Energy Recovery: Insider Transaction: Arve Hanstveit Sells $337K Worth Of Energy Recovery Shares

Revealing a significant insider sell on December 17, Arve Hanstveit, Director at Energy Recovery (NASDAQ:ERII), as per the latest SEC filing.What Happened: Hanstveit's decision to sell 20,000 shares of Energy Recovery was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value of the sale is $337,400.During Wednesday's morning session, Energy Recovery shares up by 0.62%, currently priced at $16.19.Unveiling the Story Behind Energy RecoveryEnergy Recovery Inc is an engineering-driven technology company. It is engaged in engineering, designing, manufacturing and supplying solutions that make industrial processes more efficient and sustainable. The company operates in three segments, Water, Emerging Technologies and Corporate. It offers energy recovery devices (ERDs) and pumps as well as related products and services to the global reverse osmosis desalination market. The company derives a majority of the revenue from the Water segment. Geographically, the company operates in the U.S. and other international countries.Energy Recovery: A Financial OverviewPositive Revenue Trend: Examining Energy Recovery's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.18% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company ...Full story available on Benzinga.com