Back to top

Analyst Blog

Itron, Inc. (ITRI - Analyst Report) has signed a five-year contract with British Gas for comprehensive managed services. As per the contract, Itron will share its expertise to serve more than 1.25 million customers of British Gas in the UK to support electricity prepayment services.

According to the new deal, Itron will provide a B2B customer support call center, prepayment vending transaction management, meter data management, data reporting, technical support and consulting services. It will also increase the level of efficiency, quality of service and customer satisfaction facilitating modern and smart metering standards.

Itron’s Managed Services offers electricity prepayment solution which includes collection and processing of prepayment meter data as well as issuing prepayment keys, providing tariff updates and solution support to consumers. Moreover, Itron’s in-home vending service enables customers to purchase and add credit to their meter from their home rather than visiting a retail outlet.

British Gas has already entrusted Itron with its Managed Services. The renewed contract will assist British Gas to continue delivering market-leading solutions to its existing and new customers and help it to remain focused on its core business operations.

Itron, which belongs to the electrical equipment industry along with Ametek Inc. (AME - Snapshot Report), Teradyne Inc. (TER - Analyst Report) and Agilent Technologies Inc. (A - Analyst Report), recently entered into a strategic alliance with a Brazilian technology company, Choice. Both the companies will integrate and jointly market a non-technical loss (NTL) solution to utilities around the world.

Liberty Lake, Wash.-based Itron Inc., along with its subsidiaries, is one of the principal technology providers to the energy and water industries worldwide. It produces electricity, gas, water, and heat meters, data collection and utility software solutions along with various other associated metering products for residential, commercial and industrial, and transmission and distribution customers.

Itron currently retains a short-term Zacks Rank #5 (Strong Sell).

 

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
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%