Energy Recovery (NASDAQ:ERII) Downgraded by Freedom Capital to Hold

Posted by George Bondi on May 12th, 2026

Freedom Capital downgraded shares of Energy Recovery (NASDAQ:ERII – Free Report) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on ERII. Loop Capital set a $13.00 target price on Energy Recovery in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energy Recovery in a report on Monday, April 27th. Finally, Northcoast Research cut Energy Recovery from a “buy” rating to a “neutral” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Energy Recovery currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

View Our Latest Stock Report on ERII

Energy Recovery Stock Performance

Energy Recovery stock opened at $8.70 on Monday. Energy Recovery has a 52 week low of $8.62 and a 52 week high of $18.32. The stock has a market capitalization of $448.40 million, a P/E ratio of 22.90 and a beta of 1.04. The stock has a fifty day moving average of $10.45 and a 200-day moving average of $13.29.

Energy Recovery (NASDAQ:ERII – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.13). Energy Recovery had a return on equity of 10.89% and a net margin of 15.07%.The business had revenue of $9.71 million for the quarter, compared to analyst estimates of $8.37 million. On average, research analysts forecast that Energy Recovery will post 0.42 earnings per share for the current year.

Insider Transactions at Energy Recovery

In other Energy Recovery news, Director Arve Hanstveit sold 165,292 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $10.14, for a total value of $1,676,060.88. Following the sale, the director owned 384,928 shares in the company, valued at approximately $3,903,169.92. The trade was a 30.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Rodney Clemente sold 20,568 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $10.61, for a total value of $218,226.48. Following the sale, the senior vice president owned 116,008 shares in the company, valued at approximately $1,230,844.88. The trade was a 15.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 238,551 shares of company stock worth $2,456,512 in the last quarter. Corporate insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Energy Recovery

A number of large investors have recently made changes to their positions in ERII. Wexford Capital LP bought a new position in shares of Energy Recovery in the third quarter worth $27,000. Hantz Financial Services Inc. boosted its holdings in shares of Energy Recovery by 2,581.9% in the third quarter. Hantz Financial Services Inc. now owns 1,931 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 1,859 shares during the period. Parallel Advisors LLC bought a new stake in Energy Recovery during the fourth quarter valued at $38,000. State of Alaska Department of Revenue bought a new stake in Energy Recovery during the third quarter valued at $46,000. Finally, Comerica Bank boosted its stake in Energy Recovery by 150.5% during the fourth quarter. Comerica Bank now owns 3,868 shares of the industrial products company’s stock valued at $52,000 after buying an additional 2,324 shares during the period. 83.58% of the stock is owned by institutional investors.

About Energy Recovery

(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.