Nexxus Lighting (NEXS) Breaking Out On ENERGY STAR Label For Its LED Light Bulb

Nexxus Lighting (NEXS) is surging 20% this morning with heavy volume on news that company has received  the Energy Star label for its R30 LED light bulb.  The Array R30 is the first LED reflector lamp replacement that’s qualified for the label.  The company has submitted additional bulbs to Energy Star for approval.

Technically, today’s move is an important one for NEXS with the stock breaking out of a more than two month consolidation and likely marking a bottom.  Volume is already triple the average, indicating big demand.  NEXS is a very compelling speculative LED play down at these levels.

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