Energy Recovery Announces Share Repurchase Program
Energy Recovery, Inc. (ERII)
Last energy recovery, inc. earnings: 4/30 04:02 pm
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US:NASDAQ Investor Relations:
ir.energyrecovery.com
Company Research
Source: Business Wire
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII) today announced that its Board of Directors approved a share repurchase program to purchase up to $50 million of the company's outstanding common stock over the next 12 months, beginning in November 2024.“With our strategic plan, or Playbook, complete we now have a clear picture of the capital required to fund our growth,” said Energy Recovery's President and CEO David Moon. “As such, we are happy to return a large portion of our cash to shareholders. We are in the fortunate position of being able to provide our shareholders with both strong business growth, as well as generous capital return.”Under the newly authorized repurchase program, purchases of shares of common stock may be made from time to time through open market trades, block trades and/or privately negotiated transactions, in compliance with applicable state and federal securities laws. The timing and amounts of any purchases will be at managem
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News
- Energy Recovery, Inc. (NASDAQ: ERII) had its price target lowered by analysts at Evercore ISI from $23.00 to $20.00. They now have an "outperform" rating on the stock.MarketBeat
- Energy Recovery, Inc. (NASDAQ: ERII) had its price target lowered by analysts at B. Riley from $22.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- Energy Recovery Announces Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Energy Recovery, Inc.'s (NASDAQ:ERII) recent 5.9% pullback adds to one-year year losses, institutional owners may take drastic measures [Yahoo! Finance]Yahoo! Finance
- Energy Recovery, Inc. (NASDAQ: ERII) was downgraded by analysts at Fearnley Fonds from a "strong-buy" rating to a "hold" rating.MarketBeat
ERII
Earnings
- 10/30/24 - Beat
ERII
Analyst Actions
- 11/19/24 - Evercore ISI Group
ERII
Sec Filings
- 11/20/24 - Form 8-K
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- ERII's page on the SEC website