Johnson Fistel, PLLP is investigating Energy Recovery, Inc. regarding potential securities law violations on behalf of investors who suffered losses. The investigation focuses on whether investors may recover losses following the company's decision to wind down operations of its CO₂ retail grocery business within its Emerging Technologies segment. The firm is examining disclosures made by Energy Recovery and their impact on the company's stock price.

On February 25, 2026, Energy Recovery announced it would wind down the CO₂ retail grocery business. The company stated that discussions with original equipment manufacturers and end-user customers indicated that scaled adoption would require significant time, investment, and risk. Consequently, the investment no longer met the company’s capital allocation criteria. Energy Recovery also disclosed expected one-time costs related to the wind-down, including severance-related costs, inventory reserves, goodwill impairment, and other non-cash charges.

Following these disclosures, Energy Recovery’s stock price declined significantly, resulting in losses for investors. Johnson Fistel is assessing whether the company's actions or omissions violated federal securities laws. The law firm represents individual and institutional investors in shareholder litigation involving securities fraud, breaches of fiduciary duties, and other violations of state and federal law.

Investors who purchased Energy Recovery securities and suffered losses are encouraged to contact Johnson Fistel to learn more about the investigation. There is no cost or obligation to participate. The firm has been recognized as one of the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services and recovered approximately $90,725,000 for investors in 2024.