Energy Recovery traded at $6.71 this Thursday November 5th, decreasing $0.46 or 6.42 percent since the previous trading session. Looking back, over the last four weeks, Energy Recovery lost 5.23 percent. Over the last 12 months, its price fell by 53.69 percent. Looking ahead, we forecast Energy Recovery to be priced at 6.81 by the end of this quarter and at 6.39 in one year, according to Trading Economics global macro models projections and analysts expectations.
Energy Recovery, Inc. creates technologies that solve challenges for industrial fluid-flow markets. The Company's segments include Water and Emerging Technologies. Water segment includes the continued development, sales and support of the Pressure Exchanger (PX), hydraulic turbochargers and pumps used in its seawater desalination and industrial wastewater activities. Emerging Technologies segment includes the continued development, sales and support of activities related to technologies, such as the VorTeq used in the oil and gas market, the ISOBoost used in natural gas processing, the PX G1300 used in industrial and commercial refrigeration applications and certain other new products. It designs and manufactures solutions that reduce waste and energy consumption across a range of industrial processes. Its solutions are marketed, sold in, or developed for, the fluid-flow and gas markets, such as water, industrial waste, oil and gas, chemical processing and refrigeration.