Should I buy or sell Energy Recovery stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Recovery in the last year. There are currently 1 buy rating 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?

1 Wall Street research analysts have issued 12-month target prices for Energy Recovery's shares. Their ERII share price targets range from $20.00 to $32.00. On average, they predict the company's share price to reach $26.00 in the next twelve months. This suggests a possible upside of 43.2% 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 2023?

Energy Recovery's stock was trading at $20.49 on January 1st, 2023. Since then, ERII stock has decreased by 11.4% and is now trading at $18.16. View the best growth stocks for 2023 here .

When is Energy Recovery's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 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, November, 1st. The industrial products company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.08 by $0.09. The industrial products company had revenue of $37 million for the quarter, compared to analyst estimates of $31.29 million. Energy Recovery had a trailing twelve-month return on equity of 9.28% and a net margin of 13.60%. Energy Recovery's revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share.

What ETFs hold Energy Recovery's stock?

ETFs with the largest weight of Energy Recovery (NASDAQ:ERII) stock in their portfolio include VanEck Environmental Services ETF (EVX) , Subversive Food Security ETF (KCAL) , SPDR S&P Kensho Intelligent Structures ETF (SIMS) , Horizon Kinetics Energy and Remediation ETF (NVIR) , First Trust Water ETF (FIW) , Invesco Dorsey Wright Industrials Momentum ETF (PRN) , iShares MSCI Water Management Multisector ETF (IWTR) and Goldman Sachs Future Planet Equity ETF (GSFP) .

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 a number of institutional and retail investors. Top institutional investors include FMR LLC (6.92%), Avenir Corp (3.15%), Jennison Associates LLC (2.70%), Diamond Hill Capital Management Inc. (2.42%), Trigran Investments Inc. (2.36%) and William Blair Investment Management LLC (1.98%). 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Energy Recovery Stock Price, News & Analysis (NASDAQ:ERII)

$18.32

-0.06 (-0.33%)

(As of 01:26 PM ET)

Compare

Today's Range: $17.81
▼
$18.57
50-Day Range: $14.16
▼
$21.21
52-Week Range: $14.04
▼
$30.76

Volume: 109,307 shs
Average Volume: 412,035 shs
Market Capitalization: $1.04 billion

P/E Ratio: 67.85
Dividend Yield: N/A
Price Target: $26.00

Energy Recovery MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 43.2% Upside
$26.00 Price Target
Short Interest: Bearish
6.52% of Float Sold Short
Dividend Strength: N/A
Sustainability: +0.24
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Selling Shares
$2.20 M Sold Last Quarter
Proj. Earnings Growth: -7.50%
From $0.40 to $0.37 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.18 out of 5 stars

Industrial Products Sector

99th out of 141 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

7th out of 13 stocks

3.5

Analyst's Opinion

Consensus Rating
Energy Recovery has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.00, Energy Recovery has a forecasted upside of 43.2% from its current price of $18.16.
Amount of Analyst Coverage
Energy Recovery has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
6.52% of the float of Energy Recovery has been sold short.
Short Interest Ratio / Days to Cover
Energy Recovery has a short interest ratio ("days to cover") of 6.7.
Change versus previous month
Short interest in Energy Recovery has recently increased by 4.37%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Energy Recovery does not currently pay a dividend.
Dividend Growth
Energy Recovery does not have a long track record of dividend growth.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Energy Recovery has received a 40.97% net impact score from Upright. Energy Recovery seems to create the most significant positive value in categories "Taxes", "GHG emissions", and "Jobs". The positive contribution in the "GHG emissions" impact category is driven by its "Waste heat recovery systems" and "Pumps" products. See details.
Environmental Sustainability
The Environmental Impact score for Energy Recovery is 0.24.

