Fly News Breaks for October 24, 2019
Oct 24, 2019 | 08:20 EDT
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.
News For ERII From the Last 2 Days
Oct 26, 2021 | 08:13 EDT
Energy Recovery announced contract awards totaling more than $21.9M for its PX Pressure Exchanger energy recovery devices and related equipment and services for seawater reverse osmosis desalination, SWRO, plants in the Kingdom of Saudi Arabia. The orders are expected to ship through Q2 of 2022, and the plants will be able to produce a combined total over one million cubic meters of water per day or m3/day. Energy Recovery Wins Contracts Totaling over $21.9 Million for SWRO Plants in Kingdom ofSWRO Plants in Kingdom of .Saudi Arabia.