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Actionable news in ERII: Energy Recovery, Inc.,

Here's a Reason Why Energy Recovery (ERII) Stock Is Climbing Today

NEW YORK (TheStreet) -- Shares of Energy Recovery (ERII) were advancing on heavy trading volume mid-afternoon Tuesday as Jefferies increased its rating on the stock to "buy" from "hold."

The firm also upped its price target on shares of the San Leandro, CA-based energy solutions provider to $20 from $8.

Jefferies said Energy Recovery has begun to deliver on "high incremental margins, recovery in the core desalination market and... harvesting fluid pressure in high-pressure and toxic environments."

Risk premium on the stock could lower as the company hits...