Why Shares of Itron Stock Jumped 17.4% This Week
The company reported strong earnings results.
Overview
Shares of Itron (NASDAQ: ITRI) jumped as much as 18.7% this week, according to data from S&P Global Market Intelligence. The global utility technology provider posted strong second-quarter earnings and raised its full-year guidance, sending the stock higher.
As of 10:44 AM EST on Friday, July 31, shares of Itron are up 17.4%. Here's why, and whether now is a good time to buy the stock.
Details
Itron makes utility meters and grid intelligence technology to help manage the electric grid. It helps meters manage electricity demand volatility, a growing need amid the current artificial intelligence (AI) boom.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.