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Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Energy Recovery (NASDAQ:ERII) and the best and worst performers in the water infrastructure industry.
MIAMI BEACH, FL, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Cuentas, Inc. (OTCQB: CUEN) today announced a strategic Power-as-a-Service (PaaS) and Colocation Services Agreement with Power Upp USA, Inc.
Energy Recovery is under closer scrutiny after its assessed fair value moved from US$9.33 to US$8.00, a cut of about 14.3% in the price target.
Energy Recovery’s second quarter reflected ongoing challenges as the company’s revenue fell short of Wall Street expectations, largely due to delayed megaproject orders in the Middle East and a continued impact from geopolitical tensions.
Geopolitical conflict in Middle East drives 57% revenue decline amid megaproject delays.
Energy recovery device manufacturer Energy Recovery (NASDAQ:ERII) fell short of the market’s revenue expectations in Q2 CY2026, with sales falling 57.2% year on year to $12 million.
Conestoga Capital Advisors, an asset management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here.
Despite Middle East project delays and soft wastewater results, Energy Recovery Inc (ERII) maintains disciplined cost management and advances its Saudi Arabia facility and PXQ650 product launch.
Energy Recovery (NASDAQ:ERII) said it remains focused on executing its growth initiatives, managing costs and advancing its manufacturing footprint while geopolitical uncertainty continues to delay the timing of major desalination projects in the Middle East.