Equity News
Why Did The Energy Focus (EFOI) Stock Rise Nearly 7% In After-Hours Session?
Energy Focus Inc. (NASDAQ: EFOI), a leading provider of energy-efficient lighting solutions, has seen a significant surge in its stock price in after-hours trading on Friday. According to the latest data, the company’s stock has advanced by 7.00% to reach a new level of $0.6418. This positive development in the stock’s performance can be attributed to the company’s recent announcement of its expansion plans, which include the launch of a new product. EFOI has expanded which products? In a recent announcement, Energy Focus (EFOI) announced plans to expand its LED power supply product lines to include products utilizing Gallium Nitride
