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ERII

Energy Recovery

$9.50

-0.07 (-0.73%)

16:07
11/04/19
11/04
16:07
11/04/19
16:07

Energy Recovery CEO Chris Gannon resigns, citing personal reasons

Energy Recovery announced the resignation of Chris Gannon as the company's president and CEO and as a member of its board. Gannon submitted his resignation to the board on Friday, November 1, effective immediately, citing personal reasons for his departure. Gannon's resignation was accepted by the Board. The board has appointed Robert Yu Lang Mao as interim President and CEO. Mao currently serves as chairman of Energy Recovery's board, and he will retain his board seat and chairmanship during the transition. Mao will lead the executive search for a permanent replacement for Gannon and will work closely with the company's executive team to provide leadership and ensure continuity until a successor has been appointed.

ERII Energy Recovery
$9.50

-0.07 (-0.73%)

10/24/19
RAJA
10/24/19
INITIATION
Target $12
RAJA
Outperform
Energy Recovery initiated with an Outperform, $12 price target at Raymond James
Raymond James analyst Pavel Molchanov initiated coverage of Energy Recovery with an Outperform rating and $12 price target. In a research note to investors, Molchanov says Energy Recovery is a differentiated, "niche" play on the mainstreaming of desalination, via its dominant role in supplying pressure exchangers, a small but critical component used in desalination plants. The development-stage VorTeq and MTeq products for oilfield activity provide somewhat binary catalysts that are impossible to gauge vis-a-vis probability and timing, and Molchanov says the stock is pricing in little to no credit for these opportunities.
10/23/19
RAJA
10/23/19
INITIATION
Target $12
RAJA
Outperform
Energy Recovery initiated with an Outperform at Raymond James
Raymond James analyst Pavel Molchanov initiated coverage of Energy Recovery with an Outperform rating and $12 price target.
03/07/19
03/07/19
NO CHANGE

Energy Recovery reports Q4 adjusted EPS 3c, consensus (1c)
Reports Q4 revenue $17.7M, consensus $14.79M.
12/07/18
GHSC
12/07/18
DOWNGRADE
GHSC
Neutral
Energy Recovery downgraded to Neutral from Buy at Seaport Global
Seaport Global analyst Mike Urban downgraded Energy Recovery to Neutral from Buy citing uncertainty in the oil & gas business. Urban said there is little to no visibility in the timing or path to VorTeq and MTeq commercialization and the revenue and cost model remain unclear.

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MAKSY

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NUAN

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SLG

SL Green Realty

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UNFI

United Natural Foods

$9.43

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SAGE

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CRIS

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Xencor

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MRVL

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