Chris Bunge
Hedge fund analyst, long/short equity

Energy Recovery Inc.: The Little Company With The Big Technology

Energy Recovery Inc, (NASDAQ:ERII) is the little company with the big technology. ERII traditionally has focused its own energy on building its business within the desalination markets, which has been a choppy market niche to be in. In addition, the total addressable market size of the desalination industry is only $150 million. Around three years ago, management realized they needed to take their proprietary technology and find the bigger opportunities. Management did just that. Over the last several years they have been developing a proprietary solution for the oil and gas processing industries, which is just now on the verge of ramping up. I believe 2014 will be the inflection year for ERII, as their efforts of the...

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