Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of LED lighting technologist Revolution Lighting Technologies (NASDAQ:RVLT) soared a whopping 40% today after providing a business update that wowed Wall Street.

So what: Revolution has slumped in recent months on concerns over slowing growth, but CFO Charlie Schafer's presentation at the Craig-Hallum conference is reigniting optimism over the LED trends working in its favor. In fact, Shafer noted that Revolution has a robust pipeline of $150 million in actionable opportunities over the next 3-12 months and is targeting gross margins of roughly 35% for 2014-2016, giving investors some decent short and long-term visibility.

Now what: Revolution expects revenue for the second half of 2013 of $17 million and sees organic growth of greater than 50% for 2014-2016. "We expanded our distribution network and completed the acquisition of Relume Technologies, which broadened our product portfolio, and strengthened our engineering and management capabilities," said Schafer. "We are now well-positioned for the anticipated growth to come in 2014 and beyond." Of course, with the stock now up a whopping 400% over the past year and sporting price-to-sales multiple of 13, much of that growth might already be baked into the valuation. 

Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.