- Energy Recovery has been trying to diversify its markets for many years. However, ERII is still arguably a one-trick pony: its SWRO desalination business.
- That said, the market obviously sees a lot of promise in the potential for new lines of business in industrial wastewater and CO2 refrigeration.
- Meantime, the many years-long efforts to commercialize Vor-Teq in the shale drilling patch have yet to bear fruit. And it may never do so.
- Yet the stock price is up 170% over the past year. With a forward P/E=88x, investors will be looking for some good "new markets" updates on ERII's upcoming August 5th Q2 conference call.
For further details see:
Energy Recovery: Despite Diversification Efforts, SWRO Still Rules The Roost