Energy Recovery SVP sells $116,946 in company stock as shares hold steady

Rodney Clemente, Senior Vice President at Energy Recovery, sold 6,505 shares of the company for $116,946, according to a filing with the U.S. Securities and Exchange Commission on October 30. This sale comes as Energy Recovery's stock remained stable at $17.58. Energy Recovery is an engineering technology firm focused on improving industrial processes, primarily in the water sector. The company has reported a revenue growth rate of 31.25% as of June 30, 2024, indicating strong financial performance. Despite the positive revenue trend, Energy Recovery's earnings per share is currently below the industry average. The company maintains a low debt-to-equity ratio, suggesting a conservative approach to financing.