Energy Focus Inc. (NASDAQ: EFOI) is a lighting company that develops energy-efficient solutions for commercial, industrial, and military applications. Through its technology and solutions, the company ensures savings for its clients while reducing the overall power consumption used to illuminate structures, vehicles, watercraft, and infrastructure.
Energy-efficient lighting solutions are in demand today. In addition to reducing costs for companies and government entities, efficient lighting solutions can also reduce maintenance and help organizations to meet their environmental commitments.
The company has suffered in recent years with low revenue performance. Management is in the process of turning the underperformance around. In its most recent quarterly report, the company reported an 8.2% increase in revenue, with a 33% increase in its gross profit margin. Revenue is expected to grow by 24.33% in the next fiscal year.
Analysts are hopeful that the return to growth will fuel activity in the stock. The average target price of $11 suggests that investors who buy now will enjoy an upside. In the long term, the stock could increase significantly if the company continues to grow its revenue towards previous highs.
- 1 Year Price Growth: 89%
- YTD Price Growth: 86%
- 3 Month Price Growth: 57%
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