In the News

July 9, 2008

Energy Recovery Shakes Up Dead IPO Market

Energy Recovery Inc, the clean-tech shining star, went public last week nearly 15 years after setting up shop in 1993. It will trade under the ticker ERII.

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July 8, 2008

Energy Recovery soars 23% after adding Raychem founder to board of directors

Energy Recovery Inc. (Nasdaq:ERII) is trading 23% higher today after the company announced it had added Raychem founder Paul M. Cook to the company’s board of directors.

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July 3, 2008

Energy Recovery: a cleantech deal hits the IPO market

So far this year, it's been horrible for the IPO market. In fact, in Q2 there were no venture-backed offerings. But, going into July, there is some hope. For example, Energy Recovery (NYSE: ERII) was able to pull of its IPO, pricing the deal at $8.50. On its first day of trading, the stock ended at $9.83.

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July 3, 2008

BeaconEquity.com issues TraderNotes on ERII, EXTR, IDXX

Today’s TraderNotes include: Today’s TraderNotes include: Energy Recovery Inc. (Nasdaq: ERII), Extreme Networks Inc. (Nasdaq: EXTR), IDEXX Laboratories Inc. (Nasdaq: IDXX), Northstar Neuroscience Inc. (Nasdaq: NSTR), Cumulus Media Inc. (Nasdaq: CMLS), JAKKS Pacific Inc. (Nasdaq: JAKK), Monolithic Power Systems Inc. (Nasdaq: MPWR) and Genta Incorporated (OTCBB: GNTA)

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July 2, 2008

Energy Recovery Inc. IPO price near top of range

NEW YORK (MarketWatch) -- Energy Recovery Inc. (ERII:ERII News, chart, profile, more Last: Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: ERII, , ) priced 14 million shares at $8.50 a share, raising $119 million in its initial public offering on Wednesday.

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July 2, 2008

San Leandro's Energy Recovery shines in IPO

Energy Recovery Inc. priced its initial public offering of 14 million shares at $8.50 each, and the shares jumped to $11 each in early trading Wednesday. The San Leandro company (NASDAQ: ERII) raised about $68.7 million in the deal. Its shares rose as high as $11 each before stabilizing around $10 for most of the day. They closed on Wednesday at $9.83.

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July 2, 2008

IPO PRICING: Energy Recovery, Inc. (ERII)

Energy Recovery, Inc. (NASDAQ: ERII) has priced its initial public offering of 14,000,000 shares of common stock at $8.50 per share, which was within the $7.00 to $9.00 range.

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July 1, 2008

Energy Recovery IPO: Investment Vehicle for Looming Water Problem

With respect to the economics behind the plants they sell to, they are popping up all over the world, so the numbers must work.  It’s obvious the customer base will likley continue to grow.

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June 28, 2008

Energy Recovery, Inc. Integrates Technology and Business Development

Energy Recovery, Inc. (ERI®), the global leader of ultra high efficiency energy recovery products and technology for water desalination, advances its technical sales and product development efforts by designating its current Chief Technology Officer.

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June 28, 2008

Energy Recovery files IPO for desalination

Energy Recovery, a San Leandro, Calif.-based firm which develops water desalination devices, has filed plans to list its shares on the NASDAQ under the ticker symbol “ERII.” The company expects its 14 million shares — 8.1 million of which will be offered by the firm itself, with the remaining 5.9 million to be sold by a stockholder group — to fetch between $7 and $9 apiece.

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