Should I buy or sell Energy Recovery stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Recovery in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ERII shares. View ERII analyst ratings or view top-rated stocks .

What is Energy Recovery's stock price target for 2024?

2 Wall Street research analysts have issued 12-month price objectives for Energy Recovery's shares. Their ERII share price targets range from $20.00 to $32.00. On average, they anticipate the company's stock price to reach $25.33 in the next year. This suggests a possible upside of 84.8% from the stock's current price. View analysts price targets for ERII or view top-rated stocks among Wall Street analysts .

How have ERII shares performed in 2024?

Energy Recovery's stock was trading at $18.84 on January 1st, 2024. Since then, ERII shares have decreased by 27.2% and is now trading at $13.71. View the best growth stocks for 2024 here .

When is Energy Recovery's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our ERII earnings forecast .

How can I listen to Energy Recovery's earnings call?

Energy Recovery will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745736".

How were Energy Recovery's earnings last quarter?

Energy Recovery, Inc. (NASDAQ:ERII) announced its earnings results on Wednesday, February, 21st. The industrial products company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.02. The industrial products company earned $57.19 million during the quarter, compared to analyst estimates of $63.57 million. Energy Recovery had a trailing twelve-month return on equity of 11.99% and a net margin of 16.75%. The company's revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 EPS.

What ETFs hold Energy Recovery's stock?

ETFs with the largest weight of Energy Recovery (NASDAQ:ERII) stock in their portfolio include VanEck Environmental Services ETF (EVX) , Subversive Food Security ETF (KCAL) , SPDR S&P Kensho Intelligent Structures ETF (SIMS) , First Trust Water ETF (FIW) , Goldman Sachs Future Planet Equity ETF (GSFP) , Horizon Kinetics Energy and Remediation ETF (NVIR) , iShares MSCI Water Management Multisector ETF (IWTR) and Ecofin U.S. Renewables Infrastructure Trust (RNEW) .

What is Bob Mao's approval rating as Energy Recovery's CEO?

2 employees have rated Energy Recovery Chief Executive Officer Bob Mao on Glassdoor.com . Bob Mao has an approval rating of 83% among the company's employees. 55.0% of employees surveyed would recommend working at Energy Recovery to a friend.

What other stocks do shareholders of Energy Recovery own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Energy Recovery investors own include NVIDIA (NVDA) , Advanced Micro Devices (AMD) , FireEye (FEYE) , Alibaba Group (BABA) , Enphase Energy (ENPH) , Micron Technology (MU) , Boeing (BA) , QUALCOMM (QCOM) , Gilead Sciences (GILD) and Novavax (NVAX) .

Who are Energy Recovery's major shareholders?

Energy Recovery's stock is owned by many different retail and institutional investors. Top institutional investors include Chatham Capital Group Inc. (0.14%) and Perpetual Ltd (0.07%). Insiders that own company stock include Alexander J Buehler, Arve Hanstveit , As Arvarius , David W Moon, Farshad Ghasripoor, Joan Kai Chow, Joshua Ballard, Lisa A Pollina, Ole Peter Lorentzen , Robert Yu Lang Mao, Rodney Clemente, Sherif Foda and William Yeung. View institutional ownership trends .

How do I buy shares of Energy Recovery?

Shares of ERII stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:ERII

Energy Recovery (ERII) Stock Price, News & Analysis

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Free ERII Stock Alerts

$13.71

+0.08 (+0.59%)

(As of 04/19/2024 ET)

Compare

Today's Range: $13.51
▼
$13.78
50-Day Range: $13.53
▼
$16.23
52-Week Range: $13.41
▼
$30.76

Volume: 375,863 shs
Average Volume: 458,594 shs
Market Capitalization: $782.57 million

P/E Ratio: 37.05
Dividend Yield: N/A
Price Target: $25.33

Get Energy Recovery alerts:

Energy Recovery MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 84.8% Upside
$25.33 Price Target
Short Interest: Healthy
4.55% of Float Sold Short
Dividend Strength: N/A
Sustainability: 0.24
Upright™ Environmental Score
News Sentiment: 0.31
Based on 4 Articles This Week
Insider Trading: Selling Shares
$1.52 M Sold Last Quarter
Proj. Earnings Growth: 50.00%
From $0.42 to $0.63 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.65 out of 5 stars

Industrial Products Sector

17th out of 167 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

2nd out of 13 stocks

3.5

Analyst's Opinion

Consensus Rating
Energy Recovery has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Energy Recovery has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.55% of the float of Energy Recovery has been sold short.
Short Interest Ratio / Days to Cover
Energy Recovery has a short interest ratio ("days to cover") of 5.2.
Change versus previous month
Short interest in Energy Recovery has recently decreased by 2.71%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Energy Recovery does not currently pay a dividend.
Dividend Growth
Energy Recovery does not have a long track record of dividend growth.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Energy Recovery has received a 40.97% net impact score from Upright. Energy Recovery seems to create the most significant positive value in categories "Taxes", "GHG emissions", and "Jobs". The positive contribution in the "GHG emissions" impact category is driven by its "Waste heat recovery systems" and "Pumps" products. See details.
Environmental Sustainability
The Environmental Impact score for Energy Recovery is 0.24.

