Pamela L. Tondreau, a director at Energy Recovery, Inc. (NASDAQ:ERII), acquired 20,000 shares of the company’s common stock on May 13, 2026. The transaction totaled $166,840, with shares purchased at prices ranging from $8.335 to $8.35 per share. The weighted average purchase price was $8.342 per share.
The acquisition was made indirectly through The Bruce-Tondreau Living Trust Dtd October 11, 2018, of which Ms. Tondreau and her spouse are beneficiaries. The purchase comes as Energy Recovery trades near its 52-week low of $8.13, with shares down 41% over the past six months. According to Bond.az analysis, the stock appears significantly undervalued at current levels, landing it on the platform’s most undervalued stocks list. Following this transaction, the trust holds 37,362 shares of Energy Recovery common stock. This total reflects the 20,000 shares purchased on May 13, 2026, as well as 17,362 shares transferred to the trust in January 2026. Ms. Tondreau also directly holds 38,528 shares of common stock.
In other recent news, Energy Recovery reported its first-quarter 2026 earnings, surpassing market expectations. The company achieved an earnings per share (EPS) of -$0.11, which was better than the forecasted -$0.13. Revenue also exceeded predictions, reaching $9.7 million compared to the expected $8.3 million. This revenue growth was driven by a 20% increase in OEM sales, although aftermarket revenue saw a decline of 32%. Despite these positive results, Freedom Broker downgraded Energy Recovery from Buy to Hold on May 11, 2026, due to margin pressure concerns. The brokerage also reduced its price target for the company from $13.00 to $11.00. These developments highlight the mixed financial performance and external challenges facing Energy Recovery.
