Energy Recovery (ERII) Stock Price
Energy Recovery Price
Revenue has compounded at 10.5% per year over the past 19 years to 134.70 M USD. Earnings per share have grown at 10.7% per year over the last 19 years. Energy Recovery's net margin stands at 17.0%, up from 13.7% several years earlier. Analysts set a median price target of 18.56 USD, implying 144.9% above the current price. Of 11 analysts, 9 rate the stock a buy — an overall Buy consensus. Over the past year Energy Recovery shares have lost 18.8%.
Energy Recovery stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Energy Recovery over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Energy Recovery stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Energy Recovery's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Energy Recovery Price |
|---|---|
| 9/2/2026 | 7.58 USD |
| 9/1/2026 | 7.73 USD |
| 8/31/2026 | 7.71 USD |
| 8/30/2026 | 7.77 USD |
| 8/28/2026 | 7.86 USD |
| 8/27/2026 | 7.91 USD |
| 8/26/2026 | 7.94 USD |
| 8/25/2026 | 7.85 USD |
| 8/24/2026 | 7.66 USD |
| 8/21/2026 | 7.90 USD |
| 8/20/2026 | 7.75 USD |
| 8/19/2026 | 7.84 USD |
| 8/18/2026 | 7.99 USD |
| 8/14/2026 | 8.35 USD |
| 8/13/2026 | 7.82 USD |
| 8/12/2026 | 7.78 USD |
| 8/11/2026 | 7.72 USD |
| 8/10/2026 | 7.99 USD |
| 8/7/2026 | 8.68 USD |
| 8/6/2026 | 8.73 USD |
| 8/5/2026 | 8.94 USD |
| 8/4/2026 | 9.04 USD |
| 8/3/2026 | 8.91 USD |
| 7/31/2026 | 8.65 USD |
| 7/30/2026 | 8.43 USD |
| 7/29/2026 | 8.00 USD |
| 7/27/2026 | 8.46 USD |
| 7/23/2026 | 8.41 USD |
| 7/22/2026 | 8.54 USD |
| 7/21/2026 | 8.62 USD |
Energy Recovery Revenue, EBIT, Net Income
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Energy Recovery Income Statement, Balance Sheet, Cash Flow Statement
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| GROSS INCOMEM USD |
| EBITM USD |
| EBIT MARGIN% |
| NET INCOMEM USD |
| NET INCOME GROWTH% |
| SHARESM |
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30.00 | 44.00 | 54.00 | 63.00 | 74.00 | 72.00 | 92.00 | 103.00 | 125.00 | 128.00 | 144.00 | 134.00 | 73.00 | 105.00 | 136.00 | 275.00 |
| -30.23 | 46.67 | 22.73 | 16.67 | 17.46 | -2.70 | 27.78 | 11.96 | 21.36 | 2.40 | 12.50 | -6.94 | -45.52 | 43.84 | 29.52 | 102.21 |
| 53.33 | 56.82 | 66.67 | 69.84 | 75.68 | 72.22 | 68.48 | 68.93 | 69.60 | 67.97 | 66.67 | 64.93 | 64.93 | 64.93 | 64.93 | 64.93 |
| 16.00 | 25.00 | 36.00 | 44.00 | 56.00 | 52.00 | 63.00 | 71.00 | 87.00 | 87.00 | 96.00 | 87.00 | 47.40 | 68.17 | 88.30 | 178.54 |
| -18.00 | -11.00 | 3.00 | 3.00 | 9.00 | 10.00 | 31.00 | 13.00 | 24.00 | 19.00 | 19.00 | 24.00 | -9.00 | 9.00 | 25.00 | 80.00 |
| -60.00 | -25.00 | 5.56 | 4.76 | 12.16 | 13.89 | 33.70 | 12.62 | 19.20 | 14.84 | 13.19 | 17.91 | -12.33 | 8.57 | 18.38 | 29.09 |
| -18.00 | -11.00 | 1.00 | 12.00 | 22.00 | 10.00 | 26.00 | 14.00 | 24.00 | 21.00 | 23.00 | 22.00 | -9.00 | 9.00 | 24.00 | 78.00 |
| 500.00 | -38.89 | -109.09 | 1,100.00 | 83.33 | -54.55 | 160.00 | -46.15 | 71.43 | -12.50 | 9.52 | -4.35 | -140.91 | -200.00 | 166.67 | 225.00 |
| 51.82 | 52.24 | 52.11 | 53.58 | 53.67 | 55.20 | 57.26 | 58.50 | 57.43 | 57.67 | 57.24 | 53.36 | 53.36 | 53.36 | 53.36 | 53.36 |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Energy Recovery generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Energy Recovery retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Energy Recovery's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Energy Recovery has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Energy Recovery's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Energy Recovery stock margins
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Energy Recovery Stock Revenue, EBIT, Earnings per Share
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Energy Recovery business model & stock analysis
Energy Recovery SWOT Analysis
Strengths
1. Strong market position: Energy Recovery Inc holds a prominent position in the energy recovery solutions market, offering innovative technologies and products.