2.3

News and Social Media Coverage

News Sentiment
Energy Recovery has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Industrial Products companies.
Search Interest
Only 2 people have searched for ERII on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Energy Recovery insiders have sold 1,120.32% more of their company's stock than they have bought. Specifically, they have bought $180,620.00 in company stock and sold $2,204,143.00 in company stock.
Percentage Held by Insiders
Only 4.70% of the stock of Energy Recovery is held by insiders.
Percentage Held by Institutions
79.49% of the stock of Energy Recovery is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Energy Recovery are expected to decrease by -7.50% in the coming year, from $0.40 to $0.37 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Energy Recovery is 67.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.73.
Price to Earnings Ratio vs. Sector
The P/E ratio of Energy Recovery is 67.26, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.39.
Price to Book Value per Share Ratio
Energy Recovery has a P/B Ratio of 5.49. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Energy Recovery Stock (NASDAQ:ERII)

Energy Recovery, Inc., together with its subsidiaries, designs, manufactures, and sells various solutions for the seawater reverse osmosis desalination and industrial wastewater treatment industries worldwide. The company operates through Water and Emerging Technologies segments. It offers a suite of products, including energy recovery devices, and high-pressure feed and recirculation pumps; hydraulic turbochargers and boosters; and spare parts, as well as repair, field, and commissioning services. The company also offers a solution to reduce energy consumption in natural gas processing and in refrigeration systems that use carbon dioxide. It provides its products under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, Ultra PX, PX G, PX G1300, PX PowerTrain, AT, and Aquabold brands to large engineering, procurement, and construction firms; end-users and industry consultants; original equipment manufacturers; and aftermarket customers. The company was incorporated in 2001 and is headquartered in San Leandro, California.

ERII Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ERII Stock News Headlines

November 19, 2023 | finance.yahoo.com

Are Energy Recovery, Inc.'s (NASDAQ:ERII) Mixed Financials Driving The Negative Sentiment?

November 14, 2023 | msn.com

Energy Recovery director reports share purchase

December 8, 2023 | Edge On The Street (Ad)

Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?

A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.

November 5, 2023 | finance.yahoo.com

Estimating The Intrinsic Value Of Energy Recovery, Inc. (NASDAQ:ERII)

November 3, 2023 | seekingalpha.com

Energy Recovery: Most Important Takeaways From The Q3 Call

November 2, 2023 | finance.yahoo.com

Energy Recovery, Inc. (NASDAQ:ERII) Q3 2023 Earnings Call Transcript

November 1, 2023 | seekingalpha.com

Energy Recovery, Inc. (ERII) Q3 2023 Earnings Call Transcript

November 1, 2023 | finance.yahoo.com

Energy Recovery Inc (ERII) Reports 22% YoY Quarterly Revenue Growth in Q3 2023

December 8, 2023 | Edge On The Street (Ad)

Energy Storage Trend Ignites Frenzy Over Vanadium Supply

As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.

November 1, 2023 | finance.yahoo.com

Energy Recovery Achieves 22% Year-on-Year Quarterly Revenue Growth, Beating Guidance

October 27, 2023 | msn.com

Energy Recovery Deserves More Downside Unless Earnings Paint A Better Picture

October 25, 2023 | marketwatch.com

Energy Recovery Down 17% After CEO Change

October 25, 2023 | markets.businessinsider.com

Why Energy Recovery Stock Sunk Today

October 24, 2023 | marketwatch.com

Energy Recovery Names Moon as Interim CEO, Tondreau to Be Chairperson

October 24, 2023 | msn.com

Energy Recovery taps board member Moon as interim CEO

October 21, 2023 | finance.yahoo.com

Energy Recovery, Inc.'s (NASDAQ:ERII) latest 6.7% decline adds to one-year losses, institutional investors may consider drastic measures

October 7, 2023 | finance.yahoo.com

The five-year decline in earnings might be taking its toll on Energy Recovery (NASDAQ:ERII) shareholders as stock falls 5.3% over the past week

October 2, 2023 | finance.yahoo.com

Energy Recovery to Release Third Quarter 2023 Financial Results

September 22, 2023 | finance.yahoo.com

Energy Recovery and Epta Win Refrigeration Innovation of the Year at RAC Cooling Industry Awards 2023

September 15, 2023 | finance.yahoo.com

Insider Sell: CFO Joshua Ballard Sells 700 Shares of Energy Recovery Inc

September 12, 2023 | finance.yahoo.com

Energy Recovery Establishes Corporate Emissions Reduction Target; Surpasses $5.9 Billion in Energy Savings for Customers According to Latest Sustainability Report

August 30, 2023 | benzinga.com

Energy Recovery Chief Legal Officer Sold $1.13M In Company Stock

August 30, 2023 | finance.yahoo.com

Insider Sell: Chief Legal Officer William Yeung Sells 40,614 Shares of Energy Recovery Inc

August 17, 2023 | finance.yahoo.com

When Should You Buy Energy Recovery, Inc. (NASDAQ:ERII)?

