Energy Recovery Is Close To Fair Value, But I Wait For Lower Prices [Seeking Alpha]
Energy Recovery, Inc. (ERII)
Last energy recovery, inc. earnings: 4/30 04:02 pm
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US:NASDAQ Investor Relations:
ir.energyrecovery.com
Company Research
Source: Seeking Alpha
Despite strong growth in its water and wastewater markets, ERII's stock price has declined by 50%. The company's new focus on the refrigeration market presents both potential opportunities and risks. Using a BCG matrix framework, the company is not as overvalued as it seems at first sight. Still, I prefer to wait for better entry prices. Energy Recovery ( NASDAQ: ERII ) is the leader in pressure exchanger systems used in desalination plants worldwide. I wrote about ERII in November 2022 with a Hold recommendation . Despite the company's impressive control over the pressure exchanger market, I considered the stock price too high and charged with optimism (part of it fueled by management). This represented a risky entry point. In this review, I find the stock price much more compelling, albeit I continue to rate the stock a Hold. The reason is that the multiple on the profitable water business is still high, while success in the CO2 market is not guaranteed. However, I be
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News
- [Latest] Global Aramid Fiber Market Size/Share Worth USD 9.6 Billion by 2033 at a 8.1% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value) [Yahoo! Finance]Latest
- Energy Recovery to Release First Quarter 2024 Financial ResultsBusiness Wire
- The five-year decline in earnings for Energy Recovery NASDAQ:ERII) isn't encouraging, but shareholders are still up 58% over that period [Yahoo! Finance]Yahoo! Finance
- Energy Recovery, Inc. (NASDAQ: ERII) had its price target lowered by analysts at Evercore ISI from $26.00 to $24.00. They now have an "outperform" rating on the stock.MarketBeat
- Energy Recovery, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now [Yahoo! Finance]Yahoo! Finance
ERII
Earnings
- 2/21/24 - Beat
ERII
Analyst Actions
- 2/28/24 - Evercore ISI Group
ERII
Sec Filings
- 4/22/24 - Form DEF
- 4/22/24 - Form 8-K
- 3/13/24 - Form 4
- ERII's page on the SEC website