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TELUS (TU) & JOLT Team Up to Install EV Charging Stations
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TELUS Corporation (TU - Free Report) is collaborating with JOLT to set up 5,000 public DC fast chargers across Canada for electric vehicles (EVs), powered by TELUS wi-fi network. JOLT is an Australia-based company that provides charging network (with recent footprint expansion in New Zealand as well) and counts Endeavour Energy, Transport for NSW, Ausgrid and many other local government councils across Australia as partners.
TELUS and JOLT will begin installing EV charging stations across the country in the latter half of 2023. TU noted that all electric vehicle drivers will be able to use their JOLT app to access 7 kWh of free charging per day across the JOLT EV charging network. This is equal to nearly 15-20 minutes of charging time and 40-50 kilometers of range depending on the type of EV, added TELUS.
Amid increasing numbers of EVs, this collaboration will provide drivers with easily accessible and cost-effective EV charging service across Canada. It is estimated that there will be a requirement of about 200,000 public charging stations across Canada to meet the rising numbers of EVs, noted TELUS citing a government of Canada report. EVs have seen increasing proliferation in recent times as the world strives to cut down on green house gas emissions and tackle climate-change crisis.
The collaboration with JOLT further provides impetus to TELUS’ sustainability endeavors. The company is striving toward powering its entire operations by renewable energy by 2025 and become a carbon-neutral company with zero wastage by 2030. TELUS highlighted that it is 90% on its way to achieve its goal of running entire operations on renewable energy owing to its investments in Power Purchase agreements.
TELUS is one of the largest telecom carriers in Canada (the largest in western Canada), covering 95% of the country’s population. TU provides wireless, wireline, and Internet communications services for voice and data to businesses and consumers. The company operates as the incumbent local exchange carrier in British Columbia, Alberta and parts of Quebec.
At present, TELUS carries a Zacks Rank #3 (Hold). The stock has lost 11.7% compared with the sub-industry’s decline of 8% in the past year.
The Zacks Consensus Estimate for Dropbox’s 2023 earnings has increased 10.1% in the past 60 days to $1.85 per share. The long-term earnings growth rate is anticipated to be 12.3%.
Dropbox’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 10.4%. Shares of DBX have gained 17.9% in the past year.
The Zacks Consensus Estimate for Badger Meter’s 2023 earnings has improved 1.5% in the past 60 days to $2.69 per share.
Badger Meter’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 5.3%. Shares of BMI have surged 91.2% in the past year.
The Zacks Consensus Estimate for Blackbaud’s 2023 earnings has gained 9.3% in the past 60 days to $3.75 per share.
Blackbaud’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average surprise being 10.4%. Shares of BLKB have jumped 21.8% in the past year.
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TELUS (TU) & JOLT Team Up to Install EV Charging Stations
TELUS Corporation (TU - Free Report) is collaborating with JOLT to set up 5,000 public DC fast chargers across Canada for electric vehicles (EVs), powered by TELUS wi-fi network. JOLT is an Australia-based company that provides charging network (with recent footprint expansion in New Zealand as well) and counts Endeavour Energy, Transport for NSW, Ausgrid and many other local government councils across Australia as partners.
TELUS and JOLT will begin installing EV charging stations across the country in the latter half of 2023. TU noted that all electric vehicle drivers will be able to use their JOLT app to access 7 kWh of free charging per day across the JOLT EV charging network. This is equal to nearly 15-20 minutes of charging time and 40-50 kilometers of range depending on the type of EV, added TELUS.
Amid increasing numbers of EVs, this collaboration will provide drivers with easily accessible and cost-effective EV charging service across Canada. It is estimated that there will be a requirement of about 200,000 public charging stations across Canada to meet the rising numbers of EVs, noted TELUS citing a government of Canada report. EVs have seen increasing proliferation in recent times as the world strives to cut down on green house gas emissions and tackle climate-change crisis.
The collaboration with JOLT further provides impetus to TELUS’ sustainability endeavors. The company is striving toward powering its entire operations by renewable energy by 2025 and become a carbon-neutral company with zero wastage by 2030. TELUS highlighted that it is 90% on its way to achieve its goal of running entire operations on renewable energy owing to its investments in Power Purchase agreements.
TELUS Corporation Price and Consensus
TELUS Corporation price-consensus-chart | TELUS Corporation Quote
TELUS is one of the largest telecom carriers in Canada (the largest in western Canada), covering 95% of the country’s population. TU provides wireless, wireline, and Internet communications services for voice and data to businesses and consumers. The company operates as the incumbent local exchange carrier in British Columbia, Alberta and parts of Quebec.
At present, TELUS carries a Zacks Rank #3 (Hold). The stock has lost 11.7% compared with the sub-industry’s decline of 8% in the past year.
Image Source: Zacks Investment Research
Stocks to Consider
Some top-ranked stocks in the broader technology space are Dropbox (DBX - Free Report) , Badger Meter (BMI - Free Report) and Blackbaud (BLKB - Free Report) . Dropbox and Blackbaud presently sport a Zacks Rank #1 each, while Badger Meter carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Dropbox’s 2023 earnings has increased 10.1% in the past 60 days to $1.85 per share. The long-term earnings growth rate is anticipated to be 12.3%.
Dropbox’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 10.4%. Shares of DBX have gained 17.9% in the past year.
The Zacks Consensus Estimate for Badger Meter’s 2023 earnings has improved 1.5% in the past 60 days to $2.69 per share.
Badger Meter’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 5.3%. Shares of BMI have surged 91.2% in the past year.
The Zacks Consensus Estimate for Blackbaud’s 2023 earnings has gained 9.3% in the past 60 days to $3.75 per share.
Blackbaud’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average surprise being 10.4%. Shares of BLKB have jumped 21.8% in the past year.