August 8, 2023 | seekingalpha.com

Energy Recovery: Is CO2-Refrigeration Thesis Already Getting Cold? (Rating Downgrade)

August 3, 2023 | finance.yahoo.com

Energy Recovery Affirms FY 2023 Guidance, Continues Investments in Wastewater and CO2 Business Growth

August 2, 2023 | seekingalpha.com

Energy Recovery Non-GAAP EPS of $0.00 beats by $0.03, revenue of $20.72M misses by $3.79M

See More Headlines

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Company Calendar

Last Earnings: 11/01/2023
Today: 12/08/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/28/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Special industry machinery, not elsewhere classified
Sub-Industry: Industrial Machinery
Sector: Industrial Products
Current Symbol: NASDAQ:ERII
CUSIP: 29270J10
CIK: 1421517
Web: www.energyrecovery.com
Phone: (510) 483-7370
Fax: 510-483-7371
Employees: 246
Year Founded: 1992

Price Target and Rating

Average Stock Price Target: $26.00
High Stock Price Target: $32.00
Low Stock Price Target: $20.00
Potential Upside/Downside: +41.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.27
Trailing P/E Ratio: 68.08
Forward P/E Ratio: 45.95
P/E Growth: N/A
Net Income: $24.05 million
Net Margins: 13.60%
Pretax Margin: 14.25%
Return on Equity: 9.28%
Return on Assets: 8.04%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 8.91
Quick Ratio: 6.84

Sales & Book Value

Annual Sales: $113.45 million
Price / Sales: 9.16
Cash Flow: $0.56 per share
Price / Cash Flow: 32.60
Book Value: $3.31 per share
Price / Book: 5.55

Miscellaneous

Outstanding Shares: 56,518,000
Free Float: 53,862,000
Market Cap: $1.04 billion
Optionable: Optionable
Beta: 1.36

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Key Executives

Mr. Joshua Ballard CFA
Chief Financial Officer
Dr. Farshad Ghasripoor (Age 63)
Chief Technology Officer
Comp: $523.52k
Mr. William W. Yeung (Age 51)
Chief Legal Officer & Secretary to the Board
Comp: $561k
Mr. Rodney Clemente (Age 43)
Senior Vice President of Water
Comp: $575.69k
Mr. David W. Moon (Age 61)
Interim President & CEO and Director
Mr. Nocair Bensalah (Age 54)
Vice President of Operations
Comp: $358.38k
Mr. James Siccardi
Vice President of Investor Relations
Ms. Kelley Vendeland
Vice President of Marketing & Sustainability

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ERII Stock Analysis - Frequently Asked Questions

Should I buy or sell Energy Recovery stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Recovery in the last year. There are currently 1 buy rating 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?: 1 Wall Street research analysts have issued 12-month target prices for Energy Recovery's shares. Their ERII share price targets range from $20.00 to $32.00. On average, they predict the company's share price to reach $26.00 in the next twelve months. This suggests a possible upside of 43.2% 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 2023?: Energy Recovery's stock was trading at $20.49 on January 1st, 2023. Since then, ERII stock has decreased by 11.4% and is now trading at $18.16.
View the best growth stocks for 2023 here.
When is Energy Recovery's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 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, November, 1st. The industrial products company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.08 by $0.09. The industrial products company had revenue of $37 million for the quarter, compared to analyst estimates of $31.29 million. Energy Recovery had a trailing twelve-month return on equity of 9.28% and a net margin of 13.60%. Energy Recovery's revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share.
What ETFs hold Energy Recovery's stock?: ETFs with the largest weight of Energy Recovery (NASDAQ:ERII) stock in their portfolio include VanEck Environmental Services ETF (EVX), Subversive Food Security ETF (KCAL), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Horizon Kinetics Energy and Remediation ETF (NVIR), First Trust Water ETF (FIW), Invesco Dorsey Wright Industrials Momentum ETF (PRN), iShares MSCI Water Management Multisector ETF (IWTR) and Goldman Sachs Future Planet Equity ETF (GSFP).

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 a number of institutional and retail investors. Top institutional investors include FMR LLC (6.92%), Avenir Corp (3.15%), Jennison Associates LLC (2.70%), Diamond Hill Capital Management Inc. (2.42%), Trigran Investments Inc. (2.36%) and William Blair Investment Management LLC (1.98%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:ERII) was last updated on 12/8/2023 by MarketBeat.com Staff

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