Energy Recovery, Inc. (ERI), founded in 1992, is a global leader in energy recovery and pressure exchange solutions. The company, headquartered in San Leandro, California, employs engineering prowess to create and apply innovative technologies that make industrial processes more productive and sustainable. Energy Recovery derives its solutions from groundwork research, then transforms them into products and services that provide energy savings across a diverse range of industries.
ERII operates in two separate business sectors: water and oil & gas. The company’s market leadership is unarguably rooted in their prowess in the water sector, where its technologies are used in desalination plants around the globe. Its Pressure Exchanger™ technology, a key innovation, is utilized worldwide in seawater reverse osmosis desalination processes, enabling operators to save substantial energy costs by recycling otherwise wasted energy.
The oil and gas sector of the company aims to reduce inefficiencies and environmental impact of natural gas processing and hydraulic fracturing (fracking). The revolutionary IsoBoost™ and IsoGen™ systems recover and reinject energy in gas processing plants and pipelines, helping to reduce emissions and increase productivity. This pioneering approach solidifies ERI's position in promoting greener, more effective extraction methods.
In addition, to its proprietary energy recovery technologies, ERI also provides services such as technical support, repair, maintenance, and training to its customers. This enables the company to establish and maintain a close relationship with its clientele, ensuring that its solutions are not only tailored to their needs, but are functioning at maximum efficiency at all times.
Energy Recovery Inc.’s reputation for innovation and product reliability is bolstered by its ISO 9001:2015 certification, signifying an internationally recognized standard of quality. As a publicly traded company on the NASDAQ under the symbol ERII, the company is recognized for not just its pioneering role in energy recovery, but for its commitment to advancing technologies that yield less waste, greater energy savings, and a healthier environment.
Through its game-changing technologies and commitment to sustainability, Energy Recovery Inc. has positioned itself as a trailblazer in the energy sector. By converting wasted energy into useful power, ERII is essentially contributing to a future where operational efficiency and environmental responsibility are not mutually exclusive, but rather are hand in hand in shaping a sustainable world.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
Energy Recovery, Inc. (NASDAQ:ERII) has received an average "Reduce" recommendation from analysts, with one analyst advising a sell and three suggesting a hold. The company's shares opened at $7.03, close to its 52-week low, following recent downgrades and a price target cut by B. Riley Financial. Energy Recovery also missed quarterly earnings expectations, reporting a loss of $0.03 per share on revenue of $12.0 million, significantly below estimates.
This webinar discusses the often-overlooked energy costs in low-pressure reverse osmosis (RO) systems and how energy recovery devices (ERDs), particularly modern PX® technology, can unlock significant energy savings. It addresses the misconception that ERDs are only viable for high-pressure seawater desalination, presenting case studies from municipal and industrial water reuse, and brackish water RO applications. The session will also provide a framework for assessing suitable RO systems for energy recovery and demonstrate Energy Recovery's Power Model Pro for quantifying potential savings.
Energy Recovery (ERII) stock dropped 5.4% following Seaport Global's downgrade from Buy to Neutral. The downgrade reflects the company's withdrawal of guidance for its desalination business due to significant exposure to the Middle East market, which is currently experiencing turmoil. This suggests potential headwinds for the company's future performance.
Amundi increased its stake in Energy Recovery, Inc. (NASDAQ:ERII) by 7.0% in the second quarter, bringing its total holdings to over 4 million shares, representing 7.77% of the company. Other institutional investors also adjusted their positions, and collectively, institutional investors and hedge funds own 83.58% of the stock. Analyst sentiment remains cautious with a "Hold" consensus rating and an average price target of $13.50, after the company missed revenue and EPS estimates in its last quarterly report.
Energy Recovery (ERII) reported a Q2 loss of $0.03 per share, surpassing the Zacks Consensus Estimate of a $0.04 loss, but missed revenue estimates with $12 million against an expected $25.24 million. The company's shares have dropped 32.4% year-to-date, contrasting with the S&P 500's 13% gain. Analysts currently assign ERII a Zacks Rank #3 (Hold), indicating expected market-perform future movement.
Energy Recovery (ERII) reported a significant 57% year-over-year revenue decrease in Q2 2026, primarily due to project execution delays caused by geopolitical conflict in Iran. Despite these headwinds, the company maintains a strong long-term megaproject pipeline and is strategically investing in a new Saudi Arabia facility to improve margins and regional presence. Management also highlighted efforts to accelerate growth in the wastewater market by expanding its product portfolio and optimizing sales resources.
Arrowstreet Capital Limited Partnership significantly increased its holdings in Energy Recovery, Inc. ($ERII) by 47.7% in the first quarter, now owning over 514,000 shares valued at $5.18 million. Despite institutional ownership of 83.58%, analyst sentiment is mixed with a consensus "Hold" rating and a $15 price target. The company recently missed EPS expectations but exceeded revenue forecasts, and two directors also made recent stock purchases.