New insider activity at Energy Recovery ( (ERII) ) has taken place on March 14, 2025.
Director Arve Hanstveit has recently sold 50,000 shares of Energy Recovery stock, amounting to a total transaction value of $816,500.
Recent Updates on ERII stock
Energy Recovery’s recent developments highlight a positive outlook following their Q4 earnings call, which reported strong quarterly performance and strategic growth initiatives. The company announced significant improvements in manufacturing efficiency, expected to enhance gross margins by 2025, and expansion into international markets, particularly Japan and South Africa, driven by interest in their PXG product. An additional $30 million share buyback program reflects confidence in their financial position and commitment to shareholder value. Despite concerns about potential tariff impacts on their wastewater business in China, the overall sentiment remains optimistic with stable desalination revenue expected from the Middle East and North Africa. Furthermore, the appointment of Dr. Ram Ramanan as the new Chief Technology Officer and David Kim-Hak as Vice President of Wastewater underscores their focus on technical and operational excellence, positioning the company for sustained growth.
More about Energy Recovery
YTD Price Performance: 9.07%
Average Trading Volume: 322,528
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $909M