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Energy Recovery Announces New Share Repurchase Program

1. Energy Recovery, Inc. announces a new $30 million share repurchase program. 2. This follows the completion of a $50 million buyback program in Q4 2024.

Shares Buyback
+2.52%Current Return
VS
-1.6%S&P 500
$14.6802/26 04:15 PM EDTEvent Start
$15.0502/27 11:08 PM EDTLatest Updated
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FAQ

Why Bullish?

Share repurchase programs generally indicate strong company confidence and can support stock prices. Historical examples show that buybacks often lead to price appreciation, as seen with companies like Apple and IBM.

How important is it?

Share repurchase announcements tend to instill confidence among investors, potentially enhancing stock value significantly. The timing and amount of the buyback can yield immediate support for the stock price.

Why Short Term?

The upcoming buyback program is set to begin in February 2025, providing immediate upward pressure on share prices as investors react positively.

Related Companies

AAPLIBMMSFT
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq: ERII) today announced its Board of Directors approved a share repurchase program to purchase up to $30 million of the company's outstanding common stock over the next 12 months, beginning in February 2025. The new program is in addition to a $50 million share repurchase program announced in November and completed in Q4 2024. Under the previous program, the company repurchased 3.2 million shares for an average price of $15.39 p.

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