Energy Recovery sees beating previous 2012 guidance of 40% revenue growth The company said, "Anticipating increased revenue in the fourth quarter, management expects to exceed previous guidance of 40% revenue growth for the full year of 2012 compared to 2011."
News For ERII From The Last 14 Days
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Energy Recovery shares have significant downside risk, says Wedbush Wedbush attributes Energy Recovery's better than expected quarter to a pull-forward of projects and views the company's lack of guidance as "disturbing." The firm sees significant downside risk to the stock and keeps an Underperform rating on Energy Recovery with a $2 price target.