Research snapshot · 6/25/26

BMIBadger Meter, Inc.

Water infrastructure and environmental permitting for AI data centers

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Conviction●●●○○3 of 5
Research target164.4Snapshot target
Thesis statusINTACTLast reviewed 6/25/26
Market cap3.92BSnapshot value

A pure-play on smart water infrastructure, providing critical flow measurement and monitoring technology that enables efficiency and conservation for utilities. [1, 22]

Deployment of a large backlog of awarded smart meter connections in the second half of 2026, and continued adoption of cellular AMI technology. [22]

Smart water infrastructure capex deferrals; utility customer budget cuts; competition from larger meter manufacturers

Neutral — water infrastructure niche, limited social coverage

Snapshot · 6/25/26

🟢 Confirmed · ins+$0.8M(5buy) · 13F 21+/4- · short↓0.35

Snapshot · 6/25/26