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Energy Focus Inc. (Nasdaq: EFOI) is a leading producer and provider of sustainable LED lighting solutions, bringing greater energy efficiency, sustainability, and wellness. The company offers effective lighting for commercial, industrial, and military maritime markets, and more recently, also for buildings, facilities, and residential homes. The company was founded in 1985 and is headquartered in Solon, Ohio.
The company has installed more than 900 thousand lighting products across the country. Recently, Energy Focus announced a new range of UV-C disinfection products, and also a new partnership with Batteries Plus Bulbs that will result in their products distributed in more than 700 stores across the U.S.
Those announcements increased the value of Energy Focus on the market. In April, EFOI traded more bullishly than 67% of stocks on the market. The volume has also increased during this year along with the price, which is a positive technical sign. The positive results show that buying the company’s shares can be a thriving option for investors.
EFOI holds buy signals from both short and long-term with medium risk. We believe that investing in Energy Focus stocks could yield significant returns as the company is in a growth perspective and presenting overall positive results over the year.