10 Best Smart City Stocks to Invest In

7. Xylem Inc. (NYSE:XYL)

Number of Hedge Fund Holders: 45

Xylem Inc. (NYSE:XYL) is one of the best smart city stocks. On September 11, Xylem and Amazon announced a collaboration for advanced water management technology in Mexico City and Monterrey to conserve over 1.3 billion liters of water per year.

The project will deploy Xylem Vue, a software solution that applies data analytics to spot leaks and lower water waste, aiming to conserve about 800 million liters annually in Mexico City and 560 million liters in Monterrey.

Mexico City’s water infrastructure, which caters to 9 million residents, loses as much as 40% of water to leaks in the pipes. Real-time pressure management and proactive leak detection will help repair issues quickly.

The project in Monterrey widens the existing Xylem Vue system across two additional districts, including a low-income area, while also offering high-tech leak detection technology.

Jaime Barba, General Manager at Xylem Vue, commented that capturing over a billion liters of water annually makes a crucial difference in a water-deprived region.

The initiative is integrated into Amazon’s global water stewardship plan, featuring over 30 projects meant to restore more than 14 billion liters of water.

Xylem Inc. (NYSE:XYL) builds and provides services for engineered products like pumps, water treatment systems, smart meters, sensors, software, and maintenance services for cities.