Energy Recovery, Inc. (ERII)

Energy Recovery Stock Forecast

Stock Price Forecast

The 3 analysts that cover Energy Recovery stock have a consensus rating of "Buy" and an average price target of $18.33, which forecasts a 28.81% increase in the stock price over the next year. The lowest target is $14 and the highest is $22.

Price Target: $18.33 (+28.81%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$14	$18.33	$19	$22
Change	-1.62%	+28.81%	+33.52%	+54.60%

* Price targets were last updated on Sep 16, 2025.

Analyst Ratings

The average analyst rating for Energy Recovery stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25
Strong Buy	2	2	1	1	1	1
Buy	1	1	1	2	2	1
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	3	4	4	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Larry Solow CJS Securities	CJS Securities	Buy Initiates $19	Buy	Initiates	$19	+33.52%	Sep 16, 2025
Ryan Pfingst B. Riley Securities	B. Riley Securities	Hold Maintains $13 → $14	Hold	Maintains	$13 → $14	-1.62%	Aug 7, 2025
Ryan Pfingst B. Riley Securities	B. Riley Securities	Strong Buy → Hold Downgrades $20 → $13	Strong Buy → Hold	Downgrades	$20 → $13	-12.16%	May 8, 2025
Jeff Campbell Seaport Global	Seaport Global	Strong Buy Initiates $22	Strong Buy	Initiates	$22	+54.60%	Dec 5, 2024
Jeff Campbell Scotiabank	Scotiabank	Strong Buy Initiates $22	Strong Buy	Initiates	$22	+54.60%	Dec 5, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

153.55M

Increased by 5.93%

from 144.95M

Revenue Next Year

167.33M

Increased by 8.97%

from 153.55M

EPS This Year

0.73

Increased by 81.90%

from 0.40

EPS Next Year

0.89

Increased by 21.96%

from 0.73

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	118.99M	103.90M	125.59M	128.35M	144.95M	153.55M	167.33M
Revenue Growth	36.86%	-12.68%	20.87%	2.20%	12.93%	5.93%	8.97%
EPS	0.47	0.24	0.42	0.37	0.40	0.73	0.89
EPS Growth	147.37%	-48.94%	75.00%	-11.91%	8.11%	81.90%	21.96%
Forward PE	-	-	-	-	-	19.56	16.04
No. Analysts	-	-	-	-	-	7	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	158.8M	174.3M
Avg	153.6M	167.3M
Low	146.8M	158.0M

Revenue Growth

Revenue Growth	2025	2026	2027
High	9.6%	13.5%
Avg	5.9%	9.0%
Low	1.3%	2.9%

EPS Forecast

EPS	2025	2026	2027
High	0.81	0.92
Avg	0.73	0.89
Low	0.66	0.84

EPS Growth

EPS Growth	2025	2026	2027
High	102.1%	27.0%
Avg	81.9%	22.0%
Low	64.2%	15.8%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.