Leading technology and services company, Itron, Inc. (ITRI - Free Report) entered into an alliance with WaterSmart Software, the technology pioneer of behavioral customer engagement solutions, in order to help utilities become more water-efficient.
Itron signed a three-year agreement to distribute WaterSmart’s software platform. The software uses behavioral science to save water, energy and money. The WaterSmart platform leverages utility meter, climate and property data to better communicate with residential customers.
The alliance will combine the strengths of both companies, including Itron’s leadership in delivering smart networks and analytics, and WaterSmart’s market-leading consumer engagement technology. Water suppliers will receive analytics which will provide them a better understanding of customer consumption and program participation trends.
This collaboration will expand Itron’s water Advanced Metering Infrastructure (AMI) portfolio in North America. Itron’s customers will benefit hugely from WaterSmart’s expertise in enhancing consumer engagement and deriving more value from data collected throughout the distribution network.
The company continues to focus on investments to increase operational efficiencies and customer-service levels by embracing new technologies. The company is also undertaking aggressive measures to strengthen quality processes, additional project risk management controls, centralized global supplier and procurement management.
Moreover, significant backlog growth, benefits from restructuring and efficiency projects as well as Itron OpenWay Riva next generation platform are expected to drive revenue growth and improve profitability.
Currently, Itron carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector are Agilent Technologies, Inc. (A - Free Report) , CommScope Holding Company, Inc. (COMM - Free Report) and Cognex Corporation (CGNX - Free Report) , each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Leading technology and services company, Itron, Inc. (ITRI - Free Report) entered into an alliance with WaterSmart Software, the technology pioneer of behavioral customer engagement solutions, in order to help utilities become more water-efficient.
Itron signed a three-year agreement to distribute WaterSmart’s software platform. The software uses behavioral science to save water, energy and money. The WaterSmart platform leverages utility meter, climate and property data to better communicate with residential customers.
The alliance will combine the strengths of both companies, including Itron’s leadership in delivering smart networks and analytics, and WaterSmart’s market-leading consumer engagement technology. Water suppliers will receive analytics which will provide them a better understanding of customer consumption and program participation trends.
This collaboration will expand Itron’s water Advanced Metering Infrastructure (AMI) portfolio in North America. Itron’s customers will benefit hugely from WaterSmart’s expertise in enhancing consumer engagement and deriving more value from data collected throughout the distribution network.
The company continues to focus on investments to increase operational efficiencies and customer-service levels by embracing new technologies. The company is also undertaking aggressive measures to strengthen quality processes, additional project risk management controls, centralized global supplier and procurement management.
Moreover, significant backlog growth, benefits from restructuring and efficiency projects as well as Itron OpenWay Riva next generation platform are expected to drive revenue growth and improve profitability.
Currently, Itron carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector are Agilent Technologies, Inc. (A - Free Report) , CommScope Holding Company, Inc. (COMM - Free Report) and Cognex Corporation (CGNX - Free Report) , each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on ITRI - FREE
Get the latest research report on A - FREE
Get the latest research report on CGNX - FREE
Get the latest research report on COMM - FREE