StreetInsider.com News Articles

Energy Recovery wins Saudi Arabia desalination contract for PX Q650

Thu, 08 Oct 2026 08:01:15 -0400

Energy Recovery (Nasdaq: ERII) has secured a contract to supply its PX Q650 pressure exchanger devices to a seawater reverse osmosis desalination plant in Saudi Arabia, according to a company statement. The plant is described as being among the top 10 largest in the world upon completion.

The PX Q650, released in March 2026, is the highest-capacity device in Energy Recovery's PX Pressure Exchanger line. The company says the device features a single moving part and a 30-year design life. The Saudi Arabia order follows earlier PX Q650 contracts at desalination sites in Asia and the Middle East.

Energy Recovery's PX devices

Energy Recovery Secures Contract to Supply New PX Q650 Energy Recovery Device to Major Saudi Arabia Desalination Plant

Thu, 08 Oct 2026 08:00:00 -0400

PX Q650 devices will deliver industry-leading energy efficiency to a major new seawater desalination plant in Saudi Arabia
This order follows PX Q650 contracts secured earlier this year at multiple desalination sites, marking rapid adoption of Energy Recovery's newest energy recovery device
The PX Q650 is built to have the highest availability and lowest operating costs of any device in its class

SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery (Nasdaq: ERII), a global leader in energy-efficient technology enabling affordable, reliable water and reduced emissions, today announced a new contract to supply PX Q650 devices, the newest and highest-capacity device in

Energy Recovery Secures Contract to Supply New PX Q650 Energy Recovery Device to Major Saudi Arabia Desalination Plant

Thu, 08 Oct 2026 08:00:00 -0400

PX Q650 devices will deliver industry-leading energy efficiency to a major new seawater desalination plant in Saudi Arabia
This order follows PX Q650 contracts secured earlier this year at multiple desalination sites, marking rapid adoption of Energy Recovery's newest energy recovery device
The PX Q650 is built to have the highest availability and lowest operating costs of any device in its class

Energy Recovery to Release Third Quarter 2026 Financial Results

Tue, 06 Oct 2026 07:00:00 -0400

SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery, Inc. (NASDAQ: ERII or the Company) announced today it will release its financial results for the quarter ending September 30, 2026. The Company will host a conference call to discuss the results and related matters on November 4, 2026, after market close.

EARNINGS RELEASE
Wednesday, November 4, 2026 (after market close)

LIVE CONFERENCE CALL
Wednesday, November 4, 2026, 2 p.m. PT / 5 p.m. ET
Listen-only, US / Canada Toll-Free: +1 (877) 709-8150
Listen-only, Local / International: +1 (201) 689-8354

CONFERENCE CALL REPLAY
Expiration: December 4, 2026
US / Canada

Energy Recovery to Release Third Quarter 2026 Financial Results

Tue, 06 Oct 2026 07:00:00 -0400

EARNINGS RELEASE
Wednesday, November 4, 2026 (after market close)

LIVE CONFERENCE CALL
Wednesday, November 4, 2026, 2 p.m. PT / 5 p.m. ET
Listen-only, US / Canada Toll-Free: +1 (877) 709-8150
Listen-only, Local / International: +1 (201) 689-8354

CONFERENCE CALL REPLAY
Expiration: December 4, 2026
US / Canada

Seaport Global Securities Downgrades Energy Recovery (ERII) to Neutral

Mon, 14 Sep 2026 07:45:00 -0400

(Updated - September 14, 2026 7:45 AM EDT)

Seaport Global Securities analyst Jeff Campbell downgraded Energy Recovery (NASDAQ: ERII) from Buy to Neutral.

The analyst comments "Energy Recovery (ERII) reported 2Q26 financial results on 8/5/26. The quarter was significantly impacted by conflicts in the Middle East, which caused megaproject financing, procurement, and execution timelines to stall. Management has withdrawn desalination guidance, reflecting the company’s significant exposure to a Middle East market that continues to be in turmoil. ERII’s wastewater business continues to post weak results. It may be turning a corner, but its TAM remains uncertain, in our view. We reduce our

Seaport Global Securities Downgrades Energy Recovery (ERII) to Neutral

Mon, 14 Sep 2026 07:45:00 -0400

(Updated - September 14, 2026 7:45 AM EDT)

Seaport Global Securities analyst Jeff Campbell downgraded Energy Recovery (NASDAQ: ERII) from Buy to Neutral.

Form S-8 Energy Recovery, Inc.

Mon, 17 Aug 2026 17:29:00 -0400

si-local-file:///var/storage/secattach/20260817/26939015.html

Form S-8 Energy Recovery, Inc.

