Energy Recovery falls on proposed mixed shelf offering

Energy Recovery

12/09/2019 23:10

** Energy solutions provider's shares  ERII.O  down 11.5% at
$9.5 in after-hours trade
    ** Stock set for its worst day in nearly three years on
Friday, if losses hold
    ** Co plans mixed shelf offering of up to $250 mln  urn:newsml:reuters.com:*:nACSTssx7a
    ** Energy Recovery will not receive any proceeds from the
sale of common stock by the selling stockholders 
    ** Up to Thursday's close, stock up 57% this year

 (Reporting by Bharath Manjesh in Bengaluru)
 ((Bharath.ManjeshR@thomsonreuters.com;  outside U.S. +91 80
6749 8400;))