Energy Recovery initiated with a Buy at Seaport Research

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.