Itron's (NASDAQ: ITRI) shares have been performing well on the trading front, with a gain of 33.1% year to date compared with 19.2% and 2.5% growth of the S&P 500 composite and the sub-industry, respectively.  The stock is down 16.4% from its 52-week high level of $113.07, reflecting further potential upside. Headquartered in Liberty Lake, WA, Itron is one of the leading global suppliers of a wide range of standard, advanced and smart meters and meter communication systems. It also provides networks and communication modules, software, services and sensors for the effective management of electricity, gas and water resources for its consumers. With healthy fundamentals and strong growth opportunities, this Zacks Rank #2 (Buy) stock appears to be a solid investment option at present. Apart from a favorable rank, ITRI has a Growth Score of B. Per Zacks' proprietary methodology, stocks with a combination of a Zacks Rank #1 (Strong Buy) or 2 and  a Growth Score of A or B offer solid investment opportunities. Image Source: Zacks Investment Research The company's earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average surprise of 57%.   Steady Demand Trends Steady market demand remains the primary catalyst. The company recently posted its second-quarter 2024 results wherein revenues of $609 million beat the Zacks Consensus Estimate of $600 million. The top line expanded 13% (up 13% at constant currency) year over year. Successful operational execution and conversion of previously constrained revenues aided the top-line growth. Itron's bookings were $447 million, and its backlog amounted to $4.1 billion at the end ...