B. Riley downgraded Energy Recovery (ERII) to Neutral from Buy with a price target of $12.50, down from $20. The company posted a Q1 miss and lowered 2025 revenue guidance amid a pause in its Wastewater outlook as tariffs impact China sales, the analyst tells investors in a research note. Riley cut EBITDA estimates post the earnings report, driving its downgrade to Neutral.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ERII: