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ERIIERIIIndustrials · Pollution & Treatment Controls

ERII Stock Forecast: Energy Recovery, Inc. Price Predictions for 2026-2027

Last close, 14 Oct 2026
$6.71
−2.04% on the day

The 4 Wall Street analysts covering Energy Recovery, Inc. hold a median 12-month price target of $8 — +19.2% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 62 of 100 as at 14 Oct 2026 — in the upper half.

Market cap
$349.1M
Ticker Nerd rank
62 / 100
Median analyst target
$8.00
Analysts covering
4
Revenue$12.0M−57.2% y/y
Operating income−$5.0M
Net income−$3.2M
Free cash flow$15.4M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−0.3%
1M
−5.4%
YTD
−50.3%
1Y
−57.4%
From 52W high
−62.9%
From 52W low
+0.6%
$7
$18
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

ERII stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Energy Recovery, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 14 Oct 2026
62 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Issuance
95
Accruals
94
Value
92
Quality
77
Size
57
Volatility
51
Revisions
28
Growth
19
Momentum
7

Issuance (95): The share count has been shrinking and the company is not leaning on new borrowing.

Momentum (7): The shares have been drifting down relative to others.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

ERII stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on ERII, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$6$8$10$12$14$16$18Jan 26Apr 26Jul 26Oct 26ERIIHigh $8.00Median $8.00Low $8.00

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says4 analysts
0 Buy4 Hold0 Sell
Low $8.00Median $8.00High $8.00

The green dot is the last close — the median target sits +19.2% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
14 Sept 2026Seaport GlobalDowngradeNeutral—
6 Aug 2026B. Riley SecuritiesMaintainsNeutral—
6 Aug 2026B. Riley SecuritiesMaintainsNeutral$10 → $8.00
11 May 2026Freedom BrokerDowngradeHold—
10 Nov 2025Freedom BrokerMaintainsBuy—
16 Sept 2025CJS SecuritiesInitiatesMarket Outperform—
7 Aug 2025B. Riley SecuritiesMaintainsNeutral—
8 May 2025B. Riley SecuritiesDowngradeNeutral—
5 Dec 2024ScotiabankInitiatesBuy—
5 Dec 2024Seaport GlobalInitiatesBuy—
19 Nov 2024B. Riley SecuritiesMaintainsBuy—
19 Nov 2024Evercore ISI GroupMaintainsOutperform—
9 July 2024Raymond JamesUpgradeStrong Buy—
28 Feb 2024Evercore ISI GroupMaintainsOutperform—
2 Nov 2023Raymond JamesMaintainsOutperform—
3 Oct 2023Raymond JamesMaintainsOutperform—
3 Aug 2023Raymond JamesMaintainsOutperform—
12 July 2023Raymond JamesMaintainsOutperform—
9 May 2023FearnleysUpgradeBuy—
5 Apr 2023Raymond JamesMaintainsOutperform—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. ERII appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

ERII vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 14 Oct 2026, Energy Recovery, Inc. returned −57.4% against +17.5% for the S&P 500, dividends included.

ERII vs S&P 500, last 12 monthsTotal return, rebased to 100
406080100120Jan 26Apr 26Jul 26Oct 26ERIIS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

ERII analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
−133.3%
Analysts raising
0
Analysts cutting
0
Fundamentals

Energy Recovery, Inc. (ERII) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
26.3×

Cheaper than 29% of US stocks

Price / sales
2.9×

Cheaper than 41% of US stocks

Price / book
2.0×

Cheaper than 43% of US stocks

EV / EBITDA
11.0×

Cheaper than 34% of US stocks

Growth & margins
Revenue growth (YoY)
−57.2%

Higher than 5% of US stocks

Earnings growth (YoY)
−57.2%

Higher than 9% of US stocks

Gross margin
74.7%

Higher than 87% of US stocks

Operating margin
−41.9%

Higher than 18% of US stocks

Net margin
12.7%

Higher than 75% of US stocks

Returns & dividend
Return on equity
8.6%

Higher than 60% of US stocks

Return on assets
6.0%

Higher than 81% of US stocks

Dividend yield
0.0%

Higher than 1% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Energy Recovery, Inc. (ERII) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Energy Recovery, Inc. has a market value of $349.1M and an enterprise value of $258.7M.

  • Revenue in the twelve months to 30 June 2026: $120.6M. The latest quarter shrank 57.2% year on year.

  • Net income over the same four quarters: $15.3M, a 12.7% net margin.

  • Diluted earnings per share, trailing twelve months: $0.28.

  • Free cash flow in the twelve months to 30 June 2026: $38.6M, after $2.7M of capital spending.

  • Energy Recovery, Inc. spent $34.7M on share buybacks in the twelve months to 30 June 2026.

  • Shares outstanding: 51.2M.

  • Trailing P/E: 26.3×; forward P/E: 20.4× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 0.00%, paying out 0% of earnings.

