Energy Recovery, Inc.
ERII · NASDAQ
Company research
Energy Recovery, Inc. (NASDAQ: ERII) is a San Leandro, California-based global leader in energy efficiency technology, founded in 1992, that engineers, manufactures, and sells advanced energy recovery solutions primarily for the seawater reverse osmosis (SWRO) desalination, industrial wastewater treatment, and emerging industries such as CO2 refrigeration and natural gas processing. The company operates through two segments — Water and Emerging Technologies — offering a broad product portfolio that includes its flagship PX Pressure Exchanger devices, hydraulic turbochargers, high-pressure pumps, and related support services, all marketed under well-recognized brand names including PX, Ultra PX, PX PowerTrain, IsoBoost, VorTeq, and AquaBold. ERII's innovative pressure exchanger technology platform captures and recycles otherwise wasted pressure energy in high-pressure industrial systems, delivering significant reductions in energy consumption and operational costs for a diverse customer base that includes EPC firms, OEMs, direct end-users, and aftermarket clients worldwide. With approximately 230 full-time employees, a market capitalization of approximately $444 million, and manufacturing and R&D facilities in California, Energy Recovery has established a strong global footprint with sales and technical support spanning North and South America, the Middle East, North Africa, Asia, and Europe.
Research reports
Sector Q1 review noting that ERII’s revenues grew 20.3% year-on-year to 9.71 million and beat consensus by 23.6%, while characterizing the quarter as mixed as EBITDA missed expectations and the share price fell roughly 23%, highlighting that despite strong top-line performance the market remains cautious on execution and valuation relative to water-infrastructure peers.
Flash (StockSentinel) · June 20, 2026Energy Recovery, Inc. (ERII) Stock Research ReportComprehensive, multi-section fundamental and scenario analysis arguing that ERII’s dominant PX desalination technology, debt-free balance sheet and high-margin Water segment support a long-term upside case with a probability-weighted five-year target price of 16.95 versus a current price of 9.42, while emphasizing Middle East megaproject delays, guidance withdrawal, leadership transitions and customer concentration as key risks to near-term earnings and execution.
Yahoo Finance · May 20, 2026Can Energy Recovery Inc. (ERII) Overcome the Impact of …Analytical article summarizing that, based on six analyst ratings compiled by CNN, 33% rate ERII a Buy and 67% a Hold with an average price target of 13 implying roughly 53.66% upside from 8.46, noting Seaport Research’s cut of its target from 16 to 12 while maintaining a Buy and focusing on desalination project timing, conflict-driven delays in Iran and associated free-cash-flow trajectory as the main uncertainties.
Simply Wall St · May 8, 2026Energy Recovery (ERII) Is Down 14.8% After Pulling 2026 Guidance And Announcing Leadership ChangesNarrative-style equity analysis explaining that ERII’s Q1 2026 results included 9.71 million sales, a 12.25 million net loss, goodwill impairment and CEO/CFO changes alongside withdrawal of 2026 guidance due to Middle East uncertainty, framing the long-term desalination efficiency thesis as intact but stressing heightened visibility of execution and geopolitical risk even as internal forecasts project about 219.6 million revenue and 55.3 million earnings by 2028 with fair value near 14 and roughly 48% upside.
Yahoo Finance / Simply Wall St Analysis · September 16, 2025Are Investors Undervaluing Energy Recovery, Inc. (NASDAQ:ERII) By 37%?Valuation-focused piece using a two-stage discounted cash flow model to estimate ERII’s fair value at 23.07 per share versus a contemporaneous price of 14.55, concluding the stock may be around 37% undervalued; it highlights earnings growth exceeding industry averages and a debt-free balance sheet as strengths, while noting slower projected revenue growth and sensitivity to discount-rate and cash-flow assumptions as key risks and limitations.