ERII
Energy Recovery, Inc.
ERII
7.12USD
+1.28%
Sep 23, 2026
Price
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Price Action
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown
The technical structure itself is broken across timeframes — the weakest entry profile.
Key Financials
- Market Cap
- $363.4M
- Avg Volume (60D)
- 1.0M
- Revenue Growth YoY
- -6.9%
- Gross Margin
- +64.0%
- Operating Margin
- +11.8%
- Free Cash Flow Yield
- +10.6%
- Distance from 200DMA
- -33.1%
- Next Earnings
- 2026-11-04
- P/E
- 23.7x
60 sessions
FY2025 vs FY2024
Trailing twelve months
Trailing twelve months
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026
Fundamentals & Valuation
Both valuation perspectives agree this company is cheap.
Energy Recovery, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces. It trades at a 10.6% free-cash-flow yield, which the underlying economics comfortably support.
Company Research
Thesis
Energy Recovery is a specialized energy-efficiency equipment supplier to reverse-osmosis desalination and emerging high-pressure water-reuse applications.
Opportunity
Moderate opportunity
Deployment of reverse-osmosis desalination, potable reuse, and high-recovery wastewater systems to create drought-resilient water supply while lowering the substantial energy cost of pressurized treatment.
Key risk
Declining revenue growth.
Narrative & Theme
Water Security and Circular Water Infrastructure
Part of Energy-Efficient Desalination and Advanced Water Reuse, with strong fit.
ERII has a direct, specific revenue connection to desalination and high-pressure reverse-osmosis deployment rather than a generic environmental-services adjacency.
Narrative HeatNeutral6.0 / 10
Theme HeatNeutral6.4 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Industrials · Pollution & Treatment Controls
What they do
Energy Recovery, Inc. designs, manufactures, and sells energy efficiency technology solutions primarily for water treatment industries worldwide, operating through Water and Emerging Technologies segments.
How it earns
The company generates revenue primarily through transactional sales of its energy recovery products and related equipment.
Products & services
High and low pressure exchangers
Hydraulic turbochargers
High-pressure feed and circulation pumps
Customers & end markets
Water treatment industry
Seawater and brackish desalination plants
Wastewater treatment facilities
Market position
Niche player specializing in energy recovery solutions within the water treatment sector.
Demand drivers
Medium cyclicality
Demand is influenced by infrastructure spending and environmental regulations affecting water treatment projects.