November 22, 2016 - By Pete Kolinski · 0 Comments
Energy Focus Inc (NASDAQ:EFOI) institutional sentiment increased to 0.88 in 2016 Q2. Its up 0.08, from 0.8 in 2016Q1. The ratio has increased, as 16 investment professionals opened new or increased stock positions, while 20 cut down and sold stakes in Energy Focus Inc. The investment professionals in our partner’s database now possess: 1.98 million shares, up from 1.86 million shares in 2016Q1. Also, the number of investment professionals holding Energy Focus Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 10 Increased: 10 New Position: 6.
Energy Focus, Inc. along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The company has a market cap of $61.30 million. The Firm is engaged in developing and selling of light-emitting diode lighting products for military maritime market, and general commercial and industrial markets. It currently has negative earnings. It produces, sources and/or markets a range of lighting technologies to serve its primary end markets.
The stock closed at $5.12 during the last session. It is down 34.86% since April 20, 2016 and is downtrending. It has underperformed by 39.42% the S&P500.
According to Zacks Investment Research, “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.”
Wealthtrust Axiom Llc holds 0.62% of its portfolio in Energy Focus Inc for 257,706 shares. New Jersey Better Educational Savings Trust owns 48,000 shares or 0.2% of their US portfolio. Moreover, Cambridge Advisors Inc. has 0.13% invested in the company for 46,620 shares. The Us-based Ancora Advisors Llc has invested 0.03% in the stock. Menta Capital Llc, a California-based fund reported 19,410 shares.#img1#
Ratings analysis reveals 44% of Energy Focus’s analysts are positive. Out of 9 Wall Street analysts rating Energy Focus, 4 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $5 while the high is $26. The stock’s average target of $18.19 is 255.27% above today’s ($5.12) share price. EFOI was included in 17 notes of analysts from August 7, 2015. Northland Capital initiated the shares of EFOI in a report on Monday, September 21 with “Buy” rating. Canaccord Genuity initiated Energy Focus Inc (NASDAQ:EFOI) rating on Friday, November 6. Canaccord Genuity has “Buy” rating and $20 price target. The stock has “Buy” rating given by H.C. Wainwright on Friday, August 28. Canaccord Genuity downgraded the stock to “Hold” rating in Wednesday, March 16 report. The firm has “Hold” rating given on Friday, August 12 by Benchmark. The rating was initiated by Rodman & Renshaw on Friday, August 7 with “Buy”. Roth Capital downgraded the shares of EFOI in a report on Thursday, November 5 to “Neutral” rating. The company was downgraded on Friday, August 12 by Oppenheimer. Benchmark initiated Energy Focus Inc (NASDAQ:EFOI) on Friday, January 15 with “Buy” rating. As per Monday, August 15, the company rating was downgraded by FBR Capital.
Energy Focus, Inc., incorporated on May 2, 2007, along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Firm is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.
More notable recent Energy Focus Inc (NASDAQ:EFOI) news were published by: Globenewswire.com which released: “Energy Focus, Inc. Reports Third Quarter 2016 Results” on November 14, 2016, also Globenewswire.com with their article: “Energy Focus, Inc. Launches Network-Ready Lighting Solutions” published on September 28, 2016, Crainscleveland.com published: “Energy Focus Inc. names Wayne Steinhoff as chief revenue officer” on September 12, 2016. More interesting news about Energy Focus Inc (NASDAQ:EFOI) were released by: Crainscleveland.com and their article: “Energy Focus Inc. names Jennifer Deutsch as senior vice president of marketing” published on August 15, 2016 as well as Globenewswire.com‘s news article titled: “Energy Focus, Inc. Announces Details for Rescheduled Third Quarter 2016 …” with publication date: November 03, 2016.
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By Pete Kolinski