Energy Recovery is trading 5% down now at $7.18 after Seaport Global Securities downgraded the stock from Buy to Neutral on September 14, 2026, citing Middle East conflicts disrupting operations.
- The firm highlighted stalled desalination megaproject financing, procurement, and execution timelines, along with withdrawn desalination guidance.
- It cited uncertainty surrounding the company’s forward plan and CEO transition; broader market weakness may add pressure, with major indexes also lower.