Energy Recovery

Energy Recovery, Inc. engages in the design and manufacture of industrial fluid flow solutions. It operates through the Water, and Oil and Gas segments. The Water segment in sea, brackish, and contaminated water reverse osmosis desalination solutions. The Oil and Gas segment delivers hydraulic fracturing, gas processing, and chemical processing services. Its products include PX Pressure Exchanger, pumping systems, turbochargers, PX PowerTrain, Ultra PX, and VorTeq. The company was founded in April 1992 and is headquartered in San Leandro, CA.

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Energy Recovery reports robust 2022 performance, eyes growth opportunities

Energy Recovery's strong 2022 performance, driven by revenue growth and margin improvements, sets a positive tone for 2023. The company's focus on product innovation and market expansion in key sectors positions it well for future growth. However, challenges in managing expenses and market risks require careful navigation.

Energy Recovery reports Q1 revenue growth and targets $200M desalination revenue

Energy Recovery's Q1 performance reflects a focus on desalination and industrial wastewater sales, with a revenue of $13.4 million.
The company's strategic initiatives, like the Power Model Pro platform and distribution agreements, position it for future growth.
While facing challenges in managing expenses, Energy Recovery remains optimistic about achieving profitability in the latter half of 2023.

Energy Recovery reports $20.7M revenue in Q2, eyes growth in water-stressed regions

Energy Recovery's Q2 2023 Earnings Call showcased strong revenue performance, progress in core water business and CO2 technology, while addressing challenges in revenue recognition and project timelines. The company is optimistic about growth opportunities in water-stressed regions and remains focused on meeting financial targets for the year.

Energy Recovery excels in Q3, eyes CO2 market growth

Energy Recovery's Q3 performance reflects strong revenue and strategic progress in the CO2 business under new leadership. While facing challenges related to global shipments and industry dynamics, the company is well-positioned to capitalize on the growing opportunities in the CO2 market. With a focus on cost reduction and revenue targets, Energy Recovery aims to leverage the transition to CO2 refrigeration systems for future growth.

Energy Recovery (ERII) reports record Q4 revenue and growth plans

Energy Recovery (ERII) delivered strong financial performance and outlined growth plans under new leadership.
Challenges include project delays and balancing expenses with revenue growth for sustained profitability.
Opportunities lie in market expansion, product performance, and strategic capital allocation decisions.
Overall, the company is focused on enhancing shareholder value and achieving key milestones for growth.

Energy Recovery meets Q1 revenue, focuses on PX diversification

Energy Recovery's Q1 performance met revenue guidance, with a focus on PX diversification for growth. Losses expected in Q1 and Q2 due to one-time expenses.
The company secured a significant project in Brazil for 2025 and sees opportunities in wastewater and CO2 markets. CFO transition is in progress.
Challenges include managing increased OpEx and addressing future revenue expectations. Positive developments in wastewater and CO2 markets are key strengths.

Energy Recovery posts strong Q2 results, eyes growth opportunities

Energy Recovery's Q2 performance reflects strong margins and revenue guidance.
New CFO appointment and strategic planning shift position the company for growth.
Challenges in managing expenses highlight the need for cost control measures.

Energy Recovery achieves record Q3 revenue, eyes global expansion

Energy Recovery's Q3 performance reflects strong revenue growth, margin improvement, and strategic advancements in key markets. While facing challenges in wastewater revenue, the company's strengths in desalination projects and innovation position it well for future opportunities and sustained growth.

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Energy Recovery, Inc. engages in the design and manufacture of industrial fluid flow solutions. It operates through the Water and Emerging Technologies segment. The Water segment deals with the development, sales, and support of the PX, Turbochargers and pumps used in seawater desalination and industrial wastewater activities. The Emerging Technologies segment is composed of the development of the PX G1300 used in industrial and commercial refrigeration applications. The company was founded in April 1992 and is headquartered in San Leandro, CA.

Energy Recovery, Inc. (NASDAQ: ERII) received an award to supply its Ultra PX energy recovery devices to support industrial wastewater treatment operations at a lithium-ion battery manufacturing facility in China. Financial terms were not disclosed.

