We may remember Energy Recovery Inc. as the starting point for Clean Tech era in stock markets. Although not many are in line for the near future IPO window, strong commitments of VCs (here and here) would be reasonable indicators for a productive IPO market 5-10 years ahead.

Let’s mark the Energy Recovery Inc. IPO details here and track the progress to see whether this water desalination company with ever-efficient energy usage beats the market in the long run.

Ticker: ERII

Market: NASDAQ

IPO Price: 8.50 US$

Money Raised: 119 million US$

MCap: 471 million US$ (based on yesterday’s closing price of 9.83 US$)

Financials: In 2007, Energy Recovery’s earnings rose to $5.8 million from $2.4 million in 2006. The company’s revenue grew to $35.4 million from $20.1 million.