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Enter Symbol:

down 12.14 %

ENERGY RECOVERY (ERII) downgraded to Hold with price target $4 by Ardour Capital

Posted on: Friday,  Nov 5, 2010  10:25 AM ET by Ardour Capital

Ardour Capital rated Hold ENERGY RECOVERY (NASDAQ: ERII) on 11/05/2010. Previously Ardour Capital rated Accumulate ENERGY RECOVERY (NASDAQ: ERII)
on 08/06/2010., when the stock price was $3.87. Since then, ENERGY RECOVERY has lost 12.14% as of 11/05/2010's recent price of $3.40.
If you would have followed the previous Ardour Capital's recommendation on ERII, you would have lost 12.14% of your investment in 91 days.

Energy Recovery, Inc. is engaged in developing, manufacturing and selling energy recovery devices for selling in the seawater desalination. The subsidiaries of the Company include Osmotic Power, Inc., Energy Recovery, Inc. International, and Energy Recovery Iberia, S.L. There are two methods of producing drinking water from seawater: thermal distillation and membrane or reverse osmosis desalination. Thermal distillation involves heating seawater, capturing the vapor and condensing it as potable water. Reverse osmosis desalination entails pressurizing seawater and driving it into filtering membranes to produce pure water and concentrated brine, which is carried away in a high pressure reject stream. The energy recovery products are used in reverse osmosis desalination. The products of the Company are sold under the trademarks ERI, PX, Pressure Exchanger and PX Pressure Exchanger.

# A leading institution in Energy Technology/Alternative Energy & Power/Clean & Renewable Technologies. # Publish in-depth company research and extensive technology-focused reports. # Provides a wide range of financial services for both public and private companies. # Ardour Global Indexes ( a family of pure-play alternative energy indexes. # Sponsors annual invitation-only Energy Technology Conference. # Member of FINRA/SIPC.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/10/2015 1:25 PM Buy
2.76 3.50
as of 12/31/2010
1 Week   
1 Month   
3 Months down  -5.29 %
1 YTD down  -50.58 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/11/2015 8:25 AM Hold
2.73 3.50
3/7/2014 11:25 AM Buy
6.10 7.50
3/8/2013 12:25 PM Hold
4.45 4.50
11/5/2010 10:25 AM Hold
3.40 4.00
8/6/2010 9:25 AM Buy
3.87 5.00
12/4/2009 11:25 AM Buy
6.70 9.00
6/5/2009 10:25 AM Buy
7.05 9.00
5/8/2009 10:25 AM Hold
12/12/2008 10:25 AM Buy
6.90 9.00

(*) Stock Price at the time of the recommendation.
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