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United Technologies to Offer Energy Saving Solutions to AWRG

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United Technologies to Offer Energy Saving Solutions to AWRG

United Technologies' (UTX) business arm, EcoEnergy Insights, to make American West Restaurant Group's Pizza Hut restaurants more energy efficient with its IoT-based solutions.

United Technologies Corporation’s UTX business arm — EcoEnergy Insights — will make Pizza Hut restaurants of American West Restaurant Group (“AWRG”) more energy efficient with its state-of-the-art Internet of Things(IoT)-based energy-management solutions. EcoEnergy Insights is a division of UTC Climate, Controls & Security — a business segment of United Technologies.

Inside the Headlines

AWRG is the third largest Pizza Hut franchisee of the United States. In sync with the aforementioned deal, EcoEnergy Insights has created a customized IoT-based program for AWRG’s restaurants in Utah and California. This program will aid in integrating buildings across borders, thereby giving rise to more environmental sustainability and energy savings. EcoEnergy Insight's IoT-based advanced analytics solutions will help lower carbon footprint across all the Pizza Hut restaurants of AWRG. These intelligent IoT and CORTIX artificial intelligence solutions will be able to set up a three-prolonged energy site control strategy in every restaurant of AWRG. Notably, on the back of the deal, AWRG intends to bring in $2-million savings through energy efficiency from its 250 Pizza Hut restaurants over the next five years.

Prior to this, in 2015, AWRG had used EcoEnergy Insights’ solutions in a bid to trim its average monthly energy utilization by 15%. Within a year and a half, these solutions successfully reduced AWRG’s average monthly energy usage by nearly 18%.

Price Performance

Over the past month, United Technologies’ shares have rallied 3.9%, outperforming 0.6% growth recorded by the industry.

Zacks Rank & Key Picks

United Technologies currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are listed below:

Federal Signal Corporation FSS sports a Zacks Rank of 1 (Strong Buy). The company pulled off an average positive earnings surprise of 22.48% over the last four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.

Carlisle Companies Incorporated CSL holds a Zacks Rank #2 (Buy). The company generated an average positive earnings surprise of 12.85% over the trailing four quarters.

Crane Company CR also carries a Zacks Rank of 2. The company came up with an average positive earnings surprise of 3.03% during the same time frame.

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