2. Patented technologies: The company possesses a portfolio of patented technologies that provide it with a competitive edge and differentiate its products from competitors.
3. Established customer base: Energy Recovery Inc has built strong relationships with a diverse range of customers, including leading players in the desalination, oil & gas, and chemical industries.
Weaknesses
1. Dependency on specific industries: Energy Recovery Inc's revenue heavily relies on the desalination, oil & gas, and chemical industries, making it susceptible to changes in these markets.
2. Limited product diversification: The company's product portfolio is relatively narrow, focusing mainly on energy recovery systems, which may limit its ability to penetrate new markets.
3. Potential vulnerability to economic downturns: A global economic downturn could reduce capital investments in key industries, directly impacting Energy Recovery Inc's sales and growth.
Opportunities
1. Growing demand for sustainable solutions: The increasing global focus on sustainability presents an opportunity for Energy Recovery Inc to further expand its customer base and market share.
2. Emerging markets: Energy recovery technologies are gaining traction in emerging markets, offering the company an opportunity to enter and establish a foothold in these regions.
3. Potential partnerships and collaborations: Forming strategic partnerships with key players in complementary industries can provide Energy Recovery Inc with access to new customers and markets.
Threats
1. Intense competition: Energy Recovery Inc faces competition from both established players and new entrants in the energy recovery solutions market, which could impact its market share and pricing.
2. Rapid technological advancements: Technological advancements in the industry may render Energy Recovery Inc's current offerings obsolete or less competitive if it fails to keep pace with innovation.
3. Regulatory changes: Changes in environmental regulations or policies related to the company's target industries may impose compliance costs or restrict market opportunities.
Energy Recovery Employees
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Energy Recovery Segments
Energy Recovery Revenue by Segment (1/5)
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Energy Recovery Revenue by Segment (2/5)
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Energy Recovery Revenue by Segment (3/5)
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Energy Recovery Revenue by Segment (4/5)
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Energy Recovery Revenue by Segment (5/5)
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Energy Recovery Revenue by Region
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Energy Recovery Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Energy Recovery historical P/E ratio, EBIT multiple, and P/S ratio
Energy Recovery annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Energy Recovery shares outstanding
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Current Energy Recovery forecasts and price targets in September 2026
Analyst Price Targets 2026Energy Recovery Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 8/6/2026 | Maintained | Neutral | – | |
| 5/11/2026 | Downgrade | BuyHold | – | |
| 11/10/2025 | Maintained | Buy | – | |
| 8/7/2025 | Maintained | Neutral | – | |
| 5/8/2025 | Downgrade | BuyNeutral | – | |
| 11/19/2024 | Maintained | Outperform | 62 | |
| 11/19/2024 | Maintained | Buy | – | |
| 7/9/2024 | Upgrade | OutperformStrong Buy | 65 | |
| 2/28/2024 | Maintained | Outperform | 62 | |
| 11/2/2023 | Maintained | Outperform | 65 |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
Energy Recovery Earnings Calls
Energy Recovery Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 8/5/2026 | -0.02USD | - | 19.91 MUSD | - | 2026 Q2 |
| 5/6/2026 | -0.10USD | - | 8.54 MUSD | - | 2026 Q1 |
| 2/25/2026 | 0.68USD | - | 84.16 MUSD | - | 2025 Q4 |
| 5/1/2024 | -0.13USD | - | 15.34 MUSD | - | 2024 Q1 |
| 2/20/2024 | 0.39USD | - | 64.84 MUSD | - | 2023 Q4 |
| 8/1/2023 | -0.04USD | - | 24.53 MUSD | - | 2023 Q2 |
| 5/2/2023 | -0.14USD | - | 14.38 MUSD | - | 2023 Q1 |
| 2/22/2023 | 0.16USD | - | 41.45 MUSD | - | 2022 Q4 |
| 11/2/2022 | 0.10USD | - | 35.02 MUSD | - | 2022 Q3 |
| 8/3/2022 | -0.04USD | - | 23.01 MUSD | - | 2022 Q2 |
EESG©
