Energy Focus (EFOI) is a speculative LED lighting play, but I believe it has the same kind of potential as Nexxus Lighting (NEXS) if it can come up with a few big orders.  It hasn’t happened yet and company growth remains stagnant, but the CEO expects growth to resume in the 2nd quarter and on into 2012 when its Intellitube technology (which is currently used at the Navy) becomes available commercially.

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Here’s a quote from CEO Kaveski:  "Solutions based sales are expected to significantly increase beginning in the second quarter of 2011. Furthermore, we see the military market emerging as a relevant sales channel in 2011 as evidenced by our recent orders from the US Navy. Products based on IntelliTube™ technology, already embedded into our military products, are expected to be available for the existing building market in 2012.”

The company reported an EPS loss of .06/share on revenues of $8.8 million which is right about what they reported in the previous two quarters.  Revenue for this quarter is expected to only be about $5 million, but the CEO said that’s just due to the timing of contracts.  For the full year, the company sees revenues of about $35 million which is what they posted for 2010, so revs look stagnant for another year.  I think 2012 will be the year for EFOI, but the stock could ramp up big before then.  The key right now is for the stock to convincingly break above and hold the 200 day moving average around the $1.25 level.  That’s something it hasn’t been able to do over the past 6 months.

With the stock giving up an early 8% gain in after hours trading and now down a few percent to 1.19, it appears the stock may need more time to finally push through that 200 day moving average convincingly.