🟢 Energy Recovery is trading 5% up in pre-market after announcing Saudi desalination contract

Energy Recovery is trading 5.13% up in pre-market at $7.19, after announcing a contract to supply its highest-capacity PX Q650 devices to a new Saudi seawater desalination plant.

• The company announced the contract on October 8, 2026; the plant is expected to rank among the world’s ten largest.
• Major U.S. index futures are higher, while industrials are down in pre-market amid concerns about elevated Treasury yields and economic growth. The contract is the more direct explanation for Energy Recovery’s gain.