Eulerpool ESG Scorecard© for the Energy Recovery stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
Energy Recovery shareholder structure
| % | Name |
|---|---|
10.53392% | |
9.09657% | |
6.46866% | |
3.85713% | |
3.43800% | |
3.29031% |
Energy Recovery Beneficial Ownership Filings (SEC 13D/G)
| Stake | Holder | Filing |
|---|---|---|
11.00% | SEC ↗ | |
11.00% | SEC ↗ | |
10.00% | SEC ↗ | |
9.20% | SEC ↗ | |
8.90% | SEC ↗ | |
7.70% | SEC ↗ | |
7.70% | SEC ↗ | |
7.70% | SEC ↗ | |
7.29% | SEC ↗ | |
7.14% | SEC ↗ |
Energy Recovery Executives and Management Board
11 members · avg. age 57 · 18 % women
Mr. David Moon (62)
President, Chief Executive Officer, Director · since 2023
3.75 M USD
Management
Mr. Michael Mancini (44)
Chief Financial Officer
Mr. Rodney Clemente (45)
Senior Vice President - Water · since 2019
Mr. William Yeung (52)
Chief Legal Officer and Corporate Secretary
Dr. Ram Ramanan (64)
Chief Technology Officer
Mr. David Kim-hak
Vice President - Wastewater
Board of Directors
Ms. Pamela Tondreau (65)
Independent Chairman of the Board
Mr. Alexander Buehler (49)
Independent Director · since 2011
Ms. Joan Chow (64)
Independent Director
Mr. Arve Hanstveit (70)
Independent Director
Mr. Colin Sabol (57)
Independent Director
Frequently asked questions about Energy Recovery
The business model of Energy Recovery Inc is centered around providing energy-efficient solutions for industrial fluid flow applications. The company specializes in developing and manufacturing advanced technologies that help optimize energy consumption and reduce operating costs in various industries such as water desalination, oil & gas, and chemical processing. Energy Recovery's flagship product, the PX Pressure Exchanger®, is a highly efficient device that recovers and transfers energy from high-pressure waste streams to lower-pressure clean fluid streams. By harnessing this energy, the company enables its customers to achieve significant energy savings and enhance their overall operational efficiency.
Energy Recovery Inc is primarily active in the desalination and oil & gas industries.
The main competitors of Energy Recovery Inc in the market include companies such as Xylem Inc, ABB Ltd, and Pentair plc.
Energy Recovery Inc (ERI) is a leading global provider of energy-efficient solutions for industrial fluid flow applications. Established in 1992, Energy Recovery has a rich history of innovation and technological advancements. The company's primary focus is on developing and commercializing technologies that optimize energy consumption and improve productivity. Energy Recovery is renowned for its flagship product, the PX Pressure Exchanger®, which enables substantial energy recovery in desalination facilities worldwide. With a commitment to sustainability and a diverse portfolio of solutions, Energy Recovery Inc continues to play a pivotal role in driving energy efficiency across various industries.
Energy Recovery Inc, a leading expert in energy-efficient solutions, has achieved several significant milestones. Firstly, the company played a vital role in revolutionizing desalination technology with its flagship product, the PX Pressure Exchanger®. This innovative device helped reduce energy consumption and costs associated with desalination processes. Additionally, Energy Recovery Inc has continually expanded its product portfolio, introducing advanced solutions for water and wastewater treatment, oil and gas, and chemical processing industries. The company's commitment to sustainability and technological advancements has garnered global recognition, strengthening its position as a market leader. With a focus on delivering exceptional outcomes, Energy Recovery Inc continues to shape and transform the industries it serves.
Energy Recovery Inc is primarily present in various countries and regions across the globe. They have a significant presence in the United States, being headquartered in San Leandro, California. Additionally, Energy Recovery Inc has established a strong presence in other countries, including China, India, the United Arab Emirates, Spain, and South Korea. These international markets offer significant opportunities for the company to expand its operations and deliver their advanced energy recovery solutions to a diverse range of industries. With a global footprint, Energy Recovery Inc continues to be a leading player in the energy efficiency sector, catering to the needs of customers worldwide.
