NEW YORK (TheStreet) --Shares of Energy Focus Inc. (EFOI) are climbing higher by 41.71% to $8.29 on heavy volume in mid-morning trading on Thursday, after the company received what it describes as "the single largest order in the company's history."
The company, which designs, develops, manufacturers, and markets energy-efficient light emitting diode lighting products, said the U.S. Navy placed a $7.7 million order for Energy Focus' "Intellitube" LED retrofit tubes.
"This true plug and play technology allows for direct fit into existing fluorescent sockets with or without the ballast in place," the company said.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Energy Focus said it has employed and installed its property circuit and LED lamp in over 140 naval vessels, compared to the less than 20 ships installed with its products at the beginning of the year.
Separately, TheStreet Ratings team rates ENERGY FOCUS INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ENERGY FOCUS INC (EFOI) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: