of their energy resources.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ITRI Insider Trading Activity
$ITRI insiders have traded $ITRI stock on the open market 25 times in the past 6 months. Of those trades, 0 have been purchases and 25 have been sales.
Here’s a breakdown of recent trading of $ITRI stock by insiders over the last 6 months:
- THOMAS DEITRICH (President & CEO) has made 0 purchases and 4 sales selling 38,976 shares for an estimated $4,667,679.
- JOHN F. MARCOLINI (SVP, Networked Solutions) has made 0 purchases and 4 sales selling 11,798 shares for an estimated $1,400,176.
- JUSTIN K PATRICK (SVP, Device Solutions) has made 0 purchases and 3 sales selling 9,799 shares for an estimated $1,192,037.
- MARY C. HEMMINGSEN sold 5,150 shares for an estimated $559,820
- JOAN S HOOPER (SVP & CFO) has made 0 purchases and 2 sales selling 1,908 shares for an estimated $229,366.
- DONALD L. III REEVES (SVP, Outcomes) has made 0 purchases and 2 sales selling 1,076 shares for an estimated $129,348.
- CHRISTOPHER E. WARE (SVP, GC & Corp. Secretary) has made 0 purchases and 3 sales selling 1,106 shares for an estimated $128,679.
- LAURIE ANN PULATIE-HAHN (SVP, HR) has made 0 purchases and 4 sales selling 371 shares for an estimated $44,159.
- DAVID MARSHALL WRIGHT (VP, Corp. Controller & CAO) has made 0 purchases and 2 sales selling 208 shares for an estimated $25,006.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ITRI Hedge Fund Activity
We have seen 229 institutional investors add shares of $ITRI stock to their portfolio, and 210 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- IMPAX ASSET MANAGEMENT GROUP PLC added 698,910 shares (+inf%) to their portfolio in Q2 2025, for an estimated $91,997,523
- MILLENNIUM MANAGEMENT LLC removed 394,266 shares (-55.5%) from their portfolio in Q2 2025, for an estimated $51,897,233
- BALYASNY ASSET MANAGEMENT L.P. removed 370,204 shares (-87.9%) from their portfolio in Q2 2025, for an estimated $48,729,952
- PGGM INVESTMENTS removed 362,558 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $45,160,224
- SOROS FUND MANAGEMENT LLC removed 296,000 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $38,962,480
- BLACKROCK, INC. removed 293,119 shares (-4.1%) from their portfolio in Q2 2025, for an estimated $38,583,253
- MEREWETHER INVESTMENT MANAGEMENT, LP added 282,587 shares (+1552.7%) to their portfolio in Q2 2025, for an estimated $37,196,926
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ITRI Analyst Ratings
Wall Street analysts have issued reports on $ITRI in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Overweight" rating on 10/16/2025
- Roth Capital issued a "Buy" rating on 07/22/2025
To track analyst ratings and price targets for $ITRI, check out Quiver Quantitative's $ITRI forecast page.
$ITRI Price Targets
Multiple analysts have issued price targets for $ITRI recently. We have seen 5 analysts offer price targets for $ITRI in the last 6 months, with a median target of $150.0.
Here are some recent targets:
- Mark Strouse from JP Morgan set a target price of $155.0 on 10/16/2025
- Tommy Moll from Stephens & Co. set a target price of $130.0 on 10/07/2025
- Chip Moore from Roth Capital set a target price of $150.0 on 07/22/2025
- Joseph Osha from Guggenheim set a target price of $155.0 on 07/14/2025
- Kashy Harrison from Piper Sandler set a target price of $121.0 on 05/05/2025
Full Release
LIBERTY LAKE, Wash., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, is supporting Project Jupiter to accelerate the integration of distributed energy resources (DER) using components of Itron’s Low Voltage Distributed Energy Resource Management System (LV DERMS).
A collaboration between Western Power, Synergy, the Australian Energy Market Operator and Energy Policy WA, Project Jupiter is accelerating the integration of DERs, including rooftop solar and customer and community batteries, at scale into Western Australia’s main energy system, the South West Interconnected System (SWIS). This is enabling households and businesses to participate in virtual power plants (VPPs) and the energy transition.
Synergy, Western Australia’s largest electricity generator and a retailer of gas and electricity, is utilizing Itron's LV DERMs solution that includes the IEEE 2030.5 Common Smart Inverter Profile-Australia (CSIP-Aus) utility server from Itron technology partner Kitu . The server registers, monitors and controls DERs, which aims to enhance the integration and management of battery energy storage systems.
“Project Jupiter is exciting because customers will have the choice to join a VPP and unlock greater value from their energy assets. With Itron’s LV DERMS, Synergy will work to test DER compliance so that when DER assets are installed, they can be supported to be registered and orchestrated in a VPP,” said Don Reeves, senior vice president of Outcomes at Itron.
“Our server achieved one of the first certified 2030.5 systems and plays an ongoing part in defining and assuring compliance to emerging standards. This is an exciting project, and we look forward to helping to support VPP participation in Western Australia,” said Rick Kornfeld, president and CEO of Kitu Systems .
About Itron
Itron is transforming how the world manages energy, water and city services. Our trusted intelligent infrastructure solutions help utilities and cities improve efficiency, build resilience and deliver safe, reliable and affordable service. With edge intelligence, we connect people, data insights and devices so communities can better manage the essential resources they rely on to live and thrive. Join us as we create a more resourceful world: www.itron.com .
Itron ® and the Itron Logo are registered trademarks of Itron Inc. in the United States and other countries and region. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
For additional information, contact:
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
[email protected]
Paul Vincent
Vice President, Investor Relations
512-560-1172
[email protected]
Itron, Inc.
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