Energy Recovery (NASDAQ:ERII) Reaches New 12-Month Low – Time to Sell?

Energy Recovery, Inc. (NASDAQ:ERII)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $9.59 and last traded at $9.6810, with a volume of 61354 shares. The stock had previously closed at $9.73.

Analyst Upgrades and Downgrades

ERII has been the subject of a number of analyst reports. Northcoast Research initiated coverage on shares of Energy Recovery in a research note on Friday, March 6th. They set a “buy” rating and a $14.00 target price for the company. Loop Capital set a $13.00 price target on Energy Recovery in a research report on Monday, March 2nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Energy Recovery in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Energy Recovery Stock Performance

The company has a market capitalization of $499.77 million, a PE ratio of 22.00 and a beta of 1.10. The company’s 50-day moving average is $13.46 and its 200 day moving average is $14.44.

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

Insider Activity at Energy Recovery

In other Energy Recovery news, SVP Rodney Clemente sold 20,568 shares of Energy Recovery stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $10.61, for a total value of $218,226.48. Following the completion of the sale, the senior vice president owned 116,008 shares of the company’s stock, valued at approximately $1,230,844.88. This trade represents a 15.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arve Hanstveit sold 38,418 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $10.71, for a total value of $411,456.78. Following the completion of the transaction, the director owned 586,802 shares of the company’s stock, valued at $6,284,649.42. This represents a 6.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 81,100 shares of company stock valued at $905,222. 3.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Energy Recovery

Several large investors have recently bought and sold shares of the business. Wexford Capital LP purchased a new position in Energy Recovery in the 3rd quarter worth about $27,000. Hantz Financial Services Inc. boosted its holdings in shares of Energy Recovery by 2,581.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,931 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 1,859 shares during the last quarter. Parallel Advisors LLC bought a new stake in shares of Energy Recovery in the fourth quarter worth approximately $38,000. State of Alaska Department of Revenue purchased a new position in shares of Energy Recovery during the third quarter valued at approximately $46,000. Finally, Comerica Bank raised its holdings in shares of Energy Recovery by 150.5% during the fourth quarter. Comerica Bank now owns 3,868 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 2,324 shares during the last quarter. 83.58% of the stock is currently owned by institutional investors.

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.