Energy Recovery/$ERII

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About Energy Recovery

Energy Recovery Inc designs and manufactures energy-saving technologies. The firm uses its proprietary pressure exchanger technology to help customers in multiple industries improve their operations and lower their emissions. Using its proprietary technology, it offers energy recovery devices, including pressure exchangers, pumps, and turbochargers, mainly used for seawater desalination and wastewater treatment. Additionally, the company is involved in the development of emerging technologies, such as the PX G1300 used in industrial and commercial refrigeration applications. The firm's reportable operating segments are: Water, which generates maximum revenue, and Emerging Technologies. Geographically, it generates maximum revenue from the Middle East, and the rest from other markets.
Ticker
$ERII
Primary listing
NASDAQ
Employees
230

Energy Recovery Metrics

BasicAdvanced
$360M
25.29
$0.28
0.91
-

What the Analysts think about Energy Recovery

Analyst ratings (Buy, Hold, Sell) for Energy Recovery stock.
Analyst projections of the future price of Energy Recovery stock.

Bulls say / Bears say

Energy Recovery secured a new Saudi desalination contract expected to provide water for approximately one million people, reinforcing its strategic position in the company’s largest regional market. (Energy Recovery)
The company announced five new industrial wastewater projects in India, expanding commercial traction to more than 50 projects and supporting over 230,000 cubic meters per day of treatment capacity. (Energy Recovery)
Despite weak volume, Q2 gross margin improved to 74.7% from 64.0% and operating expenses declined 10%, indicating meaningful pricing, mix, and cost-control potential when project deliveries normalize. (Energy Recovery)
Q2 2026 revenue fell 57% year over year to $12.0 million, and the company posted a $5.9 million operating loss; management attributed the decline largely to lower revenue related to the war in Iran. (Energy Recovery)
Revenue remains highly dependent on project timing: first-half 2026 megaproject revenue fell 79% year over year, while total revenue declined 40% to $21.7 million. (SEC Form 10-Q)
Execution and management-transition risk have increased: the CEO accelerated his retirement, the company appointed an interim CEO, and it wound down its CO2 retail-grocery business after a fundamental change in its outlook. (Energy Recovery)
Data summarised monthly by Lightyear AI. Last updated on 14 Sept 2026.

Energy Recovery Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Energy Recovery Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Energy Recovery

AllEURGBP
Funds
Fund name
Fund size
$ERII weighting
iShares Global Water€IQQQ
€1.8B0.13%
iShares Global Water£IH2O
£1.6B0.13%
SPDR Russell 2000 US Small Cap€R2US
€4.8B0.01%
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