Alpha Wave Global LP Trims Stake in Energy Recovery, Inc. $ERII

Alpha Wave Global LP reduced its stake in Energy Recovery, Inc. (NASDAQ:ERII) by 26.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 527,871 shares of the industrial products company’s stock after selling 186,450 shares during the period. Energy Recovery makes up approximately 0.8% of Alpha Wave Global LP’s portfolio, making the stock its 14th biggest position. Alpha Wave Global LP owned about 1.00% of Energy Recovery worth $8,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc lifted its stake in Energy Recovery by 32.2% in the third quarter. Legal & General Group Plc now owns 1,307,738 shares of the industrial products company’s stock valued at $20,165,000 after buying an additional 318,584 shares during the last quarter. Royce & Associates LP acquired a new stake in Energy Recovery during the 3rd quarter worth $4,898,000. Qube Research & Technologies Ltd grew its position in Energy Recovery by 146.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 459,425 shares of the industrial products company’s stock worth $5,871,000 after purchasing an additional 272,648 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Energy Recovery by 5.1% in the second quarter. Ameriprise Financial Inc. now owns 5,401,044 shares of the industrial products company’s stock valued at $69,025,000 after buying an additional 262,151 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Energy Recovery by 42.6% during the second quarter. Invesco Ltd. now owns 861,344 shares of the industrial products company’s stock worth $11,008,000 after buying an additional 257,266 shares during the period. Hedge funds and other institutional investors own 83.58% of the company’s stock.

Analyst Upgrades and Downgrades

ERII has been the topic of several recent research reports. Loop Capital set a $13.00 price target on Energy Recovery in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. Finally, Northcoast Research started coverage on Energy Recovery in a report on Friday, March 6th. They set a “buy” rating and a $14.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Insider Buying and Selling

In related news, insider William Yeung sold 7,271 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $14.55, for a total transaction of $105,793.05. Following the completion of the sale, the insider directly owned 90,098 shares of the company’s stock, valued at approximately $1,310,925.90. This represents a 7.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rodney Clemente sold 20,568 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $10.61, for a total value of $218,226.48. Following the completion of the transaction, the senior vice president directly owned 116,008 shares in the company, valued at $1,230,844.88. This trade represents a 15.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 81,100 shares of company stock valued at $905,222. Company insiders own 3.20% of the company’s stock.

Energy Recovery Price Performance

Shares of NASDAQ:ERII opened at $10.05 on Friday. The business has a 50-day moving average of $13.89 and a two-hundred day moving average of $14.60. The firm has a market capitalization of $530.94 million, a PE ratio of 23.37 and a beta of 1.10. Energy Recovery, Inc. has a 12 month low of $9.59 and a 12 month high of $18.32.

Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.14). Energy Recovery had a net margin of 17.01% and a return on equity of 11.92%. The business had revenue of $66.59 million for the quarter, compared to analyst estimates of $82.59 million. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. As a group, research analysts anticipate that Energy Recovery, Inc. will post 0.36 earnings per share for the current year.

About Energy Recovery

Energy Recovery, Inc (NASDAQ: ERII) is an energy technology company specializing in the design and manufacture of high-efficiency devices that capture and repurpose energy in fluid-handling applications. The company’s core offering, the Pressure Exchanger® (PX®) device, enables seawater reverse osmosis (SWRO) desalination plants to recover and reuse hydraulic energy that would otherwise be lost during brine discharge. By integrating PX technology into desalination processes, Energy Recovery helps operators significantly reduce the energy consumption and operating costs of producing fresh water from seawater or brackish sources.

In addition to desalination solutions, Energy Recovery has expanded its portfolio to serve the oil and gas sector through turbocharger systems that improve the energy efficiency of hydraulic fracturing operations.