Information Provided By: 
Fly News Breaks for October 22, 2015
ERII
Oct 22, 2015 | 06:35 EDT
Credit Suisse upgraded Energy Recovery to Outperform and increased its price target to $10 from $3 per share. Analyst Patrcik Jobin said Energy Recovery's 15-year deal with Schlumberger Technology Corporation to commercialize Energy Recovery's VorTeq hydraulic pumping system for use in onshore hydraulic fracturing is transformative for the company. Jobin believes the deal validates the prospects of the technology, increases the likelihood of successful commercialization, and provides flexibility for further R&D investments.
News For ERII From the Last 2 Days
