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Energy Recovery IPO Analysis: A Buy at the Right Price

Posted on July 01, 2008

Energy Recovery (ERII) is the latest addition to publicly available investment vehicles for the world s looming water problems. They sell technology that reduces the fraction of unused energy during sea water reverse osmosis [SWRO], one method of desalination. They are tentatively scheduled to IPO today. Nobody, that I m aware of, has commented publicly on the deal, specifically with respect to either the economics behind SWRO plants nor the valuation of the target of $7 - $9.With respect to the economics behind the plants they sell to, they are popping up all over the world, so the nu...

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economics , ipo