- Energy Recovery, Inc. (NASDAQ:ERII) received an award to supply its Ultra PX energy recovery devices to support industrial wastewater treatment operations at a lithium-ion battery manufacturing facility in China. Financial terms were not disclosed.
- Energy Recovery’s Ultra PX helps manufacturing facilities to meet the demand for energy storage technologies while ensuring their operations are more cost-effective and sustainable.
- Energy Recovery previously announced contracts to supply its Ultra PX to a natural gas plant in China, a chemical manufacturer in India, and three other Chinese manufacturers.
- Price Action: ERII shares are trading higher by 1.99% at $19.48 on the last check Thursday.
Deutsche Bank analyst Bryan Kraft maintains Walt Disney (NYSE:DIS) with a Buy and lowers the price target from $213 to $200.