Does Energy Focus Deserve a Place in Your Portfolio? -Breaking
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© Reuters. Do You Have Energy Focus?Energy Focus, a developer of sustainable lighting solutions (NASDAQ:), has received significant investor attention recently due to the launch of new products that protect against COVID-19. However, considering the company’s inability to generate sufficient cash flows to meet its operational needs, and its poor profitability, is it worth adding the stock to one’s portfolio? Continue reading to find out more. Energy Focus is a leader in sustainable lighting, control technology and UVC Disinfector. This Ohio-based company, headquartered in Solon has an excellent track record of reliability and success in providing healthy lighting solutions for mission-critical facilities like the U.S. Navy or National Institutes of Health.
Due to the two brand new products, 42.2% of shares increased in value over the past month. They help consumers protect themselves from COVID-19. The two new Disinfectors UVo Tower UVC Air and nUVo traveler products are designed to kill up to 99.9% airborne pathogens within rooms of 1,000 square feet.
However, EFOI’s stock price declined by 21.3% and 23.2% respectively over the past one year. Investors are questioning the prospects of EFOI due to its inability to generate enough cash flow to meet its operational requirements and weak profitability.
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