On 11/2/23, Energy Recovery Inc (NASDAQ: ERII) stock enjoyed a major increase of 22.9%, closing at $17.71. The stock has risen 15.2% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ERII is expected to continue to be a Value Builder.
Energy Recovery has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Energy Recovery has a very low Appreciation Score of 14 but a slightly positive Power Rating of 61, producing the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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