Energy Focus (EFOI) Stock Soars 300% After Landing $6.6M Data Center Contract
Energy Focus (EFOI) stock surged by approximately 300% after announcing significant updates on two data center projects. The company secured a multi-year $6.6 million contract (Project Y) with a large Asian data center developer, alongside completing a $0.5 million project (Project G). These contracts, totaling $7.1 million, are substantial for a company with a $13.18 million market cap, despite its current challenges in profitability and growth.