Energy Recovery (ERII) delivered earnings and revenue surprises of 27.27% and 3.20%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Gainers Abri SPAC I, Inc. (NASDAQ: ASPA) shares climbed 127.1% to $28.39. Abri's stockholders approved its proposed business combination with DLQ. Nuvve Holding Corp. (NASDAQ: NVVE) shares climbed 88% to $0.2789 after falling 10% on Tuesday. Nuvve recently announced pricing of a $1 million underwritten public offering of roughly 7 million shares of common stock at a price to the public of $0.14 per share. BIO-key International, Inc. (NASDAQ: BKYI) surged 57% to $0.30. BIO-key International reported results for its third quarter ended Sept. 30, 2023. ReShape Lifesciences Inc. (NASDAQ: RSLS) gained 44.7% to $0.2976 after gaining over 6% on Tuesday. ReShape Lifesciences recently announced pricing of $3.0 million public offering. BioXcel Therapeutics, Inc. (NASDAQ: BTAI) shares climbed 37.6% to $3.2199 after announcing positive findings from an independent third party audit of the data integrity at TRANQUILITY II Phase 3 trial site. ParaZero Technologies Ltd. (NASDAQ: PRZO) gained 26% to $2.0350. Catalyst Biosciences, Inc. (NASDAQ: CBIO) climbed 18% to $0.5095. Scholar Rock Holding Corporation (NASDAQ: SRRK) gained 16.5% to $8.92. Jefferies upgraded Scholar Rock from Hold to Buy and announced a $20 price target. Stride, Inc. (NYSE: LRN) rose 16.4% to $51.81 after the company reported first-quarter results. OncoCyte Corporation (NASDAQ: OCX) gained 14.4% to $2.86. Urgent.ly Inc. (NASDAQ: ULY) surged 14% to $5.01. GameSquare Holdings, Inc. (NASDAQ: GAME) gained 13.1% to $2.07. Treasure Global Inc. (NASDAQ: TGL) rose 12.8% to $0.4501. PROG Holdings, Inc. (NYSE: PRG) rose 9.3% to $31.14 following upbeat quarterly results. LumiraDx Limited (NASDAQ: LMDX) gained 8.4% to $0.1680 after dipping around 44% on Tuesday. John Bean Technologies Corporation (NYSE: JBT) surged 8.1% to $104.00 after posting strong quarterly earnings. Sonendo, Inc. (NYSE: SONX) shares gained 8% to $0.2483 after falling over 23% on Tuesday. Sonendo recently announced preliminary revenue results for the third quarter. Crown ElectroKinetics Corp. (NASDAQ: CRKN) climbed 8% to $0.2700. Deutsche Bank Aktiengesellschaft (NYSE: DB) rose 6.6% to $10.72 after the company reported a year-over-year increase in third-quarter EPS and sales results. Deutsche Bank Aktiengesellschaft (NYSE: DB) gained 6.6% to $10.72 after the company reported a year-over-year increase in third-quarter EPS and sales results. The Gap, Inc. (NYSE: GPS) climbed 6.2% ...

Gainers Bluejay Diagnostics, Inc. (NASDAQ: BJDX) shares jumped 75% to $9.60. Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) gained 60.2% to $2.13. Adamis Pharmaceuticals shares declined around 67% on Wednesday after the company reported pricing of $8 million public offering of 5.93 million units at a price of $1.35 per unit. Traeger, Inc. (NYSE: COOK) shares climbed 43.2% to $5.90 after the company posted upbeat quarterly results. T2 Biosystems, Inc. (NASDAQ: TTOO) surged 37% to $0.3324 after gaining 54% on Wednesday. T2 Biosystems recently announced it received an extension to comply with the Nasdaq listing requirements. FOXO Technologies Inc. (NYSE: FOXO) gained 37.7% to $0.20. TC Biopharm (Holdings) Plc (NASDAQ: TCBP) surged 35% to $0.92. Upwork Inc. (NASDAQ: UPWK) shares rose 33.2% to $13.27 after the company posted upbeat second-quarter results and raised full-year guidance. Vital Farms, Inc. (NASDAQ: VITL) gained 31.7% to $13.88 following strong quarterly results. Remitly Global, Inc. (NASDAQ: RELY) jumped 29% to $23.57 following better-than-expected quarterly results. DIRTT Environmental Solutions Ltd. (NASDAQ: DRTT) surged 26.4% to $0.4525 following strong quarterly results. DIRTT Environmental Solutions appointed Fareeha Khan to the position of CFO. Motorsport Games Inc. (NASDAQ: MSGM) surged 24.7% to $5.49. Prestige Wealth Inc. (NASDAQ: PWM) climbed 23% to $13.11. Inseego Corp. (NASDAQ: INSG) gained 21.9% to $0.8993 following upbeat quarterly results. EVgo, Inc. (NASDAQ: EVGO) shares gained 20.6% to $5.11 after the company reported better-than-expected second-quarter results and announced leadership succession plan. Hudson Technologies, Inc. (NASDAQ: HDSN) surged 20.6% to $10.41 following strong quarterly earnings. Via Renewables, Inc. (NASDAQ: VIA) gained 20% to $9.15 after posting an increase in quarterly EPS. Rush Street Interactive, Inc. (NYSE: RSI) jumped 19.3% to $4.4250 after posting upbeat quarterly results. FARO Technologies, Inc. (NASDAQ: FARO) surged 19.1% to $19.00 following upbeat second-quarter results. Digimarc Corporation (NASDAQ: DMRC) rose 18.5% to $34.75 after posting upbeat quarterly results. Sabre Corporation (NASDAQ: SABR) surged 18.8% to $4.3850 following strong quarterly results. Coherus BioSciences, Inc. (NASDAQ: CHRS) gained 17% to $5.08 after posting upbeat second-quarter results. Fastly, Inc. (NYSE: FSLY) rose 16.7% to $19.21 following strong second-quarter results. Wayfair Inc. (NYSE: W) gained 16.3% to $84.80. Wayfair reported a second-quarter FY23 sales decline of 3.4% year-on-year to $3.17 billion, beating the consensus of $3.10 billion. Kontoor Brands, Inc. (NYSE: KTB) surged 16% to $47.11 following a second-quarter EPS beat. Central Garden & Pet Company (NASDAQ: CENT) gained 15.6% to $46.50 following ...

Energy Recovery (ERII) delivered earnings and revenue surprises of -100% and 15.47%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?

Amid strict government regulations to curb pollution, strong demand for pollution abatement products favors the Zacks Pollution Control industry's near-term prospects. TTEK, ERII and FTEK are set to capitalize on the buoyancy.

Energy Recovery (ERII) delivered earnings and revenue surprises of 33.33% and 10.94%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?

Does Energy Recovery (ERII) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here is how Desktop Metal, Inc. (DM) and Energy Recovery (ERII) have performed compared to their sector so far this year.

TT, HSIC, SONY, LYV and ERII have been added to the Zacks Rank #1 (Strong Buy) List on February 23, 2023

TT, HSIC, SONY, LYV and ERII have been added to the Zacks Rank #1 (Strong Buy) List on February 23, 2023.

Tetra Tech, Energy Recovery and Vertex Energy have been highlighted in this Industry Outlook article.