Itron and Toumetis Launch Wildfire Mitigation Project in California
Itron and Toumetis announced a project in Southern California to strengthen wildfire mitigation and improve electric reliability by deploying advanced, real-time analytics that help reduce System Average Interruption Frequency Index and System Average Interruption Duration Index through two complementary levers: preventing outages before they occur and shortening outage duration when they do occur. The project is being performed in collaboration with San Diego Gas & Electric under the EPIC program. The project combines Itron's high-resolution data from its distributed intelligence-enabled endpoints with Toumetis' Cascadence predictive analytics and machine learning platform-currently deployed across more than 800 electric distribution circuits in Southern California-to integrate multiple data sources into a single operational view. The system brings together detailed data from smart meters, substation power quality measurements, relay signals and other grid sensors.
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- Project Background: Itron and Toumetis have launched a project in Southern California aimed at reducing SAIFI and SAIDI metrics through advanced real-time analytics, thereby enhancing electric reliability and wildfire mitigation efforts.
- Technology Integration: The project combines Itron's high-resolution data with Toumetis' Cascadence⢠predictive analytics platform, integrating data from over 800 electric distribution circuits to create a unified operational view for earlier risk identification.
- Core Objectives: By early identification of precursor conditions and accelerating fault location, the initiative aims to reduce customer interruptions and shorten outage durations, particularly in high fire threat areas, ensuring safer electric operations.
- Future Outlook: Itron and Toumetis plan to use initial data integration and results measurement to guide potential expansions into additional circuits and operating scenarios, further enhancing the reliability and responsiveness of the electric system.

- Market Share Shift: According to Similarweb, Gemini's market share surged from 5% to 18% in 2025, while ChatGPT's share fell from 87% to 68%, potentially undermining investor confidence in OpenAI.
- Stock Market Correction Prediction: Historical data indicates that stock markets typically experience a correction of at least 10% every 1-2 years, and given the last correction in early 2025, another could be expected in the second half of 2026, prompting investor caution.
- Electricity Bottleneck Issue: The demand for electricity from AI infrastructure is growing faster than supply, leading to rising electricity prices, with the Trump administration intervening to ensure Microsoft does not pass these costs onto consumers, which could impact the AI sector's growth.
- Investment Opportunities: Amid the electricity bottleneck, companies like Itron and Tesla may benefit from optimizing existing grid capabilities to meet increasing demand, presenting potential investment opportunities in the energy sector.
- Market Share Shift: According to Similarweb, Gemini's market share surged from 5% to 18% in 2025, while ChatGPT's share dropped from 87% to 68%, indicating a significant shift that could impact investor confidence in the AI sector.
- Correction Prediction: A stock market correction of at least 10% is anticipated in 2026, as historical data suggests such corrections occur every one to two years, prompting investors to prepare for potential volatility.
- Power Bottleneck Opportunities: The rapid increase in electricity demand from AI infrastructure is leading to rising power prices, creating opportunities for companies like Itron that deploy smart meters to help utilities optimize existing resources amid this bottleneck.
- Optimistic Market Outlook: Despite the expected correction, the overall market is projected to rise in 2026, driven by strong infrastructure spending, lower inflation, and mortgage rates, encouraging investors to maintain a positive outlook.
- Market Share Shift: Alphabet's Gemini has surged from 5% to 21% market share in 2025, while ChatGPT's share dropped from 87% to 68%, potentially shaking investor confidence in the AI sector.
- Correction Anticipation: A stock market correction of at least 10% is expected in 2026, as historical data indicates such corrections occur every one to two years, prompting investors to prepare for volatility.
- Power Bottleneck Opportunities: The surge in electricity demand from AI infrastructure is creating a power bottleneck, leading to rising electricity prices, with companies like Itron and Tesla likely to benefit from solutions that optimize existing resources.
- Optimistic Market Outlook: Despite the anticipated correction, the market is expected to rebound by the end of 2026, supported by strong infrastructure spending and lower inflation, indicating a generally positive outlook for investors.

- Earnings Release Schedule: Itron will release its fourth quarter and full year financial results for the period ending December 31, 2025, at 8:30 a.m. EST on February 17, 2026, providing critical performance data for investors to assess the company's future outlook.
- Conference Call Discussion: Management will host a conference call at 10:00 a.m. EST on the same day to discuss the financial results, with participants encouraged to log in 10 minutes early to ensure audio software is functioning, highlighting the company's commitment to transparent communication.
- Webcast Availability: The conference call will be available via live webcast, accessible on the company's website, enhancing information accessibility and encouraging investor engagement.
- Replay Service: A replay of the conference call will be available until February 25, 2026, ensuring that investors who cannot attend live can still access important information, reflecting the company's ongoing focus on investor relations.

Itron's New Deal: Itron has secured a multi-year contract with Tucson Water to implement its AMI Essentials smart metering platform, aimed at enhancing water conservation and operational visibility in the city.
Stock Performance: Despite a recent decline in Itron's share price, which has seen a 20.22% drop over the past 90 days, the company boasts a strong three-year total shareholder return of 94.07%, indicating potential long-term growth.
Market Valuation: Analysts suggest that Itron's shares are undervalued, with a fair value estimate of $140.20 compared to its last close at $96.24, raising questions about whether the market has already accounted for future growth.
Risks and Opportunities: While ongoing digitalization and IoT adoption are expected to drive revenue growth for Itron, potential regulatory delays and slower-than-anticipated SaaS growth could pose risks to its earnings momentum.








