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Stock impact report

Energy Recovery To Profit From Thermal Desalination To Salt Water Reverse Osmosis Conversions [Seeking Alpha]

Energy Recovery, Inc. (ERII) 
Last energy recovery, inc. earnings: 4/30 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.energyrecovery.com
Company Research Source: Seeking Alpha
Summary Energy Recovery Inc. recently announced $16.6 million in new contract wins - including its first contract to support conversion of a large-scale thermal desalination facility to SWRO. The company's water segment business continues to perform very well with strong gross margins. However, significant investment in the Vor-Teq commercialization for the oil and gas market has yet to translate into corresponding revenue growth. Perhaps yet another change at the top will turn the long-standing Vor-Teq pipe-dream into reality. If so, I will regret selling my shares. Meantime, the proceeds from my sale have yielded much higher returns in a plain vanilla S&P 500 index fund. Despite the promise of its emerging Vor-Teq product for the oil and gas fracking market (which so far has been mostly promises....), as I predicted in my previous articles on ERII In aggregate, year-to-date ERII has announced $62 million in new contract awards. That may not sound like much to those investors not fam Show less Read more
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