DESAL DIFFICULTIES

Energy Recovery Inc. has had a torrid time on the stock market.

 

It was bad enough on 6th-7th May when investors marked the shares down from $5.82 to $4.28 on the announcement of the company’s first quarter results and the revision of guidance for the full year. But the slide did not stop there. Over the ensuing month, shares slumped further to reach a low of $3.19 on ...

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