1.8

News and Social Media Coverage

News Sentiment
Energy Recovery has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Energy Recovery this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for ERII on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Energy Recovery insiders have sold 811.21% more of their company's stock than they have bought. Specifically, they have bought $166,732.00 in company stock and sold $1,519,283.00 in company stock.
Percentage Held by Insiders
Only 4.70% of the stock of Energy Recovery is held by insiders.
Percentage Held by Institutions
83.58% of the stock of Energy Recovery is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Energy Recovery are expected to grow by 50.00% in the coming year, from $0.42 to $0.63 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Energy Recovery is 37.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Energy Recovery is 37.05, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.22.
Price to Book Value per Share Ratio
Energy Recovery has a P/B Ratio of 3.52. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Energy Recovery Stock (NASDAQ:ERII)

Energy Recovery, Inc., together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the Americas, the Middle East, Africa, Asia, and Europe. The company operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation booster pumps for use in seawater and brackish desalination, and wastewater treatment. It also provides PX G1300, which reduces energy consumption and operating costs of carbon dioxide-based refrigeration systems; and spare parts, as well as repair, field, and commissioning services. It sells its products under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, Ultra PX, PX G, PX G1300, PX PowerTrain, AT, and Aquabold brands to original equipment manufacturers, supermarket chains, cold storage facilities, refrigeration system installers, and other industrial users; aftermarket customers consisting of desalination plant owners and operators; and project developers, end-users, and industry consultants, as well as engineering, procurement, and construction firms. Energy Recovery, Inc. was incorporated in 1992 and is headquartered in San Leandro, California.

ERII Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ERII Stock News Headlines

April 18, 2024 | bloomberg.com

Market Indigestion Sets Up a Second Half Recovery: Dwyer

April 18, 2024 | money.usnews.com

Energy Recovery Inc

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 3, 2024 | businesswire.com

Energy Recovery to Release First Quarter 2024 Financial Results

March 1, 2024 | benzinga.com

Noteworthy Insider Activity: David W Moon Invests $166K In Energy Recovery Stock

February 24, 2024 | finance.yahoo.com

Energy Recovery, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

February 23, 2024 | benzinga.com

Energy Recovery Stock (NASDAQ:ERII), Insider Trading Activity

February 23, 2024 | finance.yahoo.com

Energy Recovery Full Year 2023 Earnings: Misses Expectations

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

February 22, 2024 | finance.yahoo.com

Energy Recovery, Inc. (NASDAQ:ERII) Q4 2023 Earnings Call Transcript

February 22, 2024 | seekingalpha.com

Energy Recovery Is Close To Fair Value, But I Wait For Lower Prices

February 22, 2024 | finance.yahoo.com

Q4 2023 Energy Recovery Inc Earnings Call

February 21, 2024 | benzinga.com

Recap: Energy Recovery Q4 Earnings

February 21, 2024 | msn.com

Energy Recovery announces CFO departure

February 21, 2024 | finance.yahoo.com

Energy Recovery Inc Reports Record Revenue Growth in Q4 and FY 2023

February 21, 2024 | sfgate.com

Energy Recovery: Q4 Earnings Snapshot

February 21, 2024 | finance.yahoo.com

Energy Recovery Announces CFO Transition

February 21, 2024 | finance.yahoo.com

Energy Recovery Reports Record Full Year and Fourth Quarter Revenue for 2023

February 21, 2024 | businesswire.com

Energy Recovery Announces CFO Transition

February 21, 2024 | businesswire.com

Energy Recovery Reports Record Full Year and Fourth Quarter Revenue for 2023

February 20, 2024 | seekingalpha.com

Energy Recovery Q4 2023 Earnings Preview

February 13, 2024 | finance.yahoo.com

Energy Recovery Announces $28 Million in Desalination Contracts for Flagship PX Q400 Energy Recovery Device

February 6, 2024 | finance.yahoo.com

Energy Recovery (ERII) Fell on CEO Replacement

January 30, 2024 | msn.com

Energy giant Schneider Electric hit by huge ransomware attack

January 27, 2024 | seekingalpha.com

Energy Recovery: Operating In Vital Markets But Lacking Appealing Value

January 24, 2024 | finance.yahoo.com

What Is Energy Recovery, Inc.'s (NASDAQ:ERII) Share Price Doing?

