Energy Recovery (NASDAQ:ERII) Raised to “Strong-Buy” at Seaport Res Ptn

Energy Recovery (NASDAQ:ERII) was upgraded by stock analysts at Seaport Res Ptn to a “strong-buy” rating in a report released on Thursday,Zacks.com reports. Seaport Res Ptn also issued estimates for Energy Recovery’s Q3 2025 earnings at $0.17 EPS and Q3 2026 earnings at $0.22 EPS.

A number of other equities analysts have also recently weighed in on the stock. Scotiabank started coverage on shares of Energy Recovery in a research report on Thursday. They set a “buy” rating and a $22.00 price objective for the company. Fearnley Fonds cut Energy Recovery from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. B. Riley decreased their target price on Energy Recovery from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. Finally, Evercore ISI dropped their target price on Energy Recovery from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $20.75.

Energy Recovery Trading Down 0.9 %

Energy Recovery stock opened at $16.26 on Thursday. The company has a 50-day moving average price of $17.55 and a 200 day moving average price of $15.85. Energy Recovery has a 12-month low of $12.26 and a 12-month high of $20.27. The stock has a market cap of $941.29 million, a P/E ratio of 47.82 and a beta of 1.18.

Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $38.60 million during the quarter, compared to analyst estimates of $37.37 million. Energy Recovery had a return on equity of 8.90% and a net margin of 14.35%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 earnings per share. As a group, analysts forecast that Energy Recovery will post 0.41 EPS for the current year.

Insider Activity

In related news, CEO David W. Moon sold 2,550 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $17.97, for a total value of $45,823.50. Following the completion of the sale, the chief executive officer now owns 87,101 shares in the company, valued at $1,565,204.97. This represents a 2.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Farshad Ghasripoor sold 10,526 shares of Energy Recovery stock in a transaction on Monday, October 28th. The shares were sold at an average price of $17.97, for a total transaction of $189,152.22. Following the completion of the transaction, the chief technology officer now owns 126,961 shares in the company, valued at approximately $2,281,489.17. This represents a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,406 shares of company stock worth $828,688. Corporate insiders own 4.10% of the company’s stock.

Institutional Trading of Energy Recovery

Hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. acquired a new position in Energy Recovery in the 3rd quarter valued at $15,237,000. Alpha Wave Global LP raised its holdings in Energy Recovery by 93.0% during the third quarter. Alpha Wave Global LP now owns 1,171,586 shares of the industrial products company’s stock worth $20,374,000 after purchasing an additional 564,463 shares in the last quarter. Millennium Management LLC lifted its position in Energy Recovery by 130.3% in the second quarter. Millennium Management LLC now owns 356,595 shares of the industrial products company’s stock valued at $4,739,000 after purchasing an additional 201,770 shares during the period. KBC Group NV boosted its holdings in Energy Recovery by 14.1% in the 3rd quarter. KBC Group NV now owns 1,238,219 shares of the industrial products company’s stock valued at $21,533,000 after purchasing an additional 153,381 shares in the last quarter. Finally, Roubaix Capital LLC acquired a new position in Energy Recovery during the 2nd quarter worth approximately $1,841,000. 83.58% of the stock is owned by institutional investors and hedge funds.

Energy Recovery Company Profile

Energy Recovery, Inc, together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the Americas, the Middle East, Africa, Asia, and Europe. The company operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation booster pumps for use in seawater and brackish desalination, and wastewater treatment.