Investing the Recovery Act - Smart Meter
The Recovery Act not only boost the economy it is also a good source of investment. In this article lets look at project 15 on the Recover Act Report - Smart Meter.
In this project Itron Inc. (ITRI), a Washington State based leading technology provider to the energy and water industries throughout the world, has received $5.2 million of Advanced Energy Manufacturing Tax Credit to help them re-equip their West Union, South Carolina facility to produce an increased number of OpenWay CENTRON smart meters for smart grid projects around the nation. The Recovery Act gave significant growth and allowed the company to expand 200 new jobs.
At the moment ITRI is trading significantly lower than its 52 week high and has just came off the 52 week low. Although recently the company reported revenue below analyst estimates, with new insider buying and raised revenue guidance for 2010 the stock looks really attractive.
In this project Itron Inc. (ITRI), a Washington State based leading technology provider to the energy and water industries throughout the world, has received $5.2 million of Advanced Energy Manufacturing Tax Credit to help them re-equip their West Union, South Carolina facility to produce an increased number of OpenWay CENTRON smart meters for smart grid projects around the nation. The Recovery Act gave significant growth and allowed the company to expand 200 new jobs.
At the moment ITRI is trading significantly lower than its 52 week high and has just came off the 52 week low. Although recently the company reported revenue below analyst estimates, with new insider buying and raised revenue guidance for 2010 the stock looks really attractive.
posted by Stock Geek at
12:12 AM
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