Energy Recovery secures Saudi contract and Energy Recovery stock trades at EUR 5.92

Published on 10/20/2026 at 20:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Saudi plant ranks among the world's 10 largest. Energy Recovery stock costs EUR 5.92 at Lang & Schwarz on October 20, 2026 at 8:17 p.m. CEST.

Saudi contract and product reach

Energy Recovery announced a Saudi desalination contract on October 8, 2026 for a plant expected to rank among the world's 10 largest.
The PX Q650 has a 30-year design life and is designed to reduce energy use in desalination.
Energy Recovery stock costs EUR 5.92 at Lang & Schwarz on October 20, 2026 at 8:17 p.m. CEST.
Third-quarter 2026 results are scheduled for November 4, 2026, after market close.

ERII, US29270J1007, Illustration mit AI erstellt.

Energy Recovery secured a contract for PX Q650 devices at a major Saudi desalination plant on October 8, 2026, according to Energy Recovery. The plant is expected to rank among the 10 largest seawater reverse osmosis facilities in the world. Energy Recovery stock was at EUR 5.92 at Lang & Schwarz on October 20, 2026 at 8:17 p.m. CEST.

PX Q650 targets large plants

The contract centers on the PX Q650, the highest-capacity device in Energy Recovery's Pressure Exchanger line. The company said on October 8, 2026 that the device has a single moving part and a 30-year design life, positioning the product around long operating cycles rather than a short equipment replacement cycle.

Energy Recovery also said its PX technology has reduced seawater desalination energy use by up to 60 percent across three decades. The installed technology supports the daily cleaning of 48.5 million cubic meters of water, while the company estimates annual customer energy savings at USD 8.00 billion, according to Energy Recovery.

Nasdaq value and upcoming results

Energy Recovery's primary listing is Nasdaq under ticker ERII. The stock was last quoted at USD 6.66 on October 20, 2026 at 2:23 p.m. ET, while market capitalization stood at USD 340.0 million in the same market snapshot, according to StockTitan.

The investor-relations page identifies the latest interim report as the second quarter of 2026, ended June 30, 2026, and lists fiscal-year 2025 product revenue of USD 135.0 million as of December 31, 2025. The next scheduled report covers the third quarter ending September 30, 2026 and is due on November 4, 2026, after market close, according to Energy Recovery.

Saudi demand meets earnings timing

The Saudi order gives the newest PX product a concrete reference project before the November reporting date. For investors, the key distinction is between product adoption and near-term revenue recognition because the announcement did not disclose a contract value or delivery schedule.

Stock holds at EUR 5.92

Energy Recovery stock stood at EUR 5.92 at Lang & Schwarz on October 20, 2026 at 8:17 p.m. CEST. The next course of trading is shown by the continuously updated real-time quote of Energy Recovery stock.