Energy Recovery (ERII) Stock Overview
Designs, manufactures, and sells energy efficiency technology solutions in the United States, North, South and Latin America, the Middle East, Northern Africa, Asia, and Europe. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
ERII Community Fair Values
Create NarrativeSee what 29 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Capital Goods opportunity
CE
Fair Value from
CA$5.254.8% undervalued intrinsic discount
When GPS fails: this small cap is fixing a $54B drone problem
Key Points: Sparc AI (CSE:SPAI) is tackling a growing global problem: drones and aircraft failing when GPS is jammed or spoofed, a problem already driving massive government losses globally. Its Overwatch platform is a software solution to the hardware problem, using AI and existing sensors making it highly scalable across fleets.
Read full narrativeEnergy Recovery, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$11.04 |
| 52 Week High | US$18.32 |
| 52 Week Low | US$9.35 |
| Beta | 1.08 |
| 1 Month Change | 8.24% |
| 3 Month Change | -25.46% |
| 1 Year Change | -29.14% |
| 3 Year Change | -53.14% |
| 5 Year Change | -38.01% |
| Change since IPO | 12.31% |
Recent News & Updates
ERII: Water Projects And New Desalination Technology Will Support Future Upside
Analysts now center their price expectations for Energy Recovery around $16, reflecting recent target cuts from $23 and $16 as they factor in project delay risks, a softer P/E outlook, and a focus on the core Water business. Analyst Commentary Recent research shows a split but still constructive tone around Energy Recovery, with several bullish analysts highlighting valuation support and potential upside if execution on delayed projects and the core Water business improves.
ERII: Fair Value View Will Weigh Megaproject Delays And Core Water Focus
Narrative Update on Energy Recovery The analyst price target for Energy Recovery has shifted from $16 to $12 as analysts factor in lower revenue growth and profit margin assumptions, along with updated Street research that includes reduced price targets tied to megaproject timing and a reaffirmed focus on the core Water business. Analyst Commentary Recent Street research around Energy Recovery has centered on recalibrated price targets and timing risks tied to large projects, which has contributed to a more cautious tone among some bearish analysts.ERII: Water Segment And Desalination Projects Will Drive Future Upside Potential
Analysts have trimmed the fair value estimate for Energy Recovery to $16 from $23, reflecting updated assumptions for revenue growth, profit margins and future P/E, alongside recent Street research that includes lower price targets and mixed ratings following project timing shifts and a renewed focus on the core Water business. Analyst Commentary Recent research presents a mixed but generally constructive view, with several bullish analysts still seeing upside potential for Energy Recovery despite trimmed targets and project timing shifts.
ERII: Core Water Projects And New Coverage Will Support Future Upside
Narrative Update on Energy Recovery The analyst price target for Energy Recovery has shifted from $19.05 to $14.00, as analysts recalibrated expectations around revenue growth, profit margins, and future P/E assumptions following recent research updates that include new coverage and revised targets tied to project timing and a focus on the core Water business. Analyst Commentary Recent research on Energy Recovery reflects a mix of optimism around the core Water business and caution around execution risk and timing of large projects.Recent updates
ERII: Water Projects And New Desalination Technology Will Support Future Upside
Analysts now center their price expectations for Energy Recovery around $16, reflecting recent target cuts from $23 and $16 as they factor in project delay risks, a softer P/E outlook, and a focus on the core Water business. Analyst Commentary Recent research shows a split but still constructive tone around Energy Recovery, with several bullish analysts highlighting valuation support and potential upside if execution on delayed projects and the core Water business improves.ERII: Fair Value View Will Weigh Megaproject Delays And Core Water Focus
Narrative Update on Energy Recovery The analyst price target for Energy Recovery has shifted from $16 to $12 as analysts factor in lower revenue growth and profit margin assumptions, along with updated Street research that includes reduced price targets tied to megaproject timing and a reaffirmed focus on the core Water business. Analyst Commentary Recent Street research around Energy Recovery has centered on recalibrated price targets and timing risks tied to large projects, which has contributed to a more cautious tone among some bearish analysts.ERII: Water Segment And Desalination Projects Will Drive Future Upside Potential
