Energy RecoveryERII
ERII
About: Energy Recovery Inc is an engineering-driven technology company. It is engaged in engineering, designing, manufacturing and supplying solutions that make industrial processes more efficient and sustainable. The company operates in three segments, Water, Emerging Technologies and Corporate. It offers energy recovery devices (ERDs) and pumps as well as related products and services to the global reverse osmosis desalination market. The company derives a majority of the revenue from the Water segment. Geographically, the company operates in the U.S. and other international countries.
Employees: 269
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
465% more call options, than puts
Call options by funds: $803K | Put options by funds: $142K
29% more capital invested
Capital invested by funds: $647M [Q2] → $835M (+$188M) [Q3]
1.71% less ownership
Funds ownership: 84.95% [Q2] → 83.24% (-1.71%) [Q3]
2% less funds holding
Funds holding: 172 [Q2] → 168 (-4) [Q3]
15% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 27
39% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 69
50% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
32%
upside
Avg. target
$21
39%
upside
High target
$22
45%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
Scotiabank Jeff Campbell 0% 1-year accuracy 0 / 4 met price target | 45%upside $22 | Buy Initiated | 5 Dec 2024 |
Seaport Global Jeff Campbell 0% 1-year accuracy 0 / 4 met price target | 45%upside $22 | Buy Initiated | 5 Dec 2024 |
B. Riley Securities Ryan Pfingst 60% 1-year accuracy 3 / 5 met price target | 32%upside $20 | Buy Maintained | 19 Nov 2024 |
Evercore ISI Group James West 47% 1-year accuracy 17 / 36 met price target | 32%upside $20 | Outperform Maintained | 19 Nov 2024 |
Financial journalist opinion
Neutral
GlobeNewsWire
4 days ago
USA Rare Earth Appoints Joshua Ballard as Chief Executive Officer
NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- USA Rare Earth, LLC (“USARE” or the “Company”), announced today that Joshua Ballard has been named Chief Executive Officer effective December 17, 2024. USARE's mission is to establish a vertically integrated, domestic rare earth magnet supply chain that includes heavy rare earth elements and other critical minerals, such as gallium. USARE is developing a NdFeB magnet manufacturing plant in the United States, and establishing domestic rare earth elements and critical minerals supply, extraction, and processing capabilities to both supply its magnet manufacturing plant and market surplus materials to third-parties.
Neutral
Business Wire
4 days ago
Energy Recovery Wins “Breakthrough Innovation Award” at IDRA World Congress
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--At the 2024 IDRA World Congress show this week, Energy Recovery, Inc. (Nasdaq: ERII) was honored with The Breakthrough Innovation Award for Most Innovative Company in Desalination Technology. The award, announced at the IDRA World Congress Gala Dinner, “recognizes the pioneering efforts and transformative impact of a company, utility, or agency at the forefront of desalination technology.” Energy Recovery has been the trusted gold standard in en.
Neutral
Business Wire
1 month ago
Energy Recovery Announces Share Repurchase Program
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII) today announced that its Board of Directors approved a share repurchase program to purchase up to $50 million of the company's outstanding common stock over the next 12 months, beginning in November 2024. “With our strategic plan, or Playbook, complete we now have a clear picture of the capital required to fund our growth,” said Energy Recovery's President and CEO David Moon. “As such, we are happy to return a large port.
Neutral
GlobeNewsWire
1 month ago
Energy Recovery Ventilator Market Size to Reach US$ 10.73 Billion by 2032, Driven by Increasing Awareness of Indoor Air Quality & The Need for Energy-Efficient Ventilation Solutions | Research by S&S Insider
Rising urbanization and stricter building codes are pushing commercial and residential sectors to adopt ERVs, as these systems effectively balance indoor temperature and humidity while reducing the load on heating, ventilation, and air conditioning (HVAC) systems, Says S&S Insider. Rising urbanization and stricter building codes are pushing commercial and residential sectors to adopt ERVs, as these systems effectively balance indoor temperature and humidity while reducing the load on heating, ventilation, and air conditioning (HVAC) systems, Says S&S Insider.
Positive
Seeking Alpha
1 month ago
Energy Recovery Delivered In Q3 But Faces A Challenging Q4, Still A Hold
Energy Recovery reported Q3 2024 results with much better performance in delivering products to their mega-projects and recording revenues. Still, about 50% of yearly revenue has to be delivered in Q4, leaving significant guidance-miss risk, which should not affect overall business profitability anyway. The company issued a white paper with positive data on the refrigeration technology, although it is still early to determine its value.
Neutral
Seeking Alpha
1 month ago
Energy Recovery, Inc. (ERII) Q3 2024 Earnings Call Transcript
Energy Recovery, Inc. (NASDAQ:ERII ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Lionel McBee - Director, Investor Relations David Moon - President and Chief Executive Officer, Director Michael Mancini - Chief Financial Officer Conference Call Participants Ryan Pfingst - B. Riley Securities Pavel Molchanov - Raymond James Jason Bandel - Evercore ISI Jeffrey Campbell - Seaport Research Partners Operator Good day, ladies and gentlemen, and welcome to the Energy Recovery Third Quarter Earnings Call.
Positive
Zacks Investment Research
1 month ago
Energy Recovery (ERII) Q3 Earnings and Revenues Surpass Estimates
Energy Recovery (ERII) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.20 per share a year ago.
Neutral
Business Wire
1 month ago
Energy Recovery Reports its Third Quarter 2024 Financial Results
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the third quarter and nine months ended September 30, 2024. Third Quarter Highlights Revenue of $38.6 million, reaching the upper end of our guidance of $35 - $39 million. Gross margin of 65.1%, a decrease of 480 bps, as compared to Q3'2023, due primarily to higher manufacturing costs and higher costs related to product mix. Operating expenses.
Neutral
Business Wire
1 month ago
Energy Recovery Showcases Exceptional Performance of PX G1300 in Commercial CO2 Refrigeration Installations
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII) today announced new performance data for the PX G1300® pressure exchanger. The findings demonstrate its successful integration into several existing CO2 refrigeration systems to reduce energy consumption and increase cooling capacity and system stability. CO2 refrigeration is a leading replacement for harmful hydrofluorocarbon (HFC) systems because it is non-toxic, non-flammable, and has a low global warming potential th.
Neutral
Business Wire
2 months ago
Join Energy Recovery's Live Investor Webinar and Q&A Session on November 18, 2024
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (NASDAQ: ERII) (Energy Recovery or the Company) will host an investor webinar to present its strategic vision with senior management on November 18th, 2024 from 10 a.m. to about noon Eastern Time. This special event will include presentations by CEO, David Moon, CFO Mike Mancini, Sr. VP of Water, Rodney Clemente, and VP of CO2, Ricardo Freitas. Management's presentations will be followed by a live Q&A session for analysts and inves.
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