ERII - Noteworthy Insider Activity: David W Moon Invests $166K In Energy Recovery Stock | Benzinga
A significant insider buy by David W Moon, President and CEO at Energy Recovery (NASDAQ:ERII), was executed on February 29, and reported in the recent SEC filing.
What Happened: Moon's recent purchase of 10,750 shares of Energy Recovery, disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, reflects confidence in the company's potential. The total transaction value is $166,732.
Tracking the Friday's morning session, Energy Recovery shares are trading at $16.06, showing a up of 2.75%.
Discovering Energy Recovery: A Closer Look
Energy Recovery Inc is an engineering-driven technology company. It is engaged in engineering, designing, manufacturing and supplying solutions that make industrial processes more efficient and sustainable. The company operates in three segments, Water, Emerging Technologies and Corporate. It offers energy recovery devices (ERDs) and pumps as well as related products and services to the global reverse osmosis desalination market. The company derives a majority of the revenue from the Water segment. Geographically, the company operates in the U.S. and other international countries.
Financial Insights: Energy Recovery
Revenue Growth: Energy Recovery's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of ...