If you are wondering whether Itron is fairly priced or offering value right now, you are not alone. The starting point is to understand what the recent share performance is really telling you.
The stock last closed at US$100.19, with returns of 0.5% over the past week, 6.3% over the past month, 6.1% year to date, and a 6.8% decline over the past year. The 3 year return sits at 67.3% and the 5 year return at 1.7%.
Recent coverage of Itron has focused on its role in providing technology for utilities, including its smart metering and grid management offerings. This often shapes how investors think about its long term demand profile. This context can help explain why the market has reassessed the share price at different points, as…
