Energy Recovery (NASDAQ:ERII) Issues Earnings Results

Energy Recovery (NASDAQ:ERII) released its earnings results on Wednesday. The industrial products company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.14), FiscalAI reports. Energy Recovery had a net margin of 14.44% and a return on equity of 10.09%. Energy Recovery updated its FY 2026 guidance to 0.500-0.700 EPS.

Energy Recovery Price Performance

ERII stock traded up $0.05 during mid-day trading on Wednesday, reaching $16.12. 444,909 shares of the company traded hands, compared to its average volume of 307,653. The company has a market capitalization of $853.88 million, a P/E ratio of 47.41 and a beta of 1.09. Energy Recovery has a 52-week low of $10.86 and a 52-week high of $18.32. The company has a fifty day moving average price of $14.64 and a 200-day moving average price of $14.91.

Analysts Set New Price Targets

Several equities analysts recently commented on ERII shares. Loop Capital set a $18.20 price objective on Energy Recovery in a research note on Monday, November 10th. B. Riley Financial reaffirmed a “neutral” rating on shares of Energy Recovery in a research report on Thursday, November 6th. Finally, Weiss Ratings reissued 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, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Energy Recovery currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.07.

Insider Transactions at Energy Recovery

In other news, insider William Yeung sold 7,271 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $14.55, for a total value of $105,793.05. Following the completion of the transaction, the insider directly owned 90,098 shares in the company, valued at approximately $1,310,925.90. This trade represents a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arve Hanstveit sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $14.97, for a total transaction of $224,550.00. Following the transaction, the director directly owned 640,220 shares of the company’s stock, valued at approximately $9,584,093.40. This represents a 2.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 25,260 shares of company stock worth $374,213. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Energy Recovery

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wexford Capital LP purchased a new stake in shares of Energy Recovery in the 3rd quarter valued at about $27,000. Parallel Advisors LLC purchased a new position in shares of Energy Recovery during the fourth quarter worth about $38,000. Tower Research Capital LLC TRC increased its position in shares of Energy Recovery by 172.2% in the second quarter. Tower Research Capital LLC TRC now owns 6,011 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 3,803 shares during the last quarter. Man Group plc purchased a new stake in Energy Recovery in the third quarter valued at approximately $162,000. Finally, Envestnet Asset Management Inc. bought a new stake in Energy Recovery during the third quarter valued at approximately $184,000. 83.58% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Recovery

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.