Tag Archives: rbc capital markets

Esco (ESE) Soars, Itron (ITRI) Plummets On News Esco May Win Sempra Energy (SRE) Gas Smart Meter Contract

Sempra Energy (SRE) will soon make an announcement as to which company will win the estimated $400 million smart meter contract.  It had been thought that Itron (ITRI) would win the contract, but today Esco Technologies (ESE) announced it was selected by Sempra for “negotiation of a definitive agreement”. 

RBC Capital Markets analyst Stuart Bush called the move unusual and said it implies Esco has a leading position in negotiations.  Stifel Nicolaus analyst Jeff Osborne … Read the rest