Another Nexxus Lighting (NEXS) LED Product Approved By Energy Star

Nexxus Lighting (NEXS) announced earlier today that its best selling LED bulb, the MR16, was also approved as an ENERGY STAR Qualified LED light bulb recently.  The bulb uses just 3.3watts of produce over 150 lumens.  The company’s R16 and GU10 products are also approved under ENERGY STAR guidelines and is awaiting approval for other LED products.

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Shares of NEXS made an important technical move yesterday, breaking out above the its 200 day moving average with good volume.  Perhaps this is a sign that a strong earnings report is ahead?  We shall see.  I don’t see an official date yet for their earnings, but based on the time frame of last quarter it should be within a week or two.

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