Itron collaborates with Meralco to implement Advanced Metering Infrastructure, enhancing smart grid capabilities and customer service in Metro Manila.
Quiver AI Summary
Itron, Inc. is collaborating with Manila Electric Company (Meralco) to implement its Advanced Metering Infrastructure (AMI) solution in the Philippines. This partnership will manage 73,000 endpoints across Metro Manila, contributing to Meralco's smart grid modernization efforts aimed at enhancing customer satisfaction for its over eight million customers. Itron's AMI utilizes Intelligent Connectivity, which offers an open network infrastructure that supports smart metering and various smart city applications. The deployment promises improved operational efficiency, near real-time data exchange, and reliable communication across the service area, ultimately enabling better outage management and customer engagement. Meralco's Executive Vice President expressed excitement about this initiative, highlighting its potential to foster a smarter, more sustainable energy future in the Philippines.
Potential Positives
- Itron is collaborating with Manila Electric Company to deploy an Advanced Metering Infrastructure (AMI) solution, enhancing the utility's service capabilities for over 8 million customers.
- The deployment of Itron's AMI solution is a key part of Meralco’s smart grid modernization program, aiming to improve customer satisfaction and operational efficiency.
- The solution supports future innovations like integrating distributed energy resources, demonstrating Itron's commitment to sustainability and modernization in energy management.
- Itron's AMI infrastructure provides improved visibility and responsiveness for utilities, potentially reducing electricity downtime during outages and enhancing overall service reliability.
Potential Negatives
- None
FAQ
What is Itron's Advanced Metering Infrastructure (AMI) solution?
Itron's AMI solution provides utilities with real-time communication for managing energy and water, enhancing operational efficiency and customer service.
How many endpoints will Meralco manage with Itron's solution?
Meralco will initially manage 73,000 endpoints across Metro Manila, with plans for multi-year expansion.
What benefits does the Itron AMI solution provide Meralco?
The solution enhances operational efficiency, real-time data exchange, improved outage response, and customer visibility into energy usage.
How does the AMI solution support smart city applications?
Itron's AMI infrastructure is designed for various grid edge applications, enabling smart metering and facilitating future innovations like integrating distributed energy resources.
Why is this collaboration significant for the Philippines’ power sector?
This partnership lays the groundwork for a smarter, more sustainable energy future, improving service delivery and supporting the digital economy.
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 236 institutional investors add shares of $ITRI stock to their portfolio, and 203 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
- 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
- AMERICAN CENTURY COMPANIES INC added 267,847 shares (+inf%) to their portfolio in Q2 2025, for an estimated $35,256,700
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. 21, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, is working with Manila Electric Company (Meralco), the largest electric distribution utility in the Philippines, to deploy Itron’s Advanced Metering Infrastructure (AMI) solution with Intelligent Connectivity. As part of the collaboration, the network will initially manage 73,000 endpoints across Metro Manila with plans for a multi-year expansion. The collaboration is a key component of Meralco’s smart grid modernization program and marks a significant step toward enhancing customer satisfaction.
Itron’s AMI solution is a foundational element of its Grid Edge Intelligence portfolio and is designed to deliver long-term value. Intelligent Connectivity provides an open, IPv6-based network that leverages Gen5 mesh and cellular networking and supports not only smart metering but also a wide range of grid edge and smart city applications. For Meralco, the AMI deployment is an important part of its thrust toward a smarter, more responsive electricity system that transforms how electricity is delivered, measured and managed for the utility’s more than eight (8) million customers.
The solution includes several key Itron components that work together to ensure seamless communication, data management and control across Meralco’s service territory. They work together to provide the utility with:
- Improved operational efficiency through centralized headend system (HES) for control and visibility over endpoints, delivered by UtilityIQ ® software
- Near real-time data exchange between field devices and back-end systems, enabled by Access Points
- Reliable and resilient data transmission across the service territory, supported by Network Interface Cards (NICs) , which are meter agnostic and compatible with multiple meter vendors.
- Extended connectivity in hard-to-reach or complex service areas, made possible by Relays
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Scalable, localized network access in isolated or hard-to-hear environments,
facilitated by
Micro Access Points
By investing in Itron’s AMI solution, Meralco enables near real-time, two-way communication between the utility’s back office and its endpoints. For example, when a power outage occurs, the utility is alerted via the Itron network, allowing for better response and restoration, reducing electricity downtime for customers and improving customer satisfaction. The infrastructure also lays the foundation for future innovations, such as integrating distributed energy resources (DERs) like rooftop solar and electric vehicles, without requiring additional infrastructure. This infrastructure gives customers more visibility into their energy usage so they can better manage their consumption.
“This collaboration signals the beginning of our AMI journey. With Itron’s Gen5 solution, we are building a smart grid that not only supports the country’s push toward advancing the digital economy but also enhances Meralco’s customer-centricity through improved billing services, greater customer visibility into their energy use, and improved response times to outages,” said Meralco Executive Vice President and Chief Operating Officer Ronnie L. Aperocho. “We look forward to laying the foundation for a smarter, more sustainable energy future for the Philippines’ power sector.”
“We are proud to be a part of Meralco’s smart grid journey. Our proven, scalable Gen5 solution is upgrading the way Meralco delivers, measures and manages electricity. The solution is designed to support multiple meter brands, giving Meralco the flexibility to scale without vendor lock-in. For a utility with such a large and diverse service territory, that flexibility is essential to future-proofing deployments and reducing total cost of ownership,” said John Marcolini, Senior Vice President of Networked Solutions at Itron. “We look forward to working together to help Meralco modernize its infrastructure, improve reliability and deliver greater value to their customers, today and well into the future.”
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
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Itron ® , the Itron Logo and UtilityIQ ® are registered trademarks of Itron, Inc in the United States and other countries and regions. 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.
- LinkedIn: www.linkedin.com/company/itroninc
- X: www.x.com/itroninc
- Newsroom: https://itron.com/newsroom
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Blog:
https://itron.com/blog