ERII

Energy Recovery Inc

Add to Watchlist

Advanced Chart

13.850

+0.18(1.317%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

13.960

Open

13.800

VWAP

13.83

Vol

359.91K

Mkt Cap

754.81M

Low

13.680

Amount

4.98M

EV/EBITDA(TTM)

25.18

Total Shares

57.33M

677.13M

EV/OCF(TTM)

27.41

P/S(TTM)

5.57

Energy Recovery, Inc. is engaged in offering energy efficiency technology. It designs and manufactures solutions that provide cost savings through improved energy efficiency in commercial and industrial processes, with applications across several industries. Its segments include Water and Emerging Technologies. The Water segment develops, sales and supports PX, hydraulic turbochargers and pumps used in seawater desalination and wastewater treatment activities. The Emerging Technologies segment develops, sales and supports activities related to emerging technologies, such as the PX G1300 used in industrial and commercial refrigeration applications. Its solutions are marketed, sold in, or developed for, the fluid-flow and gas markets, such as seawater and wastewater desalination, natural gas, chemical processing and CO2-based refrigeration systems, under the trademarks ERI, PX, Pressure Exchanger, PX Pressure Exchanger (PX), Ultra PX, PX G, PX G1300, PX PowerTrain, AT, and Aquabold.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

73.44M

+9.49%

0.537

+7.33%

43.78M

+13.48%

0.210

23.65M

-13.04%

0.017

-81.48%

Estimates Revision

The market is revising Upward the revenue expectations for Energy Recovery, Inc. (ERII) for FY2025, with the revenue forecasts being adjusted by 5.49% over the past three months. During the same period, the stock price has changed by -8.76%.

Revenue Estimates for FY2025

Revise Upward

+5.49%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-8.63%

In Past 3 Month

Stock Price

Go Down

-8.76%

In Past 3 Month

2 Analyst Rating

-0.72% Downside

Wall Street analysts forecast ERII stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ERII is 13.75 USD with a low forecast of 12.50 USD and a high forecast of 15.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Buy

1 Hold

0 Sell

Moderate Buy

-0.72% Downside

Current: 13.850

Low

12.50

Averages

13.75

High

15.00

-0.72% Downside

Current: 13.850

Low

12.50

Averages

13.75

High

15.00

Fearnley

Hold

Buy

upgrade

$15

2025-05-20

Reason

Fearnley

Price Target

$15

2025-05-20

upgrade

Hold

Buy

Reason

Fearnley upgraded Energy Recovery to Buy from Hold with a $15 price target.

B. Riley

Ryan Pfingst

Buy

Neutral

downgrade

$20

2025-05-08

Reason

B. Riley

Ryan Pfingst

Price Target

$20

2025-05-08

downgrade

Buy

Neutral

Reason

B. Riley analyst Ryan Pfingst downgraded Energy Recovery to Neutral from Buy with a price target of $12.50, down from $20.

B. Riley

Buy -> Neutral

downgrade

$20

2025-05-08

Reason

B. Riley

Price Target

$20

2025-05-08

downgrade

Buy -> Neutral

Reason

B. Riley downgraded Energy Recovery to Neutral from Buy with a price target of $12.50, down from $20. The company posted a Q1 miss and lowered 2025 revenue guidance amid a pause in its Wastewater outlook as tariffs impact China sales, the analyst tells investors in a research note. Riley cut EBITDA estimates post the earnings report, driving its downgrade to Neutral.

Scotiabank

Jeff Campbell

Strong Buy

Initiates

$22

2024-12-05

Reason

Scotiabank

Jeff Campbell

Price Target

$22

2024-12-05

Initiates

Strong Buy

Reason

Evercore ISI Group

James West

Buy

Maintains

$23 → $20

2024-11-19

Reason

Evercore ISI Group

James West

Price Target

$23 → $20

2024-11-19

Maintains

Buy

Reason

Evercore ISI lowered the firm's price target on Energy Recovery to $20 from $23 and keeps an Outperform rating on the shares after management laid out its strategic plan across its three businesses, updated guidance for 2025 and 2026, set longer term 2029 financial targets, and announced a $50M buyback authorization. The company reiterated its prior 2024 guidance of $140M-$150M in revenue and revised its 2025 and 2026 revenue targets to $152M-$164M and $166M-$183M, respectively, the analyst noted.

B. Riley Securities

Ryan Pfingst

Strong Buy

Maintains

$22 → $20

2024-11-19

Reason

B. Riley Securities

Ryan Pfingst

Price Target

$22 → $20

2024-11-19

Maintains

Strong Buy

Reason

B. Riley analyst Ryan Pfingst lowered the firm's price target on Energy Recovery to $20 from $22 and keeps a Buy rating on the shares. Energy Recovery provided 2025 guidance and longer-term targets on an investor webinar, guiding 2025 revenue to $152M-$164M, and said it expects growth to be slower than the historical average over the next two years for its core desalination business but is confident in 2H26+ deliveries accelerating based on its pipeline visibility, the analyst tells investors in a research note. The firm says longer-term targets are well below the previous 2026 targets set by the prior management team, driven by macro factors and a more focused approach to the new market opportunities, and believes the 2029 CO2 target of $30M-$40M drove much of the weakness in the stock given the prior team's 2026 target of $100M-$300M.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Energy Recovery Inc (ERII.O) is 19.86, compared to its 5-year average forward P/E of 50.61. For a more detailed relative valuation and DCF analysis to assess Energy Recovery Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Undervalued

5Y Average PE

50.61

Current PE

19.86

Overvalued PE

73.88

Undervalued PE

27.34

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Undervalued

5Y Average EV/EBITDA

33.04

Current EV/EBITDA

17.53

Overvalued EV/EBITDA

44.52

Undervalued EV/EBITDA

21.57

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Undervalued

5Y Average PS

7.65

Current PS

4.61

Overvalued PS

9.76

Undervalued PS

5.54