Seeking Alpha

Revolution Lighting +5.1% on new LED retrofit deal

  • Top NYC commercial property owner SL Green will use Revolution Lighting's (RVLT) Seesmart LED tube lamps at 9 office properties featuring 6.2M sq. feet of space.
  • The deal follows retrofits in 2012 and 2013 at 24 SL Green properties. The latest retrofit is expected to yield $370K/year in annual cost savings.
  • Revolution is bouncing after closing yesterday near its 52-week low of $2.01.
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