Energy Recovery Secures Award To Supply Ultra PX Devices To Battery Manufacturing Facility In China

SAN LEANDRO, CA / ACCESSWIRE / October 14, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) today announced an award to supply its Ultra PX™ energy recovery devices to support industrial wastewater treatment operations at a lithium-ion battery manufacturing facility in China. As the world continues to rely more on intermittent renewable electric generation and to electrify more industries such as transportation, the demand for energy storage technologies is growing in tandem.

Energy Recovery's Ultra PX(TM) to Support Greater Sustainability in Battery Manufacturing

SAN LEANDRO, CA / ACCESSWIRE / September 28, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) tomorrow will host an ESG-focused webinar, "Charting Sustainable Growth with ESG Principles," in which company leaders will review highlights of the company's ESG program and how ESG is linked to driving long-term, sustainable growth for Energy Recovery and its stakeholders. The webinar will take place on Wednesday, September 29 at 9:00 AM ET/1:00 PM UTC.

Energy Recovery Hosts ESG-Focused Webinar with Company Leaders

Ares Management

SAN LEANDRO, CA / ACCESSWIRE / September 20, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) today announced the appointment of Lisa Pollina to its Board of Directors. "Ms. Pollina's deep expertise in banking and capital markets, and her extensive leadership experience in many other forums, will be a tremendous asset as we pursue our strategy of disciplined and diversified growth.

Lisa Pollina Joins Energy Recovery Board of Directors

SAN LEANDRO, CA / ACCESSWIRE / September 14, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the quarterly period ending September 30, 2021, on November 4, 2021 after market close. The Company will also host a conference call to discuss the third quarter financial results and related matters on Thursday, November 4, 2021 at 2:00 PM PT / 5:00 PM ET.

Energy Recovery to Host Third Quarter 2021 Financial Results Conference Call on November 4, 2021

SAN LEANDRO, CA / ACCESSWIRE / September 1, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) today announced the release of its second annual Environmental, Social and Governance (ESG) Report. The report details the company's ongoing efforts to drive industrial sustainability, incorporate sustainability principles throughout its products and practices, and invest in its people to support its growth strategy.

Energy Recovery Publishes Second Annual Environmental, Social and Governance Report; Announces ESG Webinar with Company Leaders

Energy Recovery (ERII) has been struggling lately, but the selling pressure may be coming to an end soon.

Energy Recovery (ERII) Sees Hammer Chart Pattern: Time to Buy?

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Energy Recovery, Inc. (ERII) CEO Bob Mao on Q2 2021 Results - Earnings Call Transcript

Energy Recovery (ERII) delivered earnings and revenue surprises of 300.00% and 4.08%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Energy Recovery (ERII) Q2 Earnings and Revenues Surpass Estimates

SAN LEANDRO, CA / ACCESSWIRE / August 5, 2021 / Energy Recovery, Inc. (Nasdaq: ERII) today announced its financial results for the second quarter ended June 30, 2021, achieving seven percent growth in product revenue, compared to the second quarter of 2020. "Our desalination business continues to thrive, driven in part by returning demand in segments and regions hard-hit by COVID-19," said Robert Mao, Chairman of the Board, President and Chief Executive Officer of Energy Recovery.

Energy Recovery Posts Strong Quarterly Product Revenue Growth in Second Quarter

SAN LEANDRO, CA / ACCESSWIRE / August 3, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) today announced new awards to support the industrial wastewater treatment operations of lithium-ion battery manufacturing, chemical manufacturing and landfill leachate facilities in China. All three facilities will purchase Energy Recovery's Ultra PX™ energy recovery devices (ERD), while the lithium-ion battery facility will also purchase PX® Pressure Exchanger® (PX) ERDs.

Energy Recovery Wins Additional Awards to Boost Sustainability of Chinese Industrial Wastewater Treatment Facilities

Energy Recovery, Inc. (NASDAQ: ERII) has received contract awards totaling over $6 million for its PX Pressure Exchanger (PX) energy recovery devices, and related equipment and services to multiple seawaters reverse osmosis desalination facilities in Asia. Energy Recovery estimates that the PXs supplied to these facilities will prevent more than 126,000 metric tons of carbon dioxide emissions per year.

