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Investing.com - Freedom Broker raised its price target on Energy Recovery (NASDAQ:ERII) to $20.00 from $19.00 while maintaining a Buy rating on the stock. The company, which currently trades at $14.11, has demonstrated impressive financial health with a "GREAT" rating according to InvestingPro metrics.
The research firm cited Energy Recovery’s reaffirmation of its full-year 2025 guidance and the company’s expressed confidence in sustained growth across its core Water and Wastewater segments. The company’s strong market position is supported by robust gross profit margins of ~67% and excellent liquidity, with current assets significantly exceeding short-term obligations.
Freedom Broker noted that Energy Recovery’s growth outlook is supported by a strong project backlog and improving cost structure, factors that contributed to the price target increase.
Energy Recovery reported its financial results for the second quarter of 2025 on August 6, after market close.
The company’s Water and Wastewater segments remain key focus areas for investors, with Freedom Broker continuing to view the stock favorably as reflected in its maintained Buy recommendation.
In other recent news, Energy Recovery Inc. reported its second-quarter 2025 earnings, exceeding analyst expectations. The company posted an earnings per share of $0.07, which was a notable improvement over the anticipated loss of $0.01. Additionally, Energy Recovery surpassed revenue forecasts, further emphasizing its strong performance. Despite these positive results, the company’s stock showed a slight decline of 0.07% in after-hours trading. Energy Recovery also maintained its guidance for 2025, indicating confidence in its strategic plans. These recent developments highlight the company’s ability to outperform market predictions.
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