4 stories mentioning ERIIUpdated 8d ago
Every FINWIRES story that references ERII, newest first.
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Energy Recovery (ERII) shares were down more than 7% in Monday trading after Seaport Global downgraded the stock to neutral from buy.Trading volume stood at over 909,000 shares, compared with a daily average of about 1.0 million.Price: $6.98, Change: $-0.58, Percent Change: -7.62%
Energy Recovery (ERII) said Tuesday that it has finalized a lease for a new manufacturing facility near Dammam Second Industrial City in Dammam, Saudi Arabia.The 3,750-square-meter facility, the company's first manufacturing operation in Saudi Arabia, is expected to begin operations in 2027, the company said.The facility will carry out machining, assembly, and testing as part of Energy Recovery's proprietary PX Pressure Exchanger manufacturing process and will serve desalination customers in Saudi Arabia and across the wider Middle East and North Africa region, the company said.Price: $8.47, Change: $-0.05, Percent Change: -0.59%
Energy Recovery (ERII) has an average rating of overweight and mean price target of $14, according to analysts polled by FactSet.
