ENERGY FOCUS INC (EFOI)       0.5998  -0.08 (-11.25%)

Let's have a look at the top gainers and losers one hour before the close of the markets of today's session.

Energy Focus, Inc. (NASDAQ:EFOI), a leader in sustainable, energy-efficient lighting and controls systems for the commercial, military, maritime and consumer markets, announced upcoming plans for expanding its product lines to include innovative LED power supply products utilizing Gallium Nitride (GaN) technology for improved efficiencies and thermal management. This product offering builds off the previously announced strategic investment by Sander Electronics, who is partnering with Energy Focus on product and supply chain innovations. The two parties plan to expand their production and sales of components and end products in energy-related fields such as the GaN power supplies through joint technical cooperation and development to pursue expected opportunities in the fields of energy conservation, energy storage, photovoltaics, and energy management systems.

Energy Focus, Inc. (NASDAQ:EFOI), a leader in sustainable, energy-efficient lighting and controls systems for the commercial, military, maritime and consumer markets, today announced that it entered into definitive securities purchase agreements with certain purchasers associated with Sander Electronics for the issuance and sale of 5,446,252 shares of the Company’s common stock, in a private placement priced at-the-market under the rules of The Nasdaq Stock Market (“Nasdaq”). The closing of the private placement is expected to occur on or about January 20, 2023, subject to the satisfaction of customary closing conditions.

We're starting off the day with a breakdown of the biggest pre-market stock movers traders need to know about on Wednesday