Core Viewpoint - Badger Meter, Inc. is recognized as a solid company in the smart-water technology market, but faces challenges due to its premium valuation and expected growth slowdown as the market matures [2][3]. Group 1: Company Overview - Badger Meter, Inc. (NYSE:BMI) is a manufacturer and marketer of flow measurement, water quality, and control solutions, serving customers globally [4]. - The company is an early leader in North America's smart-water tech market, with approximately 40% of its connection points migrated to its Advanced Metering Infrastructure (AMI) platform [3]. Group 2: Growth Opportunities - Badger Meter anticipates increased adoption of its AMI platform as customers replace outdated equipment and new features, such as real-time water quality and pressure monitoring, enhance the value of upgrades [3]. - The company is targeting growth through flow instrumentation opportunities in industrial and smart-building applications, as well as expanding into international markets like Europe and the Middle East [3]. Group 3: Acquisitions - Acquisitions are a key growth driver for Badger Meter, exemplified by its $185 million acquisition of SmartCover in early 2025, which enhances its wastewater monitoring capabilities and creates cross-selling opportunities [4].

Core Points - Advanced Energy Industries, Inc. has announced a quarterly cash dividend of $0.10 per share [1] - The dividend is payable on December 5, 2025, to shareholders of record as of November 24, 2025 [1] - Future dividend declarations and related dates are subject to board review and approval [1]

Core Viewpoint - The article highlights Advanced Energy Industries (AEIS) as a key player in the semiconductor supply chain, particularly in providing high-precision power systems essential for chip manufacturing, amidst the growing demand driven by AI, EVs, and renewable energy [2][6]. Company Overview - AEIS is not a chipmaker or a major equipment manufacturer but specializes in high-performance power conversion, measurement, and control solutions for semiconductor and industrial applications [4]. - The company serves major customers like Applied Materials, Lam Research, and Tokyo Electron, providing the necessary power systems for their equipment [5]. Industry Context - The semiconductor industry is experiencing significant growth, with increasing demand for wafers driven by AI data centers, electric vehicles, and renewable energy technologies [6]. - A multi-year infrastructure boom in global semiconductor fabrication, particularly in the U.S., South Korea, and Taiwan, is expected to benefit AEIS [6]. Financial Performance - AEIS is projected to see a rebound in semiconductor capital equipment spending in 2025, following a soft 2024, with demand for advanced nodes beginning to recover [7]. - The current year Zacks Consensus Estimate for AEIS's earnings is $5.68, reflecting a 53% year-over-year growth, with expectations of further growth to $6.54 next year [9]. - Revenue forecasts indicate a 16.7% growth to $1.73 billion this year, with an additional 6.76% growth to $1.85 billion next year [9]. Profitability Metrics - AEIS's gross margins are currently around 38%, with management targeting low 40s by 2026 through improved product mix and cost discipline [10]. - The company focuses on sustainable profitability rather than chasing unprofitable growth, demonstrating disciplined execution in a cyclical sector [8][10].