Energy Recovery (NASDAQ:ERII) Hits New 1-Year Low – Here’s What Happened

Energy Recovery, Inc. (NASDAQ:ERII)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $9.59 and last traded at $10.22, with a volume of 1702665 shares traded. The stock had previously closed at $10.26.

Wall Street Analyst Weigh In

Several analysts recently commented on ERII shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energy Recovery in a research note on Monday, December 29th. Loop Capital set a $13.00 price target on shares of Energy Recovery in a research report on Monday. Finally, B. Riley Financial reissued a “neutral” rating on shares of Energy Recovery in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.33.

Energy Recovery Price Performance

The company has a market cap of $566.87 million, a price-to-earnings ratio of 24.95 and a beta of 1.10. The business’s 50-day simple moving average is $14.26 and its 200-day simple moving average is $14.76.

Energy Recovery (NASDAQ:ERII) last released its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.14). Energy Recovery had a net margin of 17.01% and a return on equity of 11.92%. The business had revenue of $66.59 million during the quarter, compared to analyst estimates of $82.59 million. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. As a group, sell-side analysts forecast that Energy Recovery, Inc. will post 0.36 EPS for the current year.

Insiders Place Their Bets

In other Energy Recovery news, insider William Yeung sold 7,271 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $14.55, for a total transaction of $105,793.05. Following the completion of the transaction, the insider owned 90,098 shares of the company’s stock, 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 filing with the SEC, which is accessible through this link. Insiders sold a total of 10,260 shares of company stock worth $149,663 over the last ninety days. Company insiders own 3.20% of the company’s stock.

Institutional Trading of Energy Recovery

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Energy Recovery by 43.1% during the 1st quarter. Royal Bank of Canada now owns 16,257 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 4,899 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Energy Recovery during the 1st quarter worth about $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Energy Recovery by 7.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,929 shares of the industrial products company’s stock worth $714,000 after purchasing an additional 3,185 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Energy Recovery by 10.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,038 shares of the industrial products company’s stock worth $3,274,000 after buying an additional 19,992 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Energy Recovery by 54.4% in the first quarter. Jane Street Group LLC now owns 122,369 shares of the industrial products company’s stock valued at $1,944,000 after buying an additional 43,089 shares during the last quarter. Institutional investors and hedge funds own 83.58% of the company’s stock.

Energy Recovery Company Profile

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.