NasdaqGS:ERIIMachinery
Energy Recovery (ERII) Is Down 14.8% After Pulling 2026 Guidance And Announcing Leadership Changes
In the first quarter of 2026, Energy Recovery, Inc. reported sales of US$9.71 million, a wider net loss of US$12.25 million, a US$1.66 million goodwill impairment, and announced upcoming CEO retirement alongside the resignation of its CFO.
The company also withdrew its 2026 financial guidance amid Middle East uncertainty, even as new product launches and desalination demand supported revenue growth.
Next, we’ll examine how the withdrawal of 2026 guidance reshapes Energy Recovery’s investment...