Back to top

Analyst Blog

Itron, Inc. (ITRI - Analyst Report) declared the installation of its millionth water communication module for Yorkshire Water. Per the contract, Itron will deploy its Automated Meter Reading (AMR) services for residential and commercial customers of Yorkshire Water.

Yorkshire Water, a private water supply and treatment utility, delivers around 1.24 billion litres of drinking water each day in Yorkshire. Itron’s AMR solution, which comprises the newest generation of EverBlu module, will allow its customers to shift from remote mobile reading to fixed network reading.

The AMR solution will also increase Yorkshire Water’s operational efficiency and customer services by providing enhanced data regarding consumption, leakage and alarms supporting improved billing and query resolution. In addition, it will help utilities to remotely assess the performance of their networks and assets facilitating conservation of water resources and leakage reduction.

With this deployment, Itron has completed one million water communication modules in the UK and Ireland. Overall, Itron has deployed nearly 7 million smart water endpoints in Europe. The company celebrated the landmark by presenting Yorkshire Water with a special award.

Yorkshire Water on the other hand made the largest AMR deployment within the UK. water and wastewater industry, with around 50% customers utilizing AMR services in Yorkshire.

Itron, which belongs to the electrical equipment industry along with Agilent Technologies Inc. (A - Analyst Report) and Ametek Inc. (AME - Snapshot Report), recently introduced a new heat cost allocation solution – EquaScan –  in an attempt to deliver accurate and fair billing for the rapidly growing multifamily housing market. EquaScan will allow easier, more accurate and a secure way to measure, manage and allocate heat energy costs to consumers.

Liberty Lake, Wash.-based Itron produces electricity, gas, water, and heat meters, data collection and utility software solutions along with various associated metering products for residential, commercial and industrial, and transmission and distribution customers.

Itron currently retains a short-term Zacks Rank #3 (Hold). National Instruments Corporation (NATI - Snapshot Report) also belongs to the same industry and holds a Zacks Rank #1 (Strong Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ALASKA AIR… ALK 96.79 +2.26%
PILGRIMS PR… PPC 29.50 +1.90%
SASOL LTD -… SSL 58.83 +1.78%
NSK LTD -UN… NPSKY 26.70 +1.52%
CTPARTNERS… CTP 10.99 +1.29%