Energy Focus Gets a Hold Rating from Oppenheimer

Oppenheimer analyst Colin Rusch maintained a Hold rating on Energy Focus (NASDAQ: EFOI) yesterday. The company’s shares closed yesterday at $2.36.

Rusch noted:

“EFOI posted moderately disappointing results versus consensus, but the company continues to make progress on its turnaround with the evolution of its product platform. With revenue growth of 15% Y/Y and improving sales of its RedCap offering and leverage into its other offerings, we believe the company is pursuing a sound strategy. We also believe the move toward agency sale from direct sales will ultimately lead to longer term sustainable growth. Going forward we will be watching for improving GM as the company continues working through cost-reduction efforts and improving scale. Also, while the company is managing cash effectively, we will be looking for continued capital efficiency as sales ramp.”

According to TipRanks.com, Rusch is a 5-star analyst with an average return of 11.7% and a 50.0% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp, Amer Superconductor, and Canadian Solar Inc.

Energy Focus has an analyst consensus of Hold.

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The company has a one-year high of $3.52 and a one-year low of $1.51. Currently, Energy Focus has an average volume of 15.47K.

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Energy Focus, Inc. engages in the design, development, and manufacture of energy-efficient lighting systems. It operates through the marketing and sale of commercial, industrial, and military maritime lighting products and research and development services. The company was founded in 1985 and is headquartered in Solon, OH.