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
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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
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ERII
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