SCHEDULE: Ameriprise Financial Reduces Energy Recovery Stake

Ameriprise Financial, Inc. and its affiliates have reported a decrease in their beneficial ownership of Energy Recovery, Inc. common stock, falling below the 5% threshold.

Summary

• Ameriprise Financial, Inc. and its affiliated entities have filed an amendment to their Schedule 13G, reporting a reduction in their beneficial ownership of Energy Recovery, Inc. common stock.
• As of June 30, 2026, Ameriprise Financial, Inc. reported shared voting power of 678,251 shares and shared dispositive power of 679,236 shares, representing 1.3% of the class.
• Several other entities within the Ameriprise group, including TAM UK International Holdings Limited, Threadneedle Holdings Limited, and others, reported zero beneficial ownership as of the filing date.
• The filing indicates that the reporting persons are not part of a group and are not acting to influence or control the issuer.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as neutral to slightly negative, as it primarily reports a decrease in beneficial ownership below a significant reporting threshold, indicating a reduction in investment rather than a positive strategic move.

Negatives

• Ameriprise Financial, Inc. and its affiliates have significantly reduced their stake in Energy Recovery, Inc., now holding less than 5% of the outstanding common stock.
• The aggregate amount beneficially owned by Ameriprise Financial, Inc. is 679,236 shares, representing only 1.3% of the class, down from previous holdings.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it solely pertains to reporting changes in beneficial ownership.

Management Comments

• Each of the Ameriprise Entities disclaims beneficial ownership of any shares reported on this Schedule.
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

StockSavvy.ai notes that a reduction in beneficial ownership by a significant financial institution like Ameriprise Financial can signal a shift in investment strategy or a re-evaluation of the company's prospects within its sector.

Stakeholder Impact

• Shareholders may interpret the reduced stake by a major financial institution as a potential signal of reduced confidence or a change in investment thesis, which could influence market perception.

Key Dates

Keywords

Energy Recovery, Ameriprise Financial, Schedule 13G, Beneficial Ownership, Common Stock, Investment Holding