January 24, 2024 | finance.yahoo.com

Energy Recovery to Release Full Year and Fourth Quarter 2023 Financial Results

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Industrial Products
Industry: Special industry machinery, not elsewhere classified
Sub-Industry: Industrial Machinery
Current Symbol: NASDAQ:ERII
CUSIP: 29270J10
CIK: 1421517
Web: www.energyrecovery.com
Phone: (510) 483-7370
Fax: 510-483-7371
Employees: 269
Year Founded: 1992

Price Target and Rating

Average Stock Price Target: $25.33
High Stock Price Target: $32.00
Low Stock Price Target: $20.00
Potential Upside/Downside: +85.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.37
Trailing P/E Ratio: 36.84
Forward P/E Ratio: 32.45
P/E Growth: N/A
Net Income: $21.50 million
Net Margins: 16.75%
Pretax Margin: 17.69%
Return on Equity: 11.99%
Return on Assets: 10.44%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 8.64
Quick Ratio: 7.42

Sales & Book Value

Annual Sales: $128.35 million
Price / Sales: 6.06
Cash Flow: $0.47 per share
Price / Cash Flow: 28.98
Book Value: $3.89 per share
Price / Book: 3.50

Miscellaneous

Outstanding Shares: 57,080,000
Free Float: 54,396,000
Market Cap: $778.00 million
Optionable: Optionable
Beta: 1.27

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Key Executives

Mr. Joshua Ballard CFA
Chief Financial Officer
Dr. Farshad Ghasripoor (Age 64)
Chief Technology Officer
Comp: $523.52k
Mr. William W. Yeung (Age 52)
Chief Legal Officer & Secretary to the Board
Comp: $561k
Mr. Rodney Clemente (Age 44)
Senior Vice President of Water
Comp: $575.69k
Mr. David W. Moon (Age 62)
President, CEO & Director
Mr. Nocair Bensalah (Age 55)
Vice President of Operations
Comp: $358.38k
Mr. James Siccardi
Vice President of Investor Relations
Ms. Kelley Vendeland
Vice President of Marketing & Sustainability

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ERII Stock Analysis - Frequently Asked Questions

Should I buy or sell Energy Recovery stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Recovery in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ERII shares.
View ERII analyst ratings or view top-rated stocks.
What is Energy Recovery's stock price target for 2024?: 2 Wall Street research analysts have issued 12-month price objectives for Energy Recovery's shares. Their ERII share price targets range from $20.00 to $32.00. On average, they anticipate the company's stock price to reach $25.33 in the next year. This suggests a possible upside of 84.8% from the stock's current price.
View analysts price targets for ERII or view top-rated stocks among Wall Street analysts.
How have ERII shares performed in 2024?: Energy Recovery's stock was trading at $18.84 on January 1st, 2024. Since then, ERII shares have decreased by 27.2% and is now trading at $13.71.
View the best growth stocks for 2024 here.
When is Energy Recovery's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ERII earnings forecast.
How can I listen to Energy Recovery's earnings call?: Energy Recovery will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745736".
How were Energy Recovery's earnings last quarter?: Energy Recovery, Inc. (NASDAQ:ERII) announced its earnings results on Wednesday, February, 21st. The industrial products company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.02. The industrial products company earned $57.19 million during the quarter, compared to analyst estimates of $63.57 million. Energy Recovery had a trailing twelve-month return on equity of 11.99% and a net margin of 16.75%. The company's revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 EPS.

What ETFs hold Energy Recovery's stock?: ETFs with the largest weight of Energy Recovery (NASDAQ:ERII) stock in their portfolio include VanEck Environmental Services ETF (EVX), Subversive Food Security ETF (KCAL), SPDR S&P Kensho Intelligent Structures ETF (SIMS), First Trust Water ETF (FIW), Goldman Sachs Future Planet Equity ETF (GSFP), Horizon Kinetics Energy and Remediation ETF (NVIR), iShares MSCI Water Management Multisector ETF (IWTR) and Ecofin U.S. Renewables Infrastructure Trust (RNEW).
What is Bob Mao's approval rating as Energy Recovery's CEO?: 2 employees have rated Energy Recovery Chief Executive Officer Bob Mao on Glassdoor.com. Bob Mao has an approval rating of 83% among the company's employees. 55.0% of employees surveyed would recommend working at Energy Recovery to a friend.
What other stocks do shareholders of Energy Recovery own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Energy Recovery investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), FireEye (FEYE), Alibaba Group (BABA), Enphase Energy (ENPH), Micron Technology (MU), Boeing (BA), QUALCOMM (QCOM), Gilead Sciences (GILD) and Novavax (NVAX).
Who are Energy Recovery's major shareholders?: Energy Recovery's stock is owned by many different retail and institutional investors. Top institutional investors include Chatham Capital Group Inc. (0.14%) and Perpetual Ltd (0.07%). Insiders that own company stock include Alexander J Buehler, Arve Hanstveit, As Arvarius, David W Moon, Farshad Ghasripoor, Joan Kai Chow, Joshua Ballard, Lisa A Pollina, Ole Peter Lorentzen, Robert Yu Lang Mao, Rodney Clemente, Sherif Foda and William Yeung.
View institutional ownership trends.
How do I buy shares of Energy Recovery?: Shares of ERII stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ERII) was last updated on 4/19/2024 by MarketBeat.com Staff

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Energy Recovery (ERII) Stock Price, News & Analysis

Energy Recovery MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Energy Recovery Stock (NASDAQ:ERII)

ERII Stock Price History

ERII Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

ERII Stock Analysis - Frequently Asked Questions

Overall MarketRank^™