Energy Recovery Bags Project Awards Worth $6M In Asia

SAN LEANDRO, CA / ACCESSWIRE / July 22, 2021 / Energy Recovery (NASDAQ:ERII) today announced contract awards totaling over $6 million for its PX® Pressure Exchanger® (PX) energy recovery devices and related equipment and services to multiple seawater reverse osmosis (SWRO) desalination facilities in Asia. These orders are currently shipping to customers and are scheduled to be fulfilled by the end of Q3 2021.

Energy Recovery Announces Project Awards in Asia Totaling Over $6 Million

SAN LEANDRO, CA / ACCESSWIRE / June 29, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the quarterly period ending June 30, 2021, on Aug 5, 2021 after market close. The Company will also hold a conference call to discuss the second quarter financial results on Thursday, August 5, 2021 at 2:00 PM PDT / 5:00 PM EDT.

Energy Recovery to Host Second Quarter 2021 Financial Results Conference Call

This desalination stock has a long runway for growth in this era of megadroughts and water scarcity.

Climate Change Stock to Consider Buying: Energy Recovery

SAN LEANDRO, CA / ACCESSWIRE / June 8, 2021 / Energy Recovery (NASDAQ:ERII) today announced contract awards totaling over $13.8 million for its PX® Pressure Exchanger® (PX) energy recovery devices and PX PowerTrain™ system, supporting the construction of the Sorek B Seawater Reverse Osmosis Desalination (SWRO) Plant led by IDE Technologies. The order is expected to ship between Q3 and Q4 of this year.

Energy Recovery Awarded $13.8 Million Contract with Planned Largest SWRO Plant in Israel

SAN LEANDRO, CA / ACCESSWIRE / May 27, 2021 / Energy Recovery (NASDAQ:ERII) today announced that its 2021 Annual Meeting of Stockholders ("Annual Meeting") will take place on Thursday, June 10, 2021, at 10:00 a.m. PDT/1:00 p.m.

Energy Recovery Announces 2021 Annual Meeting of Stockholders

SAN LEANDRO, CA / ACCESSWIRE / May 13, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) today announced its inaugural Environmental, Social and Governance ("ESG") report has been shortlisted for Best 1st Time Sustainability Report by the Corporate Register Reporting Awards (CRRA) along with eight other corporations across the globe. Published in September 2020, the report details Energy Recovery's multi-pronged approach to enhancing sustainability and its ESG performance.

Energy Recovery's Inaugural ESG Report Shortlisted for CRRA's Best 1st Time Sustainability Report

Energy Recovery's new PX-G1300 product for commercial and industrial CO2 refrigeration opens up a whole new market space. Countries around the world are signing up to reduce HFC green house gas emissions from refrigeration units.

Energy Recovery: CO2-Based Refrigeration Opens Up A Whole New Market

Energy Recovery, Inc. (ERII) CEO Bob Mao on Q1 2021 Results - Earnings Call Transcript

SAN LEANDRO, CA / ACCESSWIRE / May 6, 2021 / Energy Recovery, Inc. (Nasdaq:ERII) today announced its financial results for the first quarter ended March 31, 2021. The Company posted record-high quarterly product revenue in its core Water segment with 52% growth compared to the first quarter of 2020.

Energy Recovery Sets Product Revenue Record in the First Quarter

Energy Recovery (ERII) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Energy Recovery (ERII) Earnings Expected to Grow: Should You Buy?

Energy Recovery (ERII) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Energy Recovery (ERII) Surges 14.4%: Is This an Indication of Further Gains?

SAN LEANDRO, CA / ACCESSWIRE / April 15, 2021 / Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the quarterly period ended March 31, 2021, on May 6, 2021 after market close. The Company will also hold a conference call to discuss the first quarter financial results on Thursday, May 6, 2021 at 2:00 PM PDT / 5:00 PM EDT.

News for Energy Recovery Stock (ERII)