1 Overlooked ETF to Invest in Small-Cap Tech Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 23 2024
0mins
Source: NASDAQ.COM
Small-Cap Stocks Surge: Small-cap stocks, particularly represented by the Russell 2000 Index, have gained over 10% year-to-date due to rising expectations for an interest rate cut by the Federal Reserve, attracting investors seeking alternatives to high-valued mega-cap tech stocks.
Invesco S&P SmallCap Information Technology ETF (PSCT): The PSCT ETF focuses on small-cap tech companies and has shown potential for growth despite recent underperformance compared to larger indices; it offers a unique investment opportunity in the burgeoning small-cap tech sector with a competitive expense ratio.
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Analyst Views on BMI
Wall Street analysts forecast BMI stock price to rise
7 Analyst Rating
5 Buy
1 Hold
1 Sell
Moderate Buy
Current: 127.970
Low
157.00
Averages
214.86
High
243.00
Current: 127.970
Low
157.00
Averages
214.86
High
243.00
About BMI
Badger Meter, Inc. is a manufacturer and marketer of products incorporating flow measurement, quality, control and other system solutions serving markets worldwide. Its offerings, marketed as BlueEdge, include a suite of tailorable solutions that connect water management technology, software and support services to deliver insights enabling the proactive management of water across the water cycle. Its solutions include measurement and control hardware, connectivity and communication, data visualization and software-delivered actionable insights, and ongoing support to optimize customers' operations. Its measurement and control hardware, instruments and sensors include product families, such as meters that measure the flow of water and other fluids, water quality monitoring solutions and high frequency pressure and acoustic leak detection hardware that provides real-time monitoring data. It offers a range of communication solutions including the ORION branded family of radio endpoints.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Class Action Initiation: Rosen Law Firm has announced a class action lawsuit on behalf of Badger Meter, Inc. (NYSE:BMI) shareholders who purchased stock between April 18, 2024, and April 16, 2026, indicating potential investor losses due to misleading statements.
- False Statements Revealed: The lawsuit claims that Badger Meter's financial results during this period were obscured by false statements, with actual demand weakening, leading to investor losses once the truth emerged, negatively impacting the company's reputation and stock price.
- Investor Rights Protection: Investors joining the lawsuit incur no out-of-pocket expenses and may receive compensation through a contingency fee arrangement, highlighting a commitment to safeguarding investor rights.
- Law Firm Credentials: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, underscoring its expertise and influence in such cases.
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- Lawsuit Background: Robbins LLP reminds all investors who purchased Badger Meter, Inc. (NYSE: BMI) common stock between April 18, 2024, and April 16, 2026, that a class action has been filed, alleging the company concealed weakening demand and deteriorating order trends.
- Misleading Financial Performance: According to the complaint, Badger Meter's claims of 'strong demand' and 'robust order pacing' were misleading, as the company pulled forward customer orders to mask declining demand, leading to investor misconceptions about future growth.
- Declining Performance: In the financial report on April 17, 2026, Badger Meter disclosed a 9% year-over-year decline in total sales, a 10% drop in utility water sales, and operating earnings of $35.2 million with a margin of 17.4%, indicating significant deterioration in company performance.
- Stock Price Plunge: Following the disappointing earnings report, Badger Meter's stock price fell by over 24%, from $152.29 on April 16, 2026, to $115.54, reflecting severe market concerns regarding the company's financial health.
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- Shareholder Investigation Launched: Grabar Law Office is investigating Badger Meter, Inc. (NYSE: BMI) for potential breaches of fiduciary duties by its executives, allowing shareholders who held shares since April 18, 2024, to seek corporate reforms and fund recovery.
- Financial Performance Under Scrutiny: A recent federal securities class action alleges that Badger Meter executives misled investors by attributing financial success to sustainable demand, while masking weakening demand trends, leading to a distorted perception of the company's growth prospects.
- Disappointing Earnings Disclosures: Throughout 2025 and 2026, Badger Meter reported disappointing quarterly results, revealing slowing revenue growth, declining margins, and weak municipal customer orders, which resulted in significant stock price declines and raised concerns about the company's financial health.
- Potential Legal Consequences: As the investigation progresses, Badger Meter may face legal liabilities, and shareholders can pursue compensation through class action, which could not only impact the company's reputation but also adversely affect its future financing capabilities.
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- Class Action Initiated: Badger Meter, Inc. and certain officers are facing a class action lawsuit for alleged violations of federal securities laws, targeting investors who purchased securities between April 18, 2024, and April 16, 2026, highlighting significant investor concerns over financial transparency.
- False Statements Allegations: The complaint alleges that the company failed to disclose that its reported strong financial results did not reflect ongoing favorable industry trends or solid operational execution, indicating potential risks of financial misrepresentation that could undermine investor confidence.
- Overstated Growth Prospects: The lawsuit claims that the company's assertions of “strong” demand and “robust” order pacing were exaggerated, suggesting that the true state of the company's sales and earnings growth capabilities may be significantly lower than represented, potentially leading to investor losses.
- Investor Action Deadline: Affected investors have until August 3, 2026, to request appointment as lead plaintiff to participate in potential recovery, underscoring the importance of legal proceedings in protecting investor rights.
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- Class Action Notice: The Schall Law Firm reminds investors of a class action lawsuit against Badger Meter, Inc. (NYSE:BMI) for securities purchased between April 18, 2024, and April 16, 2026, urging investors to contact the firm before August 3, 2026, to participate.
- False Statement Allegations: The complaint alleges that Badger Meter made false and misleading statements regarding its financial performance, claiming it was driven by 'secular growth drivers' and 'solid operating execution,' while in reality, it relied on pulling forward customer orders to recognize revenue prematurely.
- Market Reaction Impact: As the market learned the truth about Badger Meter's operations, investors suffered damages, indicating significant deficiencies in the company's financial transparency and integrity, which could lead to stock price declines and diminished investor confidence.
- Legal Representation Information: The Schall Law Firm specializes in securities class action lawsuits and encourages affected investors to contact them promptly to discuss their rights and ensure proper legal support before class certification occurs.
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- Class Action Notice: The Gross Law Firm has issued a notice to Badger Meter shareholders, encouraging those who purchased shares between April 18, 2024, and April 16, 2026, to contact the firm regarding potential lead plaintiff appointments for recovery.
- Allegations of False Statements: The filed complaint alleges that Badger Meter's management made false statements regarding financial performance, product demand, and growth prospects, claiming that results reflected 'ongoing favorable industry trends' and 'strong order pacing'.
- Participation Requirements: Shareholders must register by August 3, 2026, to seek lead plaintiff status, and upon registration, they will receive updates throughout the case lifecycle, with no costs or obligations to participate.
- Law Firm Credentials: The Gross Law Firm is a nationally recognized class action firm committed to protecting investors' rights, emphasizing the need for companies to adhere to responsible business practices and recover losses incurred from misleading statements.
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