  • Energy Recovery, Inc. employs 230 people — $524K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 14 Oct 2026

Data provided by Twelve Data

Peers

ERII vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelPollution & Treatment Controls
CompanyMarket capTKN rank
ERIIEnergy Recovery, Inc.$349.1M
62
ADURAduro Clean Technologies, Inc.$395.5M
—
CDZICadiz, Inc.$267.6M
6
PCTPurecycle Technologies, Inc.$639.0M
9
ARQArq, Inc.$84.3M
29
FTEKFuel Tech, Inc.$45.2M
63
SCWO374Water, Inc.$41.8M
3

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Energy Recovery, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest ERII news & analysis

Energy Recovery Secures Contract to Supply New PX Q650 Energy Recovery Device to Major Saudi Arabia Desalination Plant

Business Wire · 8 Oct 2026positive

Energy Recovery announced a contract to supply its new PX Q650 energy recovery devices to a major new seawater reverse osmosis desalination plant in Saudi Arabia. When complete, the plant is expected to rank among the world’s 10 largest.

Why it matters — The contract adds a supply agreement for Energy Recovery’s newest, highest-capacity PX device at a major desalination project.

Energy Recovery to Release Third Quarter 2026 Financial Results

Business Wire · 6 Oct 2026neutral

Energy Recovery announced it will release results for the quarter ended September 30, 2026, after market close on November 4, 2026. The company will hold a conference call that day at 2 p.m. PT / 5 p.m. ET to discuss the results and related matters.

Why it matters — ERII watchers can note the scheduled release and call as occasions to review the company’s quarterly results and commentary.

Diamond Hill Small-Mid Cap Strategy Q2 2026 Portfolio Review

Seeking Alpha · 25 Aug 2026neutral

The article reviews Diamond Hill's Small-Mid Cap Strategy results for Q2 2026, noting a 9.73% net return versus a 20.26% gain for the Russell 2500 Index. It discusses strong performance from Regal Rexnord driven by data center demand and the firm's exit from Wix.com amid fundamental headwinds.

Why it matters — This portfolio review provides context on the fund's holdings and strategy decisions, which may be informative for investors tracking Energy Recovery, Inc. within small-mid cap investment strategies.

Energy Recovery Losses Revenues Outside Of The Middle East Despite The War

Seeking Alpha · 12 Aug 2026negative

Energy Recovery reported a 60% revenue collapse in the second quarter of 2026, with desalination revenues falling 80% and unexplained weakness in Europe and Asia beyond the Iran conflict. The company's balance sheet strength is considered overstated due to depleted receivables, as much of its cash would be needed to rebuild working capital if the business recovers.

Why it matters — The revenue declines outside the Middle East raise concerns about potential structural or competitive issues beyond the Iran conflict, and the company's cash position may not be as strong as it appears.

Diamond Hill Small-Mid Cap Fund Q2 2026 Portfolio Review

Seeking Alpha · 7 Aug 2026neutral

Diamond Hill's Small-Mid Cap Fund posted a 9.71% return for Q2 2026 versus a 20.26% gain in the Russell 2500 Index. During the quarter, the fund initiated a position in Centene and sold its Wix.com shares due to slowing growth tied to AI-driven coding tools.

Why it matters — Although the commentary does not mention Energy Recovery, Inc., a holder might monitor whether Diamond Hill's portfolio activity signals interest in or exclusion of small-mid cap names like ERII.

FAQ

Frequently asked questions about ERII stock

What is the ERII stock price forecast for 2026-2027?

The 4 Wall Street analysts covering Energy Recovery, Inc. have a median 12-month price target of $8, with estimates ranging from $8 to $8. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is ERII stock a buy right now?

Of the 4 analysts covering Energy Recovery, Inc., 0 rate it a Buy, 4 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Energy Recovery, Inc. 62 out of 100 across roughly 4,600 US stocks as at 14 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank ERII?

As at 14 Oct 2026, Energy Recovery, Inc. ranks 62 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Issuance (95 of 100).

Will ERII stock go up?

No one can know that. What the data says: the median 12-month target from 4 analysts implies +19.2% from the last close, and Ticker Nerd's factor model ranks Energy Recovery, Inc. 62 out of 100 as at 14 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the ERII stock forecast for 2030?

No analyst covering Energy Recovery, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for ERII are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $8 to $8 over the next 12 months.

How has ERII stock performed over the past year?

Energy Recovery, Inc. returned -57.4% over the 12 months to 14 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Energy Recovery, Inc. do?

Energy Recovery, Inc. designs and manufactures energy efficiency technology for industrial fluid-handling applications.

What is the latest news on ERII?

The most recent item we track (Business Wire, 8 Oct 2026): "Energy Recovery Secures Contract to Supply New PX Q650 Energy Recovery Device to Major Saudi Arabia Desalination Plant". Energy Recovery announced a contract to supply its new PX Q650 energy recovery devices to a major new seawater reverse osmosis desalination plant in Saudi Arabia. When complete, the plant is expected to rank among the world’s 10 largest.

Company

About Energy Recovery, Inc.

Energy Recovery, Inc. designs and manufactures energy efficiency technology for industrial fluid-handling applications. Energy Recovery develops pressure exchanger-based solutions, pumps, and turbochargers used primarily in seawater and brackish water desalination, wastewater treatment, and related water infrastructure. The company also offers refrigeration-focused technology that helps reduce energy consumption and operating costs in carbon dioxide-based cooling systems. In addition to its core hardware, Energy Recovery provides spare parts, repair, field service, and commissioning support to customers around the world. Its products serve desalination plant operators, industrial users, supermarket chains, cold storage facilities, and refrigeration system providers, making the company a specialist supplier of technologies that improve process efficiency and resource use across the water and cooling sectors.

CEO Mr. Alexander J. Buehler · 230 employees · United States · https://www.energyrecovery.com