Energy Recovery Inc represents a commitment to innovation, sustainability, and solving complex energy challenges. With a focus on providing eco-friendly solutions, the company's corporate philosophy revolves around achieving energy efficiency while reducing environmental impact. Through their innovative technologies and products, Energy Recovery Inc strives to enable energy-intensive industries to operate more efficiently, minimizing costs and carbon emissions. By optimizing processes and promoting the responsible use of resources, the company aims to enhance production and reduce operational risks for their clients. Energy Recovery Inc's dedication to these values makes them a trusted player in the energy recovery sector.
Analysts currently set an average price target of 18.60 USD for the Energy Recovery stock (median: 18.56 USD), implying +143.8 % versus the latest price. The consensus is based on 11 analyst ratings.
11 analysts currently rate the Energy Recovery stock: 9 recommend buying, 2 holding and 0 selling. For 2026, analysts expect Energy Recovery to generate revenue of 73.57 M USD and earnings per share of -0.18 USD.
Converted at the current exchange rate, the Energy Recovery share trades at 6.53 EUR (7.58 USD).
The Energy Recovery share (ERII) is listed on 4 stock exchanges, including: NASDAQ (ERII), Frankfurt (5E2.F), München (5E2.MU), Düsseldorf (5E2.DU).
Energy Recovery Inc is a globally operating company that specializes in providing advanced technologies for energy generation and efficiency. The company's business model focuses on developing new energy sources and saving energy costs by converting waste streams into valuable energy. Its various divisions include marine and wastewater technology, oil and gas industry, chemical industry, and renewable energies. The company offers a wide range of products and services, including energy generation systems, pumps, turbines, desalination plants, and other innovative technologies. In the marine and wastewater technology sector, Energy Recovery Inc is a leader in energy recovery from wastewater treatment plants and desalination of seawater. The company provides solutions for water treatment challenges and ensures that valuable resources can be converted into renewable energy. For the oil and gas industry, Energy Recovery Inc offers energy-efficient solutions for production pumps that reduce energy consumption, decrease maintenance time, and lower operating costs. The company's efficient technologies improve yield in the development of oil and gas reserves while simultaneously reducing environmental impact. In the chemical industry, Energy Recovery Inc helps increase the efficiency of manufacturing processes, thereby saving energy costs and minimizing environmental impact. The company's technology is also used in processes such as coal gasification and exhaust treatment. Additionally, Energy Recovery Inc is a leading provider of technologies for renewable energies, such as turbines that improve energy production from waste heat and reduce exhaust emissions. The company contributes to accelerating the transition to green energy sources and reducing environmental pollution. Energy Recovery Inc's business model is focused on developing innovative technologies and solutions that allow industrial customers to operate sustainably and efficiently. The company pursues a growth-oriented strategy and leverages its expertise to enter new markets and industries. Overall, Energy Recovery Inc offers a broad portfolio of technologies and services for energy generation and efficiency. The company has an impressive track record and is well positioned to continue playing a significant role in the renewable energy sector in the future. With a dedicated team of professionals and a strong focus on innovation, Energy Recovery Inc remains an innovative pioneer in the industry.
The expected revenue of Energy Recovery is 73.57 M USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Energy Recovery is -9.83 M USD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Energy Recovery is currently -41.15. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Energy Recovery stock.
The price-to-sales ratio (P/S) of Energy Recovery is currently 5.50. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Energy Recovery stock.
The Eulerpool Quality Score for Energy Recovery is 4/10.
The ISIN of Energy Recovery is US29270J1007. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Energy Recovery is A0NJUL. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Energy Recovery is ERII. The ticker symbol is used to trade Energy Recovery shares on the stock exchange.
Energy Recovery paid dividends every year for the past 0 years.
Energy Recovery is assigned to the 'Industry' sector.
The dividends of Energy Recovery are distributed in USD.
Energy Recovery stock
Energy Recovery Peer Group
Energy Recovery Ticker
Energy Recovery FIGI
All fundamentals and in-depth analysis of Energy Recovery
Our stock analysis for Energy Recovery stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Energy Recovery. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.