ERII - Energy Recovery's Challenged Q1 Was Expected But Caution Ahead

2024-05-12 07:14:59 ET

Summary

• Energy Recovery is a pressure exchange manufacturer with a strong position in desalinization. It is expanding into wastewater and refrigeration markets.
• The company's recent financial results showed shrinking revenue and large operational losses, largely due to delays in desalination projects.
• The Biden administration's funding for municipal water treatment presents an opportunity for Energy Recovery in the wastewater market, but the refrigeration segment is facing slower implementation.

Energy Recovery ( ERII ) is a pressure exchange manufacturer with a strong position in desalinization and making inroads into the wastewater and refrigeration markets....

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