Zacks Investment Research upgraded shares of Energy Focus, Inc. (NASDAQ:EFOI) from a hold rating to a buy rating in a report released on Monday. They currently have $3.25 price objective on the construction company’s stock.
According to Zacks, “Energy Focus, Inc. is a leading provider and innovator of energy efficient LED lighting products. As the creator of the only 100-percent flicker-free LED products on the market, Energy Focus products provide extensive energy savings, aesthetics, safety and health benefits over conventional and fluorescent lighting. As a longstanding partner with the US Government providing energy efficient LED lighting products to the U.S. Navy and the Military Sealift Command fleets, Energy Focus products go through rigorous testing in the most adverse conditions possible and still have a zero percent failure rate. In the commercial sphere, customers include national, state and local U.S. government agencies as well as Fortune 500 companies across education, healthcare, retail and manufacturing. Energy Focus is headquartered in Solon, Ohio, with additional sales offices in Washington, D.C., New York and Taiwan. “
Other analysts have also recently issued reports about the stock. HC Wainwright restated a buy rating and issued a $6.00 price objective on shares of Energy Focus in a research note on Thursday, November 9th. Roth Capital set a $2.00 price objective on shares of Energy Focus and gave the stock a hold rating in a research note on Friday, October 6th. B. Riley restated a hold rating and issued a $3.00 price objective on shares of Energy Focus in a research note on Thursday, November 9th. Finally, ValuEngine upgraded shares of Energy Focus from a strong sell rating to a sell rating in a research note on Friday, September 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $3.55.
Shares of Energy Focus (NASDAQ EFOI) opened at $2.73 on Monday. Energy Focus has a one year low of $1.51 and a one year high of $5.32.
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An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC increased its stake in shares of Energy Focus, Inc. (NASDAQ:EFOI) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 424,994 shares of the construction company’s stock after acquiring an additional 26,054 shares during the quarter. WealthTrust Axiom LLC owned about 3.61% of Energy Focus worth $1,117,000 at the end of the most recent reporting period. 17.12% of the stock is currently owned by institutional investors.
Energy Focus Company Profile
Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.
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