The Dow fared the best of the indexes in 2022, down about 8.8%. The S&P 500 sank 19.4%, and is more than 20% below its record high, while the tech-heavy Nasdaq, where your humble editor is invested, tumbled 33.1%.
Our big winner was LSI which began the year $6.69 and ended at $12.24. This was an incredible gain as LSI continued to beat expectations and boasts of six consecturive quarters of double digit gains.
Dialight started at £319 and ended at £310, this 3% loss makes Dialight a strong winner when compared to other lighting companies. In April Dialight returned to profitability after two years of losses.
Acuity and Signify are down 22% and 25% respectively, which is in line with the rest of the market.
The worst performing stock of the year by far was Energy Focus, they were down 93% and their market capitalization went from $26M to $3M. In September, they named Lesley Matt as new CEO. IN November, Matt emphasized that Energy Focus is reinvesting in their military maritime markets as well as aggressively cutting costs to right-size the organization.
We do hear of other companies, both public and private, planning on a recession in 2023 and many are either reducing costs now, or planning to later this year.
EdisonReport wishes all of the publicly traded, and privately held companies a successful 2023.
| 31-Dec-21 | 31-Dec-22 | Gain/Loss | |
| AYI | $211.72 | $165.61 | -22% |
| Light.as | $41.58 | $31.38 | -25% |
| LR.pa | $102.80 | $74.82 | -27% |
| SGH | $35.49 | $14.88 | -58% |
| Dia.L | $319 | $310 | -3% |
| EFOI | $4.27 | $0.32 | -93% |
| LSI | $6.69 | $12.24 | 83% |
| OESX | $3.62 | $1.82 | -50% |
Editor’s Note: Randy Reid does not buy or sell stocks in the lighting industry.