Energy Recovery - ERII Stock Forecast, Price & News

3 Wall Street 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 analysts is that investors should "buy" ERII shares.
View ERII analyst ratings or view top-rated stocks.

3 brokerages have issued 1 year target prices for Energy Recovery's shares. Their ERII share price forecasts range from $23.00 to $28.00. On average, they predict the company's share price to reach $26.00 in the next year. This suggests a possible upside of 12.8% from the stock's current price.
View analysts price targets for ERII or view top-rated stocks among Wall Street analysts.

Energy Recovery's stock was trading at $20.49 at the start of the year. Since then, ERII stock has increased by 12.5% and is now trading at $23.05.
View the best growth stocks for 2023 here.

Energy Recovery saw a decline in short interest in March. As of March 15th, there was short interest totaling 2,320,000 shares, a decline of 5.7% from the February 28th total of 2,460,000 shares. Based on an average daily volume of 306,000 shares, the days-to-cover ratio is currently 7.6 days. Approximately 4.6% of the shares of the stock are short sold.
View Energy Recovery's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our ERII earnings forecast.

Energy Recovery, Inc. (NASDAQ:ERII) released its quarterly earnings data on Thursday, November, 4th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter. The industrial products company had revenue of $20.78 million for the quarter, compared to analysts' expectations of $20.80 million. Energy Recovery had a net margin of 19.15% and a trailing twelve-month return on equity of 14.65%. During the same quarter in the previous year, the company earned $0.10 earnings per share.

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), First Trust Water ETF (FIW), Goldman Sachs Future Planet Equity ETF (GSFP), Invesco Water Resources ETF (PHO), iShares MSCI Water Management Multisector ETF (IWTR), Invesco S&P Global Water Index ETF (CGW) and JPMorgan Sustainable Consumption ETF (CIRC).

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."

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 $23.05.

Energy Recovery (NASDAQ:ERII) has a market capitalization of $1.30 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 $0.42 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.