Roth Capital Trims PT on Energy Focus (EFOI) to $5 Following Q2 Results
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
Roth Capital trims its price target on Neutral-rated Energy Focus (NASDAQ: EFOI) from $6 down to $5 after the company reported Q2 results on Thursday.
Analyst Craig Irwin commented,
Energy Focus reported disappointing 2Q16 results, and issued revenue guidance well below consensus estimates. Without a major rebound in Navy revenue, which we see as unlikely, Energy Focus will likely start burning more cash into 2017. Available cash of $25m does give the company some flexibility to reposition, but we remain cautious waiting for tangible evidence of a return to future profitability.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Raises Price Target on Broadcom Ltd. (AVGO) to $210 Following 4Q
- Jefferies Cuts Price Target on Entergy (ETR) to $72 Following Announced PPA Termination
- Broadcom (AVGO) PT Raised to $210 at Mizuho
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, Analyst PT Change, Upgrades
Related EntitiesRoth Capital
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!