Mon, 17 Aug 2026 17:29:00 -0400

si-local-file:///var/storage/secattach/20260817/26939015.html

Form SCHEDULE 13G/A Energy Recovery, Inc. Filed by: AMERIPRISE FINANCIAL INC

Fri, 14 Aug 2026 11:28:00 -0400

si-local-file:///var/storage/secattach/20260814/26927242.html

Form SCHEDULE 13G/A Energy Recovery, Inc. Filed by: AMERIPRISE FINANCIAL INC

Fri, 14 Aug 2026 11:28:00 -0400

si-local-file:///var/storage/secattach/20260814/26927242.html

Energy Recovery (ERII) PT Lowered to $8 at B.Riley

Thu, 06 Aug 2026 05:27:07 -0400

B.Riley analyst Ryan Pfingst lowered the price target on Energy Recovery (NASDAQ: ERII) to $8.00 (from $10.00) while maintaining a Buy rating.

The analyst comments "Energy Recovery (ERII — Neutral, PT from $10 to $8) reported 2Q revenue of $12.0M, below our estimate of $16.9M and the Street’s $18.4M. Adjusted EBITDA in 2Q of ($2.6M) just missed our ($2.0M) and was below consensus of ($1.0M). Revenue remains below original expectations due to the impact of the Iran conflict, with financial guidance remaining withdrawn. Management expects many megaprojects slated for 2026 to be delayed, with some delays now formalized and communicated. The

Energy Recovery (ERII) PT Lowered to $8 at B.Riley

Thu, 06 Aug 2026 05:27:07 -0400

B.Riley analyst Ryan Pfingst lowered the price target on Energy Recovery (NASDAQ: ERII) to $8.00 (from $10.00) while maintaining a Buy rating.

Energy Recovery (ERII) Misses Q2 EPS by 2c

Wed, 05 Aug 2026 16:47:24 -0400

Energy Recovery (NASDAQ: ERII) reported Q2 EPS of ($0.03), $0.02 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $11.99 million versus the consensus estimate of $19.97 million.

For earnings history and earnings-related data on Energy Recovery (ERII) click here.

Form 10-Q Energy Recovery, Inc. For: Jun 30

Wed, 05 Aug 2026 16:09:00 -0400

si-local-file:///var/storage/secattach/20260805/26874218.html

Form 10-Q Energy Recovery, Inc. For: Jun 30

Wed, 05 Aug 2026 16:09:00 -0400

si-local-file:///var/storage/secattach/20260805/26874218.html

Form 8-K Energy Recovery, Inc. For: Aug 05

Wed, 05 Aug 2026 16:07:00 -0400

si-local-file:///var/storage/secattach/20260805/26874067.html

Form 8-K Energy Recovery, Inc. For: Aug 05

Wed, 05 Aug 2026 16:07:00 -0400

si-local-file:///var/storage/secattach/20260805/26874067.html

Energy Recovery Reports its Second Quarter 2026 Financial Results

Wed, 05 Aug 2026 16:05:00 -0400

SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery”, “Company”, “we”, and “our”) today announced its financial results for the second quarter and six months ended June 30, 2026. Management has released a letter to shareholders reviewing business and financial updates from the second quarter and discussing our outlook for 2026. This letter is located under “News and Events” in the “Investors” section on the Energy Recovery website (https://ir.energyrecovery.com/news-events/shareholder-letters).

Second Quarter Highlights

Revenue of $12.0 million, a decrease of $16.1 million, as compared to Q2’2025.
Gross margin of 74.7%, as compared to gross margin

Energy Recovery Reports its Second Quarter 2026 Financial Results

Wed, 05 Aug 2026 16:05:00 -0400

Second Quarter Highlights

Revenue of $12.0 million, a decrease of $16.1 million, as compared to Q2’2025.
Gross margin of 74.7%, as compared to gross margin

Energy Recovery Reports its Second Quarter 2026 Financial Results

Wed, 05 Aug 2026 16:05:00 -0400

Second Quarter Highlights

Revenue of $12.0 million, a decrease of $16.1 million, as compared to Q2’2025.
Gross margin of 74.7%, as compared to gross margin

Energy Recovery Reports its Second Quarter 2026 Financial Results

Wed, 05 Aug 2026 16:05:00 -0400

Second Quarter Highlights

Revenue of $12.0 million, a decrease of $16.1 million, as compared to Q2’2025.
Gross margin of 74.7%, as compared to gross margin

Form 4 Energy Recovery, Inc. For: Jul 27 Filed by: Clemente Rodney

Wed, 29 Jul 2026 20:00:00 -0400

si-local-file:///var/storage/secattach/20260729/26836862.html

Form 4 Energy Recovery, Inc. For: Jul 27 Filed by: Clemente Rodney

Wed, 29 Jul 2026 20:00:00 -0400

si-local-file:///var/storage/secattach/20260729/26836862.html

Form 4 Energy Recovery, Inc. For: Jul 27 Filed by: Yeung William

Wed, 29 Jul 2026 19:59:00 -0400

si-local-file:///var/storage/secattach/20260729/26836856.html