Energy Recovery Awarded More Than $12 Million in Desalination Contracts in the United Arab Emirates
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
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Source: Business Wire
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery (NASDAQ: ERII) today announced contract awards totaling over $12 million for its PX® Pressure Exchanger® (PX) energy recovery devices for three seawater reverse osmosis (SWRO) desalination projects in the United Arab Emirates. The plants include capacity totaling close to 1 million cubic meters per day, and the orders are expected to ship by Q4 2024. These contracts have previously been reported in the company’s financial guidance.One of the recently awarded contracts will include PX installations on a floating desalination barge in the Arabian Gulf, which will produce fresh water offshore before pumping it back to the mainland. Offshore desalination facilities eliminate the need for swaths of coastal land, which is often limited and expensive, making it a viable option for densely populated coastal regions. The contracts in the United Arab Emirates will incorporate both the PX Q400 and PX Q300 models, which offer operational s
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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 Announces Share Repurchase ProgramBusiness Wire
- 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
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