Energy Focus, Inc. (NASDAQ:EFOI) – Stock analysts at B. Riley upped their FY2017 earnings per share (EPS) estimates for shares of Energy Focus in a report released on Thursday. B. Riley analyst C. Driscoll now anticipates that the construction company will post earnings of ($0.95) per share for the year, up from their previous estimate of ($0.97). B. Riley currently has a “Hold” rating and a $3.00 target price on the stock. B. Riley also issued estimates for Energy Focus’ Q1 2018 earnings at ($0.17) EPS, Q3 2018 earnings at ($0.13) EPS, Q4 2018 earnings at ($0.12) EPS and FY2018 earnings at ($0.58) EPS.
Several other analysts also recently weighed in on the company. ValuEngine downgraded Energy Focus from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 26th. Roth Capital set a $2.00 target price on Energy Focus and gave the company a “hold” rating in a report on Friday, October 6th. Zacks Investment Research downgraded Energy Focus from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, HC Wainwright reissued a “buy” rating and issued a $6.00 target price on shares of Energy Focus in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $3.79.
An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC boosted its stake in Energy Focus, Inc. (NASDAQ:EFOI) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 424,994 shares of the construction company’s stock after acquiring an additional 26,054 shares during the period. WealthTrust Axiom LLC owned 3.61% of Energy Focus worth $1,117,000 as of its most recent SEC filing. 17.12% of the stock is currently owned by hedge funds and other 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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