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Stock impact report

SHAREHOLDER ALERT: Lowey Dannenberg Investigates Claims on Behalf of Investors of Energy Recovery, Inc. (ERII)

Energy Recovery, Inc. (ERII) 
Last energy recovery, inc. earnings: 4/30 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.energyrecovery.com
Company Research Source: GlobeNewswire
NEW YORK, July 02, 2020 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors is investigating possible violations of federal securities laws on behalf of investors of Energy Recovery, Inc. (“Energy Recovery” or the “Company”) (NASDAQ: ERII).  Energy Recovery Inc., headquartered in California, manufactures energy recovery devices for oil and gas, chemical and water industries. On June 29, 2020, Energy Recovery announced the termination of its 15-year contract with Schlumberger for the exclusive use of Energy Recovery’s VorTeq hydraulic pumping system.  The Company’s CEO stated that they and Schlumberger had “different strategic perspectives as to the path to VorTeq commercialization.”  Without the agreement in place, the Company will be wholly responsible for the commercialization of the VorTeq technology. The announcement caused a number of analysts to downgrade the Company.  One analyst reasoned that Energy Recovery la Show less Read more
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