Badger Meter stock plunges 24% after Q1 earnings miss sparks fraud investigation

Badger Meter reported Q1 2026 earnings and revenue significantly below analyst expectations, with EPS at $0.93 missing estimates by $0.26 and revenue at $202.03 million missing by $28.58 million. The company also disclosed a 10% decline in utility water sales due to project timing and weaker municipal orders. Following the disappointing results, Badger Meter's stock price dropped 24.13%, triggering a securities fraud investigation by Pomerantz LLP into whether the company and its executives engaged in unlawful practices. Investors affected are encouraged to contact the law firm for potential class action participation.