Energy Focus (EFOI) Awarded $2.5 Million In Efficient Lighting Contracts

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08:52:28 pm on November 10, 2011

Energy Focus (EFOI) has been awarded $2.5 million in efficient lighting contracts it was announced after the bell today.  The contracts are for retrofitting at a Fortune 500 firm as well as a large school system in the SE United States.  The company is currently procuring the materials and overseeing the installations.

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Joseph Kaveski, CEO, Energy Focus, Inc. commented:  "I am encouraged by the improving performance of our lighting solutions business in the fourth quarter with the award of these new contracts."

Technically shares are trying to find a bottom and showing some signs that indeed a bottom may be in place with a higher volume surge earlier this week.  I personally like shares down here for a trade and have been scaling into a position. 

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