Analysts have trimmed the fair value estimate for Energy Recovery to $16 from $23, reflecting updated assumptions for revenue growth, profit margins and future P/E, alongside recent Street research that includes lower price targets and mixed ratings following project timing shifts and a renewed focus on the core Water business. Analyst Commentary Recent research presents a mixed but generally constructive view, with several bullish analysts still seeing upside potential for Energy Recovery despite trimmed targets and project timing shifts.ERII: Core Water Projects And New Coverage Will Support Future Upside
Narrative Update on Energy Recovery The analyst price target for Energy Recovery has shifted from $19.05 to $14.00, as analysts recalibrated expectations around revenue growth, profit margins, and future P/E assumptions following recent research updates that include new coverage and revised targets tied to project timing and a focus on the core Water business. Analyst Commentary Recent research on Energy Recovery reflects a mix of optimism around the core Water business and caution around execution risk and timing of large projects.ERII: Core Water Focus And Megaproject Timing Will Support Future Upside
Narrative Update on Energy Recovery Analysts have trimmed their average price target for Energy Recovery to $12, down from $16. The change is tied to recent revenue shortfalls from two delayed Megaprojects and a renewed focus on the core Water business, which underpins updated fair value, growth, margin and future P/E assumptions.Energy Recovery CO2 Refrigeration Melted, Desalination Evaporates Into 2027
Feb 26ERII: Fair Value View Will Balance Refrigeration Delays And Buyback Support
Narrative Update on Energy Recovery Analysts have adjusted their price target on Energy Recovery from $15.00 to $16.00, reflecting updated assumptions around revenue growth, profit margins, and future price-to-earnings (P/E) expectations. Valuation Changes Fair Value: updated from $15.00 to $16.00, representing a modest upward adjustment in the valuation estimate.ERII: CO2 Refrigeration Progress And Buybacks Will Support Future Upside
Analysts have raised their price target on Energy Recovery to US$23 from US$17. They cite CO2 refrigeration results that are in line with expectations, even though original equipment manufacturer adoption is running about a year behind their prior timeline.ERII: Higher Forecast Margins And CO2 Rollout Will Support Stronger Upside
Analysts have lifted their price target on Energy Recovery to US$23 from US$20, citing updated assumptions around revenue growth, profit margin potential, discount rate, and future P/E. This is supported by recent research that points to CO2 refrigeration performing in line with expectations even as original equipment manufacturer uptake runs about a year behind earlier timelines.Energy Recovery, Inc. (NASDAQ:ERII) Not Flying Under The Radar
Jan 09
ERII: CO2 Refrigeration Delays And Buybacks Will Shape Future Share Performance
Analysts have raised their price target on Energy Recovery shares to $23 from $17, citing solid performance in CO2 refrigeration despite slower than expected adoption among original equipment manufacturers. Analyst Commentary Recent price target revisions reflect a mix of confidence in the long term CO2 refrigeration opportunity and near term caution around execution and adoption timelines.ERII: CO2 Refrigeration Adoption Delays Will Temper Long-Term Confidence
Analysts have raised their price target on Energy Recovery by approximately $1 to about $15, reflecting increased confidence in the company’s long term revenue growth and margin outlook, even as original equipment manufacturer adoption of CO2 refrigeration remains modestly delayed. Analyst Commentary Recent research updates reflect a mix of optimism on long term growth prospects and caution around execution timing, particularly in the CO2 refrigeration segment.ERII: Rising CO2 Refrigeration Adoption Will Drive Long-Term Upside
Analysts modestly lifted their price expectations for Energy Recovery, pointing to stronger long term profitability and supportive new targets in the high teens to low twenties, including a recent move to $23 from $17, even as they temper near term revenue growth assumptions. Analyst Commentary Recent Street research highlights a constructive but selective view on Energy Recovery, with valuation targets moving higher as analysts balance solid execution in core markets against pacing risks in newer growth channels.ERII: Renewed OEM Partnerships Will Unlock Significant Upside Potential
Analysts have raised their fair value estimate for Energy Recovery from $17.40 to $18.60 per share. They cite increased confidence in both ongoing CO2 refrigeration performance and renewed OEM uptake expectations.ERII: Profit Margins And Industry Tailwinds Will Drive Outperformance Ahead
Analysts have raised their price target for Energy Recovery from $16.50 to $17.40, citing improved revenue growth forecasts, higher profit margins, and a favorable outlook in recent research coverage. Analyst Commentary Recent analyst coverage reflects growing optimism about Energy Recovery’s future prospects, supported by increased price targets and positive forecasts.At US$17.11, Is It Time To Put Energy Recovery, Inc. (NASDAQ:ERII) On Your Watch List?
