Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, announced the commissioning of its first IsoGenTM system for a gas processing plant owned by the
The IsoGen system is a turbogenerator system that recycles otherwise wasted pressure energy and converts it into electrical power. The system allows gas processing plants to reduce their reliance on the power grid by powering their plant with recovered pressure energy powered and recycled through their current operations.
The gas plant will use IsoGen to optimize production and energy consumption. Instead of completely relying on electrical power coming from the utility grid, the plant will now be able to power its operations in part through energy generated and recycled through the IsoGen device.
Energy Recovery’s Chief Financial Officer Mr.
About Energy Recovery’s Line of Iso Devices
The IsoGen system has also been designed to be a solution for oil pipelines, where downhill flows create excess pressure that can easily be converted into useful electricity. IsoGen is part of Energy Recovery’s larger line of Iso devices, which includes the IsoBoost™, a hydraulic system that also taps into the often overlooked resource of pressure energy. Instead of using that energy to generate electrical power, the IsoBoost helps ensure smooth operations in gas processing plants, offering a hydraulic system that is more economical, safer, and with three times the life of a traditional pump. (Original Source)
Shares of Energy Recovery closed yesterday at $2.59 . ERII has a 1-year high of $6.18 and a 1-year low of $2.49. The stock's 50-day moving average is $3.10 and it's 200-day moving average is $3.98.
On the ratings front, Ardour analyst Jinming Liu downgraded ERII to Hold, with a price target of $3.50, The current price targetimplies an upside of 35.1% from current levels, In a report issued on March 11. The current price targetimplies an upside of 35.1% from current levels
According to TipRanks.com, Liu has a total average return of -3.0%, a 53.8% success rate, and is ranked #2899 out of 3562 analysts.
Energy Recovery Inc is engaged in designing, developing, and manufacturing of energy recovery devices that transform untapped energy into reusable energy from industrial fluid flows and pressure cycles.