Energy Recovery (NASDAQ:ERII) Coverage Initiated at Northcoast Research

Northcoast Research initiated coverage on shares of Energy Recovery (NASDAQ:ERII) in a research report issued on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $14.00 price target on the industrial products company’s stock. Northcoast Research’s target price suggests a potential upside of 31.95% from the company’s previous close.

Other equities analysts have also issued reports about the company. B. Riley Financial reiterated a “neutral” rating on shares of Energy Recovery in a research note on Thursday, November 6th. Loop Capital set a $13.00 target price on Energy Recovery in a research note on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energy Recovery in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Energy Recovery currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Energy Recovery Trading Down 1.1%

NASDAQ ERII opened at $10.61 on Friday. The company has a fifty day simple moving average of $14.19 and a 200 day simple moving average of $14.73. The company has a market cap of $560.53 million, a P/E ratio of 24.67 and a beta of 1.10. Energy Recovery has a 1 year low of $9.59 and a 1 year high of $18.32.

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

Insider Activity

In related news, insider William Yeung sold 7,271 shares of Energy Recovery stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $14.55, for a total transaction of $105,793.05. Following the sale, the insider directly owned 90,098 shares of the company’s stock, valued at $1,310,925.90. This trade represents a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rodney Clemente sold 20,568 shares of the business’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 transaction, the senior vice president owned 116,008 shares in the company, valued at $1,230,844.88. This represents a 15.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 31,100 shares of company stock worth $370,765. Insiders own 3.20% of the company’s stock.

Institutional Trading of Energy Recovery

A number of hedge funds have recently modified their holdings of ERII. Wealth Enhancement Advisory Services LLC increased its position in shares of Energy Recovery by 4.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,984 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 613 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in Energy Recovery by 2.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 36,649 shares of the industrial products company’s stock worth $559,000 after purchasing an additional 914 shares during the period. S&CO Inc. boosted its stake in Energy Recovery by 9.1% during the third quarter. S&CO Inc. now owns 12,000 shares of the industrial products company’s stock worth $185,000 after buying an additional 1,000 shares in the last quarter. Aviva PLC boosted its stake in Energy Recovery by 4.9% during the fourth quarter. Aviva PLC now owns 33,974 shares of the industrial products company’s stock worth $458,000 after buying an additional 1,599 shares in the last quarter. Finally, Wexford Capital LP bought a new stake in Energy Recovery in the 3rd quarter valued at $27,000. Institutional investors 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.