Energy Recovery Delivered In Q3 But Faces A Challenging Q4, Still A Hold

Group 1 - Energy Recovery, Inc. (NASDAQ: ERII) reported strong performance in Q3 2024, particularly in delivering products for mega-projects and generating revenues [1] - The company is optimistic about achieving $150 million in revenues for FY24, contingent on performance in Q4 [1] Group 2 - The investment approach focuses on operational aspects and long-term earnings potential rather than market-driven dynamics [1] - The strategy emphasizes holding companies for the long term, with a preference for a small fraction of companies being rated as buys [1]