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Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NASDAQ:ERII

Energy Recovery (ERII) Stock Price, News & Analysis

$15.80
+0.65 (+4.29%)
(As of 03/27/2024 ET)
Today's Range
$15.28
$15.86
50-Day Range
$14.04
$16.98
52-Week Range
$13.95
$30.76
Volume
323,600 shs
Average Volume
488,177 shs
Market Capitalization
$901.86 million
P/E Ratio
42.70
Dividend Yield
N/A
Price Target
$25.33

Energy Recovery MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
60.3% Upside
$25.33 Price Target
Short Interest
Healthy
4.67% of Float Sold Short
Dividend Strength
N/A
Sustainability
+0.24
Upright™ Environmental Score
News Sentiment
1.33mentions of Energy Recovery in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$1.63 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.

4.95 out of 5 stars

Industrial Products Sector

4th out of 163 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

1st out of 13 stocks

ERII stock logo

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

ERII Stock News Headlines

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Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.
Crypto Market Preps For Trillions Worth of Inflows!
Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.
Q4 2023 Energy Recovery Inc Earnings Call
Recap: Energy Recovery Q4 Earnings
Energy Recovery announces CFO departure
Energy Recovery: Q4 Earnings Snapshot
Energy Recovery Announces CFO Transition
Energy Recovery Announces CFO Transition
Energy Recovery Q4 2023 Earnings Preview
Energy Recovery (ERII) Fell on CEO Replacement
Energy Recovery Appoints David Moon as President and CEO
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Today
3/28/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Special industry machinery, not elsewhere classified
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:ERII
CUSIP
29270J10
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
+60.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$21.50 million
Pretax Margin
17.69%

Debt

Sales & Book Value

Annual Sales
$128.35 million
Cash Flow
$0.49 per share
Book Value
$3.89 per share

Miscellaneous

Free Float
54,396,000
Market Cap
$901.86 million
Optionable
Optionable
Beta
1.28

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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

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 year. 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 brokerages have issued 1-year 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 share price to reach $25.33 in the next twelve months. This suggests a possible upside of 60.3% 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 at the beginning of the year. Since then, ERII stock has decreased by 16.1% and is now trading at $15.80.
View the best growth stocks for 2024 here
.

Are investors shorting Energy Recovery?

Energy Recovery saw a drop in short interest in March. As of March 15th, there was short interest totaling 2,580,000 shares, a drop of 15.1% from the February 29th total of 3,040,000 shares. Based on an average daily trading volume, of 465,400 shares, the short-interest ratio is currently 5.5 days. Currently, 4.7% of the company's shares are short sold.
View Energy Recovery's Short Interest
.

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 were Energy Recovery's earnings last quarter?

Energy Recovery, Inc. (NASDAQ:ERII) released its earnings results on Wednesday, February, 21st. The industrial products company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 16.75% and a trailing twelve-month return on equity of 11.99%. Energy Recovery's revenue was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS.

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 Brown Capital Management LLC (7.71%), Vanguard Group Inc. (5.23%), Vanguard Group Inc. (5.18%), FIL Ltd (3.92%), Avenir Corp (3.05%) and KBC Group NV (1.92%). 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 3/28/2024 by MarketBeat.com Staff

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