ERII
Fallen FavouriteEnergy Recovery, Inc. · Industrials · United States · $341M cap · $6.3M/day traded
$7.17 -2.2% · close 12 Nov · scored 13 Nov
Fallen Favourite: A good business, still expensive, and its momentum is weak.
As of 13 Nov 2026, the MoatMap Score for Energy Recovery, Inc. (ERII) is 31/100, ranked against 25,000+ stocks in 38 markets (Quality 58, Value 30, Momentum 32, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT ENERGY RECOVERY, INC.
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Energy Recovery, Inc. designs and manufactures innovative energy recovery devices and pumps, primarily for seawater desalination and other industrial fluid flow applications. The company's proprietary Pressure Exchanger (PX®) technology is a market leader, providing superior energy efficiency that significantly reduces the operating costs of desalination plants. It operates as a niche industrial technology provider, enabling more sustainable and economical water solutions globally.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 125.6M | 128.3M | 144.9M | 135.0M | 2.4% | 99.8M | 72.8M | 104.9M | -11.8% |
| EPS | 0.43 | 0.38 | 0.40 | 0.43 | 0.0% | 0.07 | — | — | — |
| Shares | 56.1M | 56.9M | 54.8M | 52.8M | -5.8% | 50.8M | — | — | — |
| Debt | 14.9M | 13.3M | 11.3M | 9.4M | -14.1% | 8.5M | — | — | — |
| Equity | 185.3M | 219.8M | 210.0M | 206.2M | 3.6% | — | — | — | — |
| Op CF | 12.6M | 26.1M | 20.5M | 18.8M | 14.1% | 35.2M | — | — | — |
| Inv CF | -6.9M | -19.1M | -15.7M | 34.0M | — | — | — | — | — |
| Fin CF | -23.7M | 4.8M | -43.3M | -34.5M | — | — | — | — | — |
Made a new 52-week low 5 trading days ago, 56% below its 52-week high. The fall has not stopped yet.
Swung more than 69% of stocks we rank over the past year (volatility 55% a year).
How this is worked out
The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.
- Still falling (this stock): It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor: It fell hard, but has set no new low for more than two weeks.
- Turning up: It has climbed off its low and is back above a rising 50-day average.
- In an uptrend: It is near its 52-week high and above its 200-day average.
- No clear trend: None of the above: no recent deep fall and no steady climb.
- No read yet: Not enough price history yet: it needs a year of trading.
In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.
The exact rules
Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of ERII are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| ERII | Energy Recovery, Inc.(you) | $341M | 31 |
| CDZI | Cadiz Inc. | $367M | 0 |
| ARQ | Arq, Inc. | $76M | 26 |
| FTEK | Fuel Tech, Inc. | $52M | 31 |
| PCT | PureCycle Technologies, Inc. | $557M | 1 |
| FLC.AX | Fluence Corporation Limited | $58M | 19 |
| CECO | CECO Environmental Corp. | $2.9B | 22 |
| BCHT | Birchtech Corp. | $53M | 10 |
| ZONE | Zone Frontier Inc. | $73M | 3 |
| SCWO | 374Water Inc. | $54M | 5 |
Peer medians: ROE 9.0% · P/E 24.9x · Gross margin 29.3%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.