Why Energy Focus Shares Are Sinking Monday?
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Energy Focus Inc. (NASDAQ:EFOI) shares fell 12.17% in pre-market trading on Monday, following a significant 242.11% surge on Friday. The decline is attributed to profit-taking after the stock's massive rally, which was fueled by updates on AI-ready data center projects. The company completed Project G and is advancing Project Y, valued at $6.6 million. Despite the drop, EFOI remains in a strong uptrend, trading well above its major moving averages and up 254.64% over the past year.
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