Geopolitical Risk and Guidance Withdrawal Dim Energy Recovery’s (ERII) Near-Term Visibility
Conestoga Capital Advisors’ Q2 2026 investor letter said small caps shifted higher, citing Russell 2000 and Russell 2000 Growth gains, while leadership was uneven. The firm exited Energy Recovery, Inc. (NASDAQ:ERII) from its Micro-Cap Composite, citing higher Middle East geopolitical uncertainty, project timing delays, and withdrawal of full-year guidance. ERII closed Aug. 6, 2026 at $8.73.



