Energy Focus, Inc. (NASDAQ:EFOI) – Oppenheimer Holdings increased their FY2017 earnings per share estimates for Energy Focus in a research report issued on Wednesday. Oppenheimer Holdings analyst C. Rusch now expects that the construction company will post earnings per share of ($0.97) for the year, up from their prior estimate of ($0.99). Oppenheimer Holdings also issued estimates for Energy Focus’ Q4 2017 earnings at ($0.17) EPS.
Other analysts have also recently issued reports about the company. B. Riley reiterated a “neutral” rating on shares of Energy Focus in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Energy Focus from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research report on Monday. HC Wainwright reiterated a “buy” rating and issued a $6.00 price target on shares of Energy Focus in a research report on Thursday, August 10th. Roth Capital set a $2.00 price target on Energy Focus and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, ValuEngine cut Energy Focus from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $3.79.
ILLEGAL ACTIVITY NOTICE: This piece was reported by Week Herald and is the sole property of of Week Herald. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://weekherald.com/2017/11/15/oppenheimer-holdings-research-analysts-increase-earnings-estimates-for-energy-focus-inc-efoi.html.
Shares of Energy Focus (NASDAQ EFOI) opened at $2.72 on Monday. Energy Focus has a 1 year low of $1.51 and a 1 year high of $5.32.
A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC grew its holdings in Energy Focus, Inc. (NASDAQ:EFOI) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 424,994 shares of the construction company’s stock after purchasing an additional 26,054 shares during the quarter. WealthTrust Axiom LLC owned about 3.61% of Energy Focus worth $1,117,000 as of its most recent filing with the SEC. 17.12% of the stock is currently owned by hedge funds and other institutional investors.
About Energy Focus
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.
Receive News & Ratings for Energy Focus Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Focus Inc. and related companies with MarketBeat.com's FREE daily email newsletter.