"Itron (NASDAQ: ITRI), which is involved in the build-out of smart grids -- has been our radar screen for awhile," says growth stock expert Toby Smith.
In his ChangeWave Investing, he suggests, "As the top supplier of smart meters and meter infrastructure for the electricity industry, Itron is by far the best-positioned company for the smart grid build-out."
"The build-out of smart grids employs technologies that deployed across an energy grid which allow greater efficiency and flexibility during energy distribution and transmission.
"The cool thing about smart grids is that they are capable of isolating and better managing power outages and disruptions, integrating local power generating equipment, and avoiding electricity congestion or bottlenecks.
Before the bell: Stocks futures steady ahead of GDP, housing data
Google's plan for netbook PCs moves higher into the clouds
So long peak oil, here comes peak uranium
