Energy Recovery is trading at $6.71, down 5.65%, as of 10:23 a.m. EST on November 5, 2026, after weak third-quarter results.
- Revenue was $11.2 million, down 65% year over year; the company posted a $0.12 diluted loss per share.
- Megaproject revenue fell 95% amid Middle East conflict disruptions.
- B. Riley cut its price target to $7 from $8, maintaining a Neutral rating. Management described a stronger project pipeline, but shipment timing remains uncertain.