Energy Focus: CEO comeback, product launches should drive value - Wainwright

Energy Focus

16/09/2019 15:05

** Shares of lighting technology maker  EFOI.O  rise 18.4%
to 51 cents
    ** H.C. Wainwright says it rates EFOI's stock "buy", an
upgrade from under review and establishes PT of $2.75 
    ** Says CEO James Tu's comeback and anticipated product
launches over the next few months should drive share value
    ** Brokerage says reorganization of the sales force under
the newly appointed president and CFO and improvements in EFOI's
inventory management and component sourcing to make products
more price competitive, to benefit co 
    ** Despite session gains, stock down ~13% YTD

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2439, outside U.S. +91 80 6749 2439;))