Renewable opportunities beckon for ERI
- From: Vol 12, Issue 7 (July 2011)
- Category: Companies
- Region: Americas
- Country: United States
- Related Companies: Energy Recovery Inc. and Pump Engineering
Tom Rooney was brought in to Energy Recovery Inc. in February this year, after the shares slumped 50% below the IPO price. The company needs an agent of change as it confronts the downturn in desalination, he tells GWI.
Energy Recovery Inc. is looking to diversify beyond the desalination market as incoming CEO Tom Rooney attempts to rebuild the upward momentum in the company’s share price. The desalination market peaked soon after the company floated on Nasdaq in July 2008, and the shares have been a disappointment to investors ever since. In December 2009, ERI acquired Pump Engineering ...
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