Itron slips after $600 mln convertible bonds sale plans unveiled
Technology-driven energy and water resource management firm Itron's ITRI.O shares down 1.7% before the bell to $97.81 after planned capital raise news
Liberty Lake, Washington-based firm announces private offering of $600 mln convertible bonds (CB) due 2032
Co intends to use net offering proceeds to repay its 0% CBs due 2026
It also plans to use up to $125 mln of proceeds to repurchase its stock to facilitate hedging, and to use proceeds to pay cost of capped calls, transactions employed to mitigate dilution
ITRI has ~$4.5 bln market cap
Co last week posted Q4 top and bottom-line beat, and said adoption of its Grid Edge intelligence platform drove strong results
Through Fri close, stock up 7% YTD. Still, stock is ~30% below record intraday high of $142 hit in late Oct
11 of 13 analysts rate the stock "strong buy" or "buy", 2 "hold"; median PT $143.12, LSEG data reflects
Related Articles
International Copper Prices Rise for 7 Straight Months; Will Bull Market Continue in 2026?
TradingKey - As the "king of industrial metals," every fluctuation in international copper prices impacts the nerves of global investors. In early 2026, international copper prices continued to rise, extending the upward trend from 2025 and reaching a new high above $14,500, marking seven consecutive months of gains. Meanwhile, London Metal Exchange (LME) copper prices have climbed from $7,800 per tonne in July 2025 to over $9,000 per tonne today.
How Bitcoin Miners Are Scaling Revenue Through AI Data Center Integration
Discover how Bitcoin miners like Core Scientific and IREN are scaling revenue by pivoting to AI data centers. Explore 2026 hashprice trends, ASIC-to-GPU retrofitting, and the "hashrate-to-HPC" revolution.
Stock Market Crash 2026: What Fed Signals and Economic Data Mean for Investors
TradingKey - The possibility of a stock market crash occurring in 2026 is becoming increasingly likely as investor sentiment continues to decline.
New Fed Chair Warsh Takes Office: Major Shift in Monetary Policy? US Dollar Short-Term Rebound, 2026 Investment Strategy Analysis
TradingKey - At the start of 2026, global financial markets witnessed a major leadership change as U.S. President Trump officially nominated Kevin Warsh as the next Federal Reserve Chair. Pending Senate confirmation, he will succeed Jerome Powell this May to lead the world’s most influential central bank.
