Key Points
- Rodney Clemente, Energy Recovery's SVP, sold 20,568 shares on March 4 at an average of $10.61 for $218,226.48, trimming his stake by 15.06% to 116,008 shares.
- The company missed quarterly expectations with EPS $0.53 vs. $0.67 expected and revenue $66.59M vs. $82.59M, and set FY2026 guidance of $0.50–$0.70 EPS.
- Shares fell 1.1% to $10.61 (below the 50- and 200-day averages near $14), the stock has a market cap of about $560.5M, and analysts maintain a “Moderate Buy” consensus with a $15 average price target.
Energy Recovery, Inc. (NASDAQ:ERII - Get Free Report) SVP Rodney Clemente sold 20,568 shares of Energy Recovery stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $10.61, for a total transaction of $218,226.48. Following the sale, the senior vice president directly owned 116,008 shares in the company, valued at $1,230,844.88. This trade represents a 15.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Rodney Clemente also recently made the following trade(s):
- On Thursday, February 5th, Rodney Clemente sold 724 shares of Energy Recovery stock. The stock was sold at an average price of $14.59, for a total transaction of $10,563.16.
Energy Recovery Trading Down 1.1%
NASDAQ:ERII traded down $0.12 on Friday, reaching $10.61. The stock had a trading volume of 905,307 shares, compared to its average volume of 705,969. The company has a 50-day moving average of $14.19 and a 200 day moving average of $14.73. The stock has a market cap of $560.53 million, a P/E ratio of 24.67 and a beta of 1.10. Energy Recovery, Inc. has a 12-month low of $9.59 and a 12-month high of $18.32.
Energy Recovery (NASDAQ:ERII - Get Free Report) last announced its earnings results on Wednesday, February 25th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.14). Energy Recovery had a return on equity of 11.92% and a net margin of 17.01%.The business had revenue of $66.59 million for the quarter, compared to analysts' expectations of $82.59 million. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. On average, equities analysts predict that Energy Recovery, Inc. will post 0.36 EPS for the current year.
Hedge Funds Weigh In On Energy Recovery
Hedge funds have recently bought and sold shares of the company. Aristides Capital LLC bought a new stake in Energy Recovery in the fourth quarter valued at about $182,000. Invesco Ltd. lifted its holdings in Energy Recovery by 15.8% during the 4th quarter. Invesco Ltd. now owns 746,036 shares of the industrial products company's stock worth $10,064,000 after buying an additional 101,972 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Energy Recovery by 52.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 38,950 shares of the industrial products company's stock worth $525,000 after acquiring an additional 13,463 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Energy Recovery in the 4th quarter worth approximately $390,000. Finally, Old West Investment Management LLC increased its holdings in shares of Energy Recovery by 14.6% in the 4th quarter. Old West Investment Management LLC now owns 49,944 shares of the industrial products company's stock valued at $674,000 after acquiring an additional 6,346 shares during the last quarter. 83.58% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Energy Recovery in a report on Monday, December 29th. Northcoast Research started coverage on shares of Energy Recovery in a research report on Friday. They set a "buy" rating and a $14.00 price target for the company. Finally, Loop Capital set a $13.00 price target on shares of Energy Recovery in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Energy Recovery presently has a consensus rating of "Moderate Buy" and an average price target of $15.00.
Check Out Our Latest Stock Analysis on Energy Recovery
Energy Recovery Company Profile
(
Get Free Report)
Energy Recovery, Inc (NASDAQ: ERII) is an energy technology company specializing in the design and manufacture of high-efficiency devices that capture and repurpose energy in fluid-handling applications. The company's core offering, the Pressure Exchanger® (PX®) device, enables seawater reverse osmosis (SWRO) desalination plants to recover and reuse hydraulic energy that would otherwise be lost during brine discharge. By integrating PX technology into desalination processes, Energy Recovery helps operators significantly reduce the energy consumption and operating costs of producing fresh water from seawater or brackish sources.
In addition to desalination solutions, Energy Recovery has expanded its portfolio to serve the oil and gas sector through turbocharger systems that improve the energy efficiency of hydraulic fracturing operations.
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