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Itron’s Next-Gen Solution Energizes Resource Management Down Under Itron’s Next-Gen Solution Energizes Resource Management Down Under

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Itron ITRI recently unveiled
Low Voltage Distributed Energy Resource Management Solution (LV DERMS) at the Energy Networks Conference in
Adelaide, Australia. The cutting-edge technology aims to implement an innovative, data-driven process for
managing Consumer Energy Resources (CERs).

The state-of-the-art solution will simultaneously maintain stability within the low-voltage network for CERs
like rooftop solar or battery storage. Itron’s LV DERMS model plans to address the complexities of grid
instability arising in the LV network due to energy transition.

The newly launched LV DERMS can be integrated with current back-office systems, including advanced distribution
management system, through the application of a bottom-up approach.

By utilizing certain core capabilities of the solution it transits planning and operating risks caused by CERs
into opportunities. These include centralized control and visibility, Dynamic System State Estimation, enhanced
DOE compliance validation, energy market participation and proven scalability.

LV DERMS solution is also integrated with Itron’s distributed intelligence platform, thereby enabling it to be
moved to the edge of the grid in a highly distributed architecture. This will facilitate autonomous control to
balance the LV network system while reducing costs for the same.

Itron is one of the leading global suppliers of a robust range of standard, advanced and smart meters and meter
communication systems, including networks and communication modules, software, devices, sensors, data analytics
and services to the utility and municipal sectors.

Itron’s performance is gaining momentum from the strong uptake of grid edge intelligence technology, robust
operational execution and easing of the supply-chain issues. Strategic collaborations and frequent product
launches are boosting its overall performance. In the last reported quarter, it generated revenues of $577.2
million, beating the Zacks Consensus Estimate by 1.1%.

For the first quarter of 2024, ITRI is projecting revenues to be in the band of $575-$585 million. Non-GAAP EPS is
anticipated in the range of 80-90 cents. For 2024, management projects revenues to be between $2.275 billion
and $2.375 billion. Non-GAAP EPS is estimated in the range of $3.40-$3.80.

The stock has gained 66.4% over the past year compared with the industry’s rise of

Zacks Investment Research
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Zacks Rank & Other Stocks to Consider

Itron currently carries a Zacks Rank #2 (Buy).

Workday Inc. WDAY, carrying a Zacks Rank #2 at present, delivered an earnings surprise of 9.03%
in the last reported quarter.

Workday is a provider of enterprise-level software solutions for financial management and human resource domains.
The company’s cloud-based platform combines finance and HR in a single system that makes it easier for
organizations to provide analytical insights and decision support. You can see the complete list
of today’s Zacks #1 Rank (Strong Buy) stocks here

AudioCodes Ltd. AUDC currently carries a Zacks Rank #2. It has a
long-term earnings growth expectation of 24.8% and delivered an earnings surprise of 20.1%, on average, in the
trailing four quarters.

Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products and productivity
solutions for the digital workplace. It provides a broad range of innovative products, solutions and services
that are used by large multi-national enterprises and leading tier-1 operators around the world.

Pinterest PINS, carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average
earnings surprise of 37.42%. In the last reported quarter, it delivered an earnings surprise of 3.92%.

Pinterest is increasingly establishing a unique value proposition to advertisers that could provide a competitive
advantage in the long haul. Through various innovations, it continues to dramatically improve the advertising
platform, which presently appears to be one of the best ad platforms for consumer discretionary brands looking
for new ways to reach customers and stretch smaller ad budgets.

Zacks Names #1 Semiconductor Stock

It’s only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is
still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it’s positioned to feed the rampant demand for
Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is
projected to explode from $452 billion in 2021 to $803 billion by 2028.

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Inc. (ITRI) : Free Stock Analysis Report

Inc. (WDAY) : Free Stock Analysis Report

Ltd. (AUDC) : Free Stock Analysis Report

Inc. (PINS) : Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and
do not necessarily reflect those of Nasdaq, Inc.

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