Nov 01Are Investors Undervaluing Energy Recovery, Inc. (NASDAQ:ERII) By 24%?
Oct 17Global Water Scarcity And Decarbonization Will Unlock Long-Term Opportunities
The analyst price target for Energy Recovery was revised upward primarily due to a substantial increase in consensus revenue growth forecasts, partially offset by a decline in net profit margin, resulting in a new fair value estimate of $15.62. Valuation Changes Summary of Valuation Changes for Energy Recovery The Consensus Analyst Price Target has risen from $14.50 to $15.62.Energy Recovery, Inc.'s (NASDAQ:ERII) 25% Cheaper Price Remains In Tune With Earnings
May 10Investors Will Want Energy Recovery's (NASDAQ:ERII) Growth In ROCE To Persist
May 09Here's Why We Think Energy Recovery (NASDAQ:ERII) Is Well Worth Watching
Mar 25We Think Energy Recovery's (NASDAQ:ERII) Healthy Earnings Might Be Conservative
Mar 05Energy Recovery Growth Pipeline Advances Slowly, Warrants A Small Position
Feb 28Energy Recovery: Riding Megatrends With Lowered Ambitions
Feb 10Investors Still Waiting For A Pull Back In Energy Recovery, Inc. (NASDAQ:ERII)
Jan 11Energy Recovery Delivered In Q3 But Faces A Challenging Q4, Still A Hold
Oct 31Is Energy Recovery, Inc. (NASDAQ:ERII) Potentially Undervalued?
Oct 26Energy Recovery, Inc.'s (NASDAQ:ERII) 29% Jump Shows Its Popularity With Investors
Oct 09
Tactical Expansion And Innovation Propel Growth In Water And Energy Sectors
Introduction of Michael Mancini as the new CFO and strategic planning advancements aim to boost investor confidence and enhance operational efficiency.Why Investors Shouldn't Be Surprised By Energy Recovery, Inc.'s (NASDAQ:ERII) 25% Share Price Surge
Aug 22Energy Recovery (NASDAQ:ERII) Has Some Way To Go To Become A Multi-Bagger
Aug 20Estimating The Fair Value Of Energy Recovery, Inc. (NASDAQ:ERII)
Jul 12Shareholder Returns
| ERII | US Machinery | US Market | |
|---|---|---|---|
| 7D | -0.09% | -0.4% | 0.9% |
| 1Y | -29.1% | 52.4% | 28.2% |
Return vs Industry: ERII underperformed the US Machinery industry which returned 52.2% over the past year.
Return vs Market: ERII underperformed the US Market which returned 27.8% over the past year.
Price Volatility
| ERII volatility | |
|---|---|
| ERII Average Weekly Movement | 11.5% |
| Machinery Industry Average Movement | 6.5% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: ERII's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: ERII's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | 230 | David Moon | www.energyrecovery.com |
Energy Recovery, Inc., together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the United States, North, South and Latin America, the Middle East, Northern Africa, Asia, and Europe. It operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra high-pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation pumps for use in water treatment industries, including seawater and brackish desalination, and wastewater treatment.
Energy Recovery, Inc. Fundamentals Summary
| ERII fundamental statistics | |
|---|---|
| Market cap | US$583.23m |
| Earnings (TTM) | US$22.96m |
| Revenue (TTM) | US$134.99m |
25.4x
P/E Ratio4.3x
P/S RatioIs ERII overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ERII income statement (TTM) | |
|---|---|
| Revenue | US$134.99m |
| Cost of Revenue | US$47.06m |
| Gross Profit | US$87.93m |
| Other Expenses | US$64.97m |
| Earnings | US$22.96m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
May 06, 2026
| Earnings per share (EPS) | 0.43 |
| Gross Margin | 65.14% |
| Net Profit Margin | 17.01% |
| Debt/Equity Ratio | 0% |
How did ERII perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/04 10:16 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Energy Recovery, Inc. is covered by 21 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| J. Horwitz | Baird |
| Debra Coy | Brean Capital Historical (Janney Montgomery) |
| Ryan Pfingst | B. Riley Securities, Inc. |