Energy Recovery stock gained 3.73 percent before November 4 results
Published on 10/07/2026 at 06:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Energy Recovery stock (ISIN US29270J1007) gained 3.73 percent to USD 7.09 on Nasdaq on October 6, 2026, at 2:53 p.m. ET. The move came as the company set November 4, 2026, for its third-quarter results and conference call, according to Energy Recovery on October 6, 2026.
Q2 revenue fell 57 percent
Energy Recovery reported USD 12.0 million in Q2 2026 revenue, a 57 percent year-over-year decline, according to The Globe and Mail in its August 5, 2026, earnings-call transcript. The quarter ended June 30, 2026, with a USD 3.2 million net loss and a GAAP diluted loss of USD 0.06 per share.
The revenue result missed the USD 18.36 million consensus estimate by USD 6.36 million, while the per-share loss exceeded the USD 0.02 expected loss by USD 0.04. Desalination revenue fell to USD 11.5 million from USD 25.5 million in the prior-year quarter, making project timing the key operating issue.
Analysts keep targets above the stock
MarketBeat reports a Reduce consensus from four analysts, with one Sell rating and three Hold ratings. Its average 12-month price target is USD 11.67, which places the target 64.6 percent above the USD 7.09 price on October 6, 2026.
The analyst picture reflects the Q2 shortfall. B. Riley Financial cut its price objective from USD 10.00 to USD 8.00 on August 6, 2026, while Seaport Research Partners downgraded Energy Recovery from Buy to Neutral on September 14, 2026, according to MarketBeat. The same report lists the stock's 52-week range at USD 6.89 to USD 18.32 on September 22, 2026.
November 4 is the next test
Energy Recovery's next report covers the quarter ending September 30, 2026. The company plans to publish results after the market close on November 4, 2026, followed by a call at 5:00 p.m. ET, giving investors a scheduled checkpoint on project execution and demand.
The Q2 call described a megaproject backlog of USD 27 million and said the pipeline offered visibility extending five years, but management also linked delays to financing, procurement and logistics conditions. That contrast leaves the November release important: backlog conversion, rather than backlog size alone, will determine whether revenue begins to recover.
Energy Recovery stock stays below its yearly high
Energy Recovery was trading at USD 7.09 on Nasdaq on October 6, 2026, with a session low of USD 6.87 and high of USD 7.15. Its market capitalization was USD 365.2 million, while the 52-week range was USD 6.60 to USD 18.32.
Energy Recovery stock facts
- Company: Energy Recovery, Inc.
- ISIN: US29270J1007
- Ticker: ERII
- Trading venue: Nasdaq
- Price (as of October 6, 2026, 2:53 p.m. ET): USD 7.09
- Market capitalization: USD 365.2 million (as of October 6, 2026)
- 52-week range: USD 6.60-18.32 (as of October 6, 2026)
- Sector / Industry: Industrials / Industrial - Pollution and Treatment Controls
Upcoming dates for Energy Recovery stock
- November 4, 2026: Q3 2026 financial results and conference call
