Seaport Research initiated coverage of Energy Recovery (ERII) with a Buy rating and $22 price target The pressure exchange technology pure play has “a dominant moat” in salt water reverse osmosis desalination, a “foothold” in wastewater treatment, and a pressure exchanger for CO2 refrigeration, which the firm believes will be catalytic to its growth in supermarkets, the analyst tells investors.
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Read More on ERII:
- Energy Recovery price target lowered to $20 from $23 at Evercore ISI
- Energy Recovery price target lowered to $20 from $22 at B. Riley
- Energy Recovery announces $50M share repurchase program
- Energy Recovery downgraded to Hold from Buy at Fearnley
- Energy Recovery’s Q3 2024 Financial Performance Overview