Smart metering company Itron (ITRI)
is making it harder and harder to justify sticking one's neck out in
the hopes of a turnaround. The company is an overall share leader in
utility meters, but deployments haven't lived up to expectation and the
company's electricity meter margins are pretty bleak. The sell-side has
definitely turned on this name, slashing its revenue growth expectations
by about half over the last six months. With so much skepticism, a few
good quarters would likely lead to a big move in the stock, but I'm not
sure there are any particular reasons to expect that any time soon.
Read the article here:
Low Visibility Forces A Big Reset At Itron
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