Energy Recovery (NASDAQ:ERII) Rating Lowered to “Neutral” at Northcoast Research

Energy Recovery (NASDAQ:ERII) was downgraded by equities research analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, Marketbeat Ratings reports.

A number of other research firms have also issued reports on ERII. Loop Capital set a $13.00 price target on shares of Energy Recovery in a report on Monday, March 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Energy Recovery in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Energy Recovery presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Energy Recovery Price Performance

ERII stock opened at $10.45 on Wednesday. Energy Recovery has a 52-week low of $9.35 and a 52-week high of $18.32. The company’s 50 day simple moving average is $11.90 and its 200-day simple moving average is $13.88. The firm has a market capitalization of $552.06 million, a P/E ratio of 24.30 and a beta of 1.08.

Energy Recovery (NASDAQ:ERII) last released its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.53 earnings per share (EPS) 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 firm 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. Sell-side analysts predict that Energy Recovery will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling at Energy Recovery

In other Energy Recovery news, SVP Rodney Clemente sold 20,568 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $10.61, for a total value of $218,226.48. Following the transaction, the senior vice president owned 116,008 shares in the company, valued at approximately $1,230,844.88. This represents a 15.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Yeung sold 7,271 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 90,098 shares in the company, valued at approximately $1,310,925.90. This represents a 7.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 248,811 shares of company stock worth $2,606,175. 3.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Wexford Capital LP bought a new stake in Energy Recovery in the third quarter worth approximately $27,000. Hantz Financial Services Inc. grew its position in Energy Recovery by 2,581.9% in the third quarter. Hantz Financial Services Inc. now owns 1,931 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 1,859 shares in the last quarter. Parallel Advisors LLC bought a new stake in Energy Recovery in the fourth quarter worth approximately $38,000. State of Alaska Department of Revenue bought a new stake in Energy Recovery in the third quarter worth approximately $46,000. Finally, Comerica Bank grew its position in Energy Recovery by 150.5% in the fourth quarter. Comerica Bank now owns 3,868 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 2,324 shares in the last quarter. Institutional investors and hedge funds own 83.58% of the company’s stock.

Energy Recovery Company Profile

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.