Energy Recovery (ERII) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Energy Recovery in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ERII shares.
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3 brokerages have issued 1 year price targets for Energy Recovery's shares. Their ERII share price forecasts range from $26.00 to $28.00. On average, they expect the company's share price to reach $27.00 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price.
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Energy Recovery's stock was trading at $20.49 on January 1st, 2023. Since then, ERII shares have increased by 16.2% and is now trading at $23.81.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Energy Recovery, Inc. (NASDAQ:ERII) released its quarterly earnings results on Wednesday, May, 3rd. The industrial products company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.04. The industrial products company earned $13.40 million during the quarter, compared to analysts' expectations of $13.04 million. Energy Recovery had a trailing twelve-month return on equity of 7.54% and a net margin of 9.26%. The firm's revenue was down 58.8% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS.

ETFs with the largest weight of Energy Recovery (NASDAQ:ERII) stock in their portfolio include VanEck Environmental Services ETF (EVX), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Horizon Kinetics Energy and Remediation ETF (NVIR), First Trust Water ETF (FIW), Goldman Sachs Future Planet Equity ETF (GSFP), JPMorgan Sustainable Consumption ETF (CIRC), iShares MSCI Water Management Multisector ETF (IWTR) and Global X Clean Water ETF (AQWA).

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.

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).

Energy Recovery trades on the NASDAQ under the ticker symbol "ERII."

Energy Recovery's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.21%), Trigran Investments Inc. (6.25%), William Blair Investment Management LLC (4.57%), FIL Ltd (3.58%), Diamond Hill Capital Management Inc. (2.79%) and Jennison Associates LLC (2.38%). Insiders that own company stock include Alexander J Buehler, Arve Hanstveit, As Arvarius, Farshad Ghasripoor, Joshua Ballard, Lisa A Pollina, Ole Peter Lorentzen, Robert Yu Lang Mao, Rodney Clemente, Sherif Foda and William Yeung.
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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.
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One share of ERII stock can currently be purchased for approximately $23.81.

Energy Recovery (NASDAQ:ERII) has a market capitalization of $1.34 billion and generates $125.59 million in revenue each year. The industrial products company earns $24.05 million in net income (profit) each year or $0.17 on an earnings per share basis.

The company employs 222 workers across the globe.

Energy Recovery's mailing address is 1717 Doolittle Drive, San Leandro CA, 94577. The official website for the company is www.energyrecovery.com. The industrial products company can be reached via phone at (510) 483-7370, via email at ir@energyrecovery.com, or via fax at 510-483-7371.