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Energy Recovery (ERII) Stock Price, News & Analysis

Energy Recovery logo
$15.14 -0.02 (-0.13%)
(As of 12/20/2024 05:16 PM ET)

About Energy Recovery Stock (NASDAQ:ERII)

Key Stats

Today's Range
$14.92
$15.59
50-Day Range
$14.66
$19.93
52-Week Range
$12.26
$20.27
Volume
1.11 million shs
Average Volume
435,824 shs
Market Capitalization
$876.52 million
P/E Ratio
44.53
Dividend Yield
N/A
Price Target
$20.75
Consensus Rating
Buy

Company Overview

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. It also provides PX G1300, which reduces energy consumption and operating costs of carbon dioxide-based refrigeration systems; and spare parts, as well as repair, field, and commissioning services. It sells its products under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, Ultra PX, PX G, PX G1300, PX PowerTrain, AT, and Aquabold brands to original equipment manufacturers, supermarket chains, cold storage facilities, refrigeration system installers, and other industrial users; aftermarket customers consisting of desalination plant owners and operators; and project developers, end-users, and industry consultants, as well as engineering, procurement, and construction firms. Energy Recovery, Inc. was incorporated in 1992 and is headquartered in San Leandro, California.

Energy Recovery Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
99th Percentile Overall Score

ERII MarketRank™: 

Energy Recovery scored higher than 99% of companies evaluated by MarketBeat, and ranked 1st out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Energy Recovery has received a consensus rating of Buy. The company's average rating score is 3.17, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Energy Recovery has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Energy Recovery's stock forecast and price target.
  • Earnings Growth

    Earnings for Energy Recovery are expected to grow by 51.28% in the coming year, from $0.39 to $0.59 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Energy Recovery is 44.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.35.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Energy Recovery is 44.53, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

  • Price to Book Value per Share Ratio

    Energy Recovery has a P/B Ratio of 3.89. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.71% of the float of Energy Recovery has been sold short.
  • Short Interest Ratio / Days to Cover

    Energy Recovery has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Energy Recovery has recently decreased by 20.83%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Energy Recovery does not currently pay a dividend.

  • Dividend Growth

    Energy Recovery does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.71% of the float of Energy Recovery has been sold short.
  • Short Interest Ratio / Days to Cover

    Energy Recovery has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Energy Recovery has recently decreased by 20.83%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Energy Recovery has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Energy Recovery this week, compared to 3 articles on an average week.
  • Search Interest

    3 people have searched for ERII on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Energy Recovery to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Energy Recovery insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,166,088.00 in company stock.

  • Percentage Held by Insiders

    Only 4.10% of the stock of Energy Recovery is held by insiders.

  • Percentage Held by Institutions

    83.58% of the stock of Energy Recovery is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Energy Recovery's insider trading history.
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ERII Stock News Headlines

Wall Street Icon: “You must get on the right side of this thing”
I created one of the first quantitative analysis-based stock picking systems long before "quants" became a thing on Wall Street… leading Forbes to call me "King of the Quants." I'm writing to you today because my system has recently uncovered a market phenomenon I haven't seen in 30 years.
3 Reasons ERII Should Be High on Your Watchlist
See More Headlines

ERII Stock Analysis - Frequently Asked Questions

Energy Recovery's stock was trading at $18.84 on January 1st, 2024. Since then, ERII shares have decreased by 19.6% and is now trading at $15.14.
View the best growth stocks for 2024 here
.

Energy Recovery, Inc. (NASDAQ:ERII) posted its quarterly earnings results on Wednesday, October, 30th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The company's quarterly revenue was up 4.3% on a year-over-year basis.

Energy Recovery's top institutional shareholders include Brown Capital Management LLC (6.06%), FMR LLC (5.83%), Diamond Hill Capital Management Inc. (3.32%) and State Street Corp (2.45%). Insiders that own company stock include Arve Hanstveit, Robert Yu Lang Mao, Farshad Ghasripoor, Rodney Clemente, David W Moon, William Yeung, Joshua Ballard, Alexander J Buehler, Sherif Foda, Lisa A Pollina and Joan Kai Chow.
View institutional ownership trends
.

Shares of ERII stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Energy Recovery investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), AUO (AUOTY), The RMR Group (RMR), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

Last Earnings
10/30/2024
Today
12/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Special industry machinery, not elsewhere classified
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:ERII
CUSIP
29270J10
Employees
250
Year Founded
1992

Price Target and Rating

Average Stock Price Target
$20.75
High Stock Price Target
$22.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+37.1%
Consensus Rating
Buy
Rating Score (0-4)
3.17
Research Coverage
6 Analysts

Profitability

Net Income
$21.50 million
Pretax Margin
15.39%

Debt

Sales & Book Value

Annual Sales
$135.06 million
Cash Flow
$0.41 per share
Book Value
$3.89 per share

Miscellaneous

Free Float
55,520,000
Market Cap
$876.52 million
Optionable
Optionable
Beta
1.18

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This page (NASDAQ:ERII) was last updated on 12/22/2024 by MarketBeat.com Staff
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