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Energy Focus Inc (NASDAQ:EFOI) shares are up in Tuesday’s premarket session. The move follows a massive rally on Friday and a retreat on Monday.
Profit-Taking After Exponential Surge
The recent volatility appears driven by profit-taking. On Friday, volatility triggered a circuit breaker halt, ending that session up a staggering 242.11%.
Friday’s surge began after the lighting company outlined progress on data center infrastructure. Management highlighted its specific role in AI-ready facilities.
This pivot toward AI infrastructure has captured significant retail interest.
The company recently completed Project G, a $0.5 million Uninterruptible Power Supply (UPS) installation.
It …
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