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Energy Focus (NASDAQ:EFOI) Chief Executive Officer Chiao Chieh Huang reported purchasing shares of the company’s common stock in two transactions, totaling approximately $400,000. The micro-cap company, currently valued at $8.9 million, has seen its stock rise nearly 35% over the past six months, though it trades below the CEO’s purchase prices. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment.
On March 27, 2025, Huang acquired 103,627 shares at a price of $1.93 per share. Followed by another buy on June 23, 2025, with 110,497 shares at $1.81 per share. With analysts forecasting both revenue growth and a return to profitability in 2025, these insider purchases align with positive expectations. InvestingPro subscribers can access 12 additional key insights about Energy Focus’s financial health and growth prospects.
Following these transactions, Huang directly owns 894,660 shares of Energy Focus. Huang also indirectly owns 42,788 shares through Sander Electronics, 534,592 shares through SANDER ELECTRONIC CO., LTD., and 428,077 shares through INWOOD HOLDING LIMITED, all of which are controlled affiliates. The company maintains a healthy balance sheet with more cash than debt and a current ratio of 2.11, indicating strong short-term liquidity.
In other recent news, Energy Focus, Inc. held its annual meeting of stockholders where several key decisions were made. Shareholders elected seven directors, including Kin-Fu Chen and Gina (Mei-Yun) Huang, to serve until the next annual meeting, with each nominee receiving over 3.67 million votes in favor. The appointment of GBQ Partners LLC as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was also approved, with approximately 3.9 million votes supporting the measure. Additionally, an advisory vote on the compensation of the company’s named executive officers passed with over 3.19 million votes in favor. Stockholders expressed a preference for conducting future advisory votes on executive compensation every two years, with this option receiving approximately 3.08 million votes. The meeting saw a participation rate of 75.51%, representing 4,061,345 shares of the company’s common stock and Series A Convertible Preferred Stock. These developments are part of the recent activities surrounding Energy Focus, Inc.
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