Energy Recovery upgraded by Raymond James with a new price target
$ERII
Industrial Machinery/Components
Technology
Raymond James upgraded Energy Recovery from Outperform to Strong Buy and set a new price target of $21.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/5/2024 | $22.00 | Buy | Seaport Research Partners |
| 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 |
Energy Recovery, Inc. (NASDAQ:ERII) announced today it will release its financial results for the quarterly period ending March 31, 2025. The Company will host a conference call to discuss the results and related matters on May 7, 2025, after market close. EARNINGS RELEASE Wednesday, May 7, 2025 (after market close) LIVE CONFERENCE CALL Wednesday, May 7, 2025, 2 p.m. PT / 5 p.m. ET Listen-only, US / Canada Toll-Free: +1 (888) 645-4404 Listen-only, Local / International: +1 (862) 298-0702 CONFERENCE CALL REPLAY Expiration: June 7, 2025 US / Canada Toll-Free: +1 (877) 660-6853 Local / International Toll: +1 (201) 612-7415 Access code: 13753398 Investors may also access the live call and r
Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter Highlights Revenue of $67.1 million, an increase of 17% as compared to Q4'2023 and resulting in full-year revenue at the midpoint of guidance. Gross margin of 70.2%, an increase of 110 bps, as compared to Q4'2023, due primarily to benefits from our manufacturing transformation. Operating expenses of $21.5 million, an increase of 13.9%, as compared to Q4'2023, due primarily to $2.5 million of restructuring costs related to our announced workforce reduction and executive transition costs. Income fro
New $30 million program follows Q4 2024 completion of share repurchase announced in November 2024 Board authorization underscores balance sheet strength and free cash flow generation as company executes growth strategy Continued cost management and margin improvement initiatives driving confidence in long-term strategic operating plan Energy Recovery, Inc. (NASDAQ:ERII) today announced its Board of Directors approved a share repurchase program to purchase up to $30 million of the company's outstanding common stock over the next 12 months, beginning in February 2025. The new program is in addition to a $50 million share repurchase program announced in November and completed in Q4
Seaport Research Partners initiated coverage of Energy Recovery with a rating of Buy and set a new price target of $22.00
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