How TELUS is Transforming Energy Conservation for Canadians

TELUS Corporation Launches Innovative SmartEnergy Solution

TELUS Corporation (NYSE: TU) has unveiled its latest initiative, SmartEnergy, a pioneering solution crafted to assist customers in reducing their energy expenses while also promoting environmental sustainability. This initiative is perfectly encapsulated in an easy-to-use app that not only provides helpful insights but also offers appealing incentives for adopting smart devices. Canadians outside of Quebec can now access this service for just C$12 per month. Excitingly, new subscribers can enjoy the benefits of a smart thermostat and two smart plugs for a nominal one-time fee of C$25, representing a significant savings of over C$250.

At the heart of this solution is the SmartHome+ app, which leverages advanced AI technologies and real-time analytics to help users automate their daily routines, track their energy usage, and manage all connected devices — be they new or pre-existing — from a single, user-friendly interface. TELUS emphasizes that the ease of connectivity with compatible devices like thermostats and smart plugs enables subscribers to save as much as 15% on their energy bills. This is achieved through automated temperature control, turning off appliances that are not in use, and customizing usage patterns.

Additionally, the SmartHome+ app allows users to monitor their overall energy consumption and provides insights over various time frames, complete with practical tips for maximizing their savings. TELUS also encourages subscribers to participate in energy conservation events which help manage the load on the energy grid during peak periods. Participants can automatically deactivate devices or modify thermostat settings, all while reaping TELUS Rewards aimed at enhancing their sustainability efforts.

Expanding Smart Home Capabilities for Greater Savings

Looking ahead, TELUS is committed to broadening the array of smart devices compatible with its SmartHome+ app to include options such as electric vehicle (EV) chargers and home solar systems. This expansion will allow customers even greater savings opportunities while seamlessly managing their home automation, security, and Internet services. The company's collaboration with Canadian utility providers is aimed at supporting grid demand response programs, which are increasingly vital during extreme weather events that can elevate demand and potentially lead to shortages or outages.

TELUS Commitment to Environmental Sustainability

TELUS is passionately committed to environmental sustainability. As part of this commitment, the company pledges to plant four trees for every SmartEnergy subscriber each year, reflecting its broader goal of enhancing ecological health. Over the last twenty years, TELUS has planted an impressive total of 12.7 million trees, demonstrating its dedication to restoring forests and promoting a healthier environment for future generations.

The corporation aims to achieve 100% reliance on renewable or low-emission energy sources by 2025. Furthermore, by 2030, TELUS seeks to boost its energy efficiency by 50% compared to 2019 figures and aspires to attain net carbon neutrality by 2030 or sooner.

In a notable partnership with the Quebec Artificial Intelligence Institute, Mila, TELUS is improving its artificial intelligence capabilities for social good. This collaboration aims to drive innovative AI solutions and evaluate their impacts across various sectors, thereby delivering enhanced benefits to customers. TELUS's dedication to responsible AI has earned it recognition, including the Outstanding Organization award from the Responsible AI Institute for its commitment to trust and societal benefit.

Stock Performance and Comparisons

Currently, TELUS carries a Zacks Rank #3 (Hold). Over the past year, shares of the company have increased by 3.3%, although this lags behind the 7.5% growth observed in the broader sub-industry. Investors should keep a close watch on TELUS as it continues to innovate in the tech space and beyond.

Other Notable Stocks Worth Watching

Investors might also consider other well-ranked stocks within the technology sector that show promise. These include Manhattan Associates, Inc. (NASDAQ: MANH), ANSYS, Inc. (NASDAQ: ANSS), and American Software, Inc. (NASDAQ: AMSWA). Presently, Manhattan Associates holds a Zacks Rank #1 (Strong Buy), while ANSYS and American Software each hold Zacks Rank #2 (Buy).

Manhattan Associates has consistently delivered impressive earnings surprises, averaging 26.6% over the last four quarters. In the most recent quarter, it achieved an earnings surprise of 22.9%, reflecting a positive trajectory. ANSYS also boasts a reliable performance, with an average earnings surprise of 4.8% across three of the past four quarters, including a substantial 28.9% surprise in its latest quarter. Meanwhile, American Software has shown remarkable results, with an average earnings surprise of 84.5% across recent quarters, reinforcing its strong market position.

Frequently Asked Questions

What is the SmartEnergy solution by TELUS?

SmartEnergy is a solution launched by TELUS aimed at helping customers save on energy bills and increase sustainability using an accessible app.

How does the SmartHome+ app help users?

The SmartHome+ app allows users to monitor energy usage, automate routines, and control connected devices to achieve significant energy savings.

What environmental initiatives is TELUS undertaking?

TELUS is planting trees for SmartEnergy subscribers and aims for 100% renewable energy use by 2025 while pursuing net carbon neutrality by 2030.

What is the current Zacks Rank for TELUS?

TELUS currently holds a Zacks Rank #3, indicating a Hold position in the market.

Which other stocks are performing well in the technology sector?

Manhattan Associates, ANSYS, and American Software are notable stocks showing strong performance and good rankings in the technology sector.

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