Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Energy Recovery Inc Market Cap
Based on ratings from 4 stock analysts, the Energy Recovery Inc stock price is expected to increase by 24.17% in 12 months. This is calculated by using the average 12-month stock price forecast for Energy Recovery Inc. The lowest target is $20 and the highest is $22. Please note analyst price targets are not guaranteed and could be missed completely.
ERII is a stock in Industrials which has been forecasted to be worth $20.6 as an average. On the higher end, the forecast price is $22 USD by Jeff Campbell from Scotiabank and on the lower end ERII is forecasted to be $20 by Pavel Molchanov from Raymond James.
These are the latest 20 analyst ratings of ERII.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Jeff Campbell Seaport Global | Buy | $22 | Initiates | Dec 5, 2024 |
| Jeff Campbell Scotiabank | Buy | $22 | Initiates | Dec 5, 2024 |
| Ryan Pfingst B. Riley Securities | Buy | $20 | Maintains | Nov 19, 2024 |
| James West Evercore ISI Group | Outperform | $20 | Maintains | Nov 19, 2024 |
| Pavel Molchanov Raymond James | Strong Buy | $21 | Upgrade | Jul 9, 2024 |
| James West Evercore ISI Group | Outperform | $24 | Maintains | Feb 28, 2024 |
| Pavel Molchanov Raymond James | Outperform | $20 | Maintains | Nov 2, 2023 |
| Pavel Molchanov Raymond James | Outperform | $30 | Maintains | Oct 3, 2023 |
| Pavel Molchanov Raymond James | Outperform | $32 | Maintains | Aug 3, 2023 |
| Pavel Molchanov Raymond James | Outperform | $31 | Maintains | Jul 12, 2023 |
| Nils Thommesen Fearnleys | Buy | $28 | Upgrade | May 9, 2023 |
| Pavel Molchanov Raymond James | Outperform | $26 | Maintains | Apr 5, 2023 |
| Ryan Pfingst B. Riley Securities | Buy | $28 | Initiates | Nov 17, 2022 |
| Pavel Molchanov Raymond James | Outperform | $23 | Upgrade | Nov 8, 2022 |
| Pavel Molchanov Raymond James | Market Perform | Downgrade | Jul 7, 2021 | |
| Pavel Molchanov Raymond James | Outperform | $23 | Maintains | May 7, 2021 |
Raymond James | Outperform | $21 | Reiterates | Mar 12, 2021 |
Raymond James | Outperform | $16 | Maintains | Jan 8, 2021 |
Evercore ISI Group | Outperform | Upgrade | Jan 4, 2021 | |
B. Riley FBR | Neutral | Downgrade | Jun 30, 2020 |
When did it IPO
2008
Staff Count
269
Country
United States
Sector/Industry
Industrials/Pollution & Treatment Controls
CEO
Mr. David W. Moon
Market Cap
$941.4M
In 2023, ERII generated $128.3M in revenue, which was a increase of 2.20% from the previous year. This can be seen as a signal that ERII's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 18 Nov 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Energy Recovery, Inc. (Nasdaq: ERII) announced a $50 million share repurchase program to begin in November 2024, following the completion of its strategic growth plan.
Why It Matters - The share repurchase program indicates management's confidence in the company's value and can lead to increased share prices and improved earnings per share, benefiting investors.
Wed, 13 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Urbanization and stricter building codes are driving the adoption of Energy Recovery Ventilators (ERVs) in commercial and residential sectors, enhancing HVAC efficiency and indoor climate control.
Why It Matters - Increased demand for energy recovery ventilators (ERVs) signals growth in the HVAC market, impacting manufacturers and suppliers while aligning with sustainability trends, potentially boosting stock values.
Thu, 31 Oct 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Energy Recovery, Inc. (NASDAQ: ERII) will hold its Q3 2024 earnings conference call on October 30, 2024, at 5 PM ET, featuring key executives and analysts from various firms.
Why It Matters - The Q3 earnings call will reveal Energy Recovery's financial performance and strategic direction, influencing stock valuation and investor sentiment.
Wed, 30 Oct 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Energy Recovery, Inc. (Nasdaq: ERII) reported Q3 2024 revenue of $38.6 million, meeting guidance. Gross margin decreased to 65.1% due to higher manufacturing costs.
Why It Matters - Energy Recovery's Q3 revenue exceeded guidance, indicating strong demand. However, declining gross margins due to rising costs may raise concerns about profitability and future performance.
Wed, 30 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Energy Recovery (ERII) reported quarterly earnings of $0.21 per share, surpassing the Zacks Consensus Estimate of $0.14 and up from $0.20 per share year-over-year.
Why It Matters - Energy Recovery's earnings beat estimates, indicating strong performance and potential growth, which can boost investor confidence and affect stock valuation positively.
Thu, 31 Oct 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Energy Recovery's Q3 2024 results showed improved product delivery and revenue, but 50% of annual revenue is pending in Q4, indicating guidance risk. A white paper on refrigeration technology was released.
Why It Matters - Energy Recovery's strong Q3 performance and upcoming Q4 revenue potential signal growth, but the risk of guidance misses could impact stock volatility. Positive tech developments may enhance long-term value.
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