Date | Price Target | Rating | Analyst |
---|---|---|---|
7/9/2024 | $21.00 | Outperform → Strong Buy | Raymond James |
11/17/2022 | $28.00 | Buy | B. Riley Securities |
11/8/2022 | $23.00 | Mkt Perform → Outperform | Raymond James |
7/7/2021 | Outperform → Market Perform | Raymond James |
4 - Energy Recovery, Inc. (0001421517) (Issuer)
4 - Energy Recovery, Inc. (0001421517) (Issuer)
4 - Energy Recovery, Inc. (0001421517) (Issuer)
Raymond James analyst Pavel Molchanov upgrades Energy Recovery (NASDAQ:ERII) from Outperform to Strong Buy and maintains the price target from $21 to $21.
SC 13G - Energy Recovery, Inc. (0001421517) (Subject)
SC 13G - Energy Recovery, Inc. (0001421517) (Subject)
SC 13G/A - Energy Recovery, Inc. (0001421517) (Subject)
Energy Recovery, Inc. (NASDAQ:ERII) today announced the company has signed contracts to supply its PX® Pressure Exchanger® to seawater reverse osmosis (SWRO) desalination projects in Morocco, totaling $27.5 million. These contracts have previously been reported in the company's financial guidance, and all orders are expected to be fulfilled in 2024. North Africa continues to present a strong demand for SWRO desalination. Morocco is facing a years long drought that drained the country's reservoirs to 25% full earlier this year, and the country is currently working towards a goal to supply half of its drinking water from desalination by 2030. When completed, these projects will supply over
Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the second quarter and six months ended June 30, 2024. Second Quarter Highlights Revenue of $27.2 million, exceeding the upper end of our guidance of $20 - $25 million. Gross margin of 64.6%, a decrease of 80 bps, as compared to Q2'2023, due primarily to higher manufacturing costs. Operating expenses of $19.6 million, an increase of 21.4%, as compared to Q2'2023, due primarily to the enhancement of our corporate growth strategy, increased investments within sales and marketing, and executive transition costs. Loss from operations of $2.0 million, mainly due to low
Energy Recovery, Inc. (NASDAQ:ERII) today announced the appointment of Michael (Mike) Mancini as Chief Financial Officer (CFO). He will join Energy Recovery on August 5, 2024. Mr. Mancini is an experienced CFO and business strategist with extensive operational and capital markets experience. "From Mike's extensive experience with high-growth engineering and technology businesses to his expertise in capital allocation, he possesses all the qualities we have been seeking in a new CFO," said David Moon, President and CEO of Energy Recovery. "Mike's analytical horsepower and collaborative approach will be tremendous assets as we advance our growth strategy and move further into new markets."
10-Q - Energy Recovery, Inc. (0001421517) (Filer)
8-K - Energy Recovery, Inc. (0001421517) (Filer)
8-K - Energy Recovery, Inc. (0001421517) (Filer)
Raymond James upgraded Energy Recovery from Outperform to Strong Buy and set a new price target of $21.00
B. Riley Securities initiated coverage of Energy Recovery with a rating of Buy and set a new price target of $28.00
Raymond James upgraded Energy Recovery from Mkt Perform to Outperform and set a new price target of $23.00
4 - Energy Recovery, Inc. (0001421517) (Issuer)
3 - Energy Recovery, Inc. (0001421517) (Issuer)
4 - Energy Recovery, Inc. (0001421517) (Issuer)
Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the second quarter and six months ended June 30, 2024. Second Quarter Highlights Revenue of $27.2 million, exceeding the upper end of our guidance of $20 - $25 million. Gross margin of 64.6%, a decrease of 80 bps, as compared to Q2'2023, due primarily to higher manufacturing costs. Operating expenses of $19.6 million, an increase of 21.4%, as compared to Q2'2023, due primarily to the enhancement of our corporate growth strategy, increased investments within sales and marketing, and executive transition costs. Loss from operations of $2.0 million, mainly due to low
Energy Recovery, Inc. (ERII or the Company) (NASDAQ:ERII) today announced it will release its financial results for the quarterly period ending June 30, 2024, and host a conference call to discuss the quarter's results and related matters on July 31, 2024 after market close. EARNINGS RELEASE Wednesday, July 31, 2024 (after market close) LIVE CONFERENCE CALL Wednesday, July 31, 2024, 2 p.m. PT / 5 p.m. ET Listen-only, US / Canada Toll-Free: +1 (877) 709-8150 Listen-only, Local / International Toll: +1 (201) 689-8354 CONFERENCE CALL REPLAY Expiration: Friday, August 30, 2024 US / Canada Toll-Free: +1 (877) 660-6853 Local / International Toll: +1 (201) 612-7415 Access code: 13747957 In
Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the first quarter ended March 31, 2024. First Quarter Highlights Revenue of $12.1 million, which is in-line with our February 2024 guidance. Gross margin of 59.0%, a decrease of 190 bps, as compared to Q1'2023, due primarily to higher manufacturing costs and an increase in inventory scrap. Operating expenses of $18.1 million, an increase of 11%, as compared to Q1'2023, due primarily to increased investments within sales and marketing and Executive transition costs. Loss from operations of $10.9 million, mainly due to lower revenues and gross margin as previously g
Energy Recovery, Inc. (NASDAQ:ERII) today announced the appointment of Michael (Mike) Mancini as Chief Financial Officer (CFO). He will join Energy Recovery on August 5, 2024. Mr. Mancini is an experienced CFO and business strategist with extensive operational and capital markets experience. "From Mike's extensive experience with high-growth engineering and technology businesses to his expertise in capital allocation, he possesses all the qualities we have been seeking in a new CFO," said David Moon, President and CEO of Energy Recovery. "Mike's analytical horsepower and collaborative approach will be tremendous assets as we advance our growth strategy and move further into new markets."
Energy Recovery, Inc. (NASDAQ:ERII) today announced key hires in support of the company's growth strategy with the appointment of Ricardo Freitas as Vice President and General Manager of the company's CO2 refrigeration business and Matt Hostetler as Chief Human Resources Officer (CHRO). "Energy Recovery is entering a new phase, and optimizing our product, processes, and talent is critical to fueling our future growth plans," said David Moon, Energy Recovery President and CEO. "Ricardo and Matt are proven global leaders with unique experience and skills that will help us capture the opportunities before us. Both will play an integral role in executing our strategy and accelerating our grow
DURHAM, NC / ACCESSWIRE / April 23, 2024 / 374Water Inc. (NASDAQ:SCWO), a global leader in cutting-edge, sustainable waste management technologies, today announced the appointment of Chris Gannon as its new President and Chief Executive Officer (CEO), effective immediately. Gannon brings a broad array of executive leadership experience in multiple disciplines and industries, including environmental technology development, highly engineered product, advanced manufacturing, and global customer support and service with customers in the municipal, industrial, commercial, defense, and medical spaces. Gannon has also served in numerous transformational roles at both publicly traded and private equ