Orion Energy Systems (NASDAQ:OESX) Cut to “Strong Sell” at Zacks Research

Orion Energy Systems (NASDAQ:OESX) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings lowered Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $20.00.

Orion Energy Systems Stock Up 54.4%

OESX opened at $16.06 on Tuesday. The business’s fifty day simple moving average is $10.31 and its 200 day simple moving average is $10.91. Orion Energy Systems has a 52 week low of $5.60 and a 52 week high of $18.64. The company has a quick ratio of 1.03, a current ratio of 1.41 and a debt-to-equity ratio of 0.34. The stock has a market cap of $65.20 million, a PE ratio of -17.46 and a beta of 0.77.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.40. The firm had revenue of $25.74 million during the quarter, compared to analysts’ expectations of $23.56 million. Orion Energy Systems had a negative return on equity of 11.81% and a negative net margin of 3.66%. As a group, research analysts expect that Orion Energy Systems will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orion Energy Systems

Several institutional investors and hedge funds have recently bought and sold shares of OESX. Tieton Capital Management LLC lifted its position in shares of Orion Energy Systems by 0.6% in the 4th quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock worth $3,940,000 after purchasing an additional 1,580 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Orion Energy Systems by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock valued at $211,000 after purchasing an additional 9,058 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Orion Energy Systems during the fourth quarter valued at about $202,000. Grace & White Inc. NY increased its position in shares of Orion Energy Systems by 9.2% during the first quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker’s stock valued at $2,110,000 after buying an additional 20,400 shares during the period. Finally, North Star Investment Management Corp. raised its stake in Orion Energy Systems by 6.3% in the fourth quarter. North Star Investment Management Corp. now owns 407,452 shares of the electronics maker’s stock worth $6,267,000 after buying an additional 23,998 shares in the last quarter. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Orion Energy Systems News Roundup

Here are the key news stories impacting Orion Energy Systems this week:

• Positive Sentiment: Orion reported fiscal Q1 revenue of approximately $25.7 million, up 32% year over year and above the $23.6 million analyst consensus. The company also reported net income of about $2 million and earnings of $0.47 per share, sharply ahead of the expected $0.07 and a loss in the prior-year quarter. Orion Reports First Quarter Financial Results
• Positive Sentiment: The earnings and revenue beats support investor expectations that Orion is returning to profitability after reporting a loss in the year-ago period. Zacks noted that both quarterly earnings and revenue surpassed estimates. Orion Q1 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management forecast fiscal 2027 revenue of $95 million to $97 million, broadly consistent with the $96.3 million consensus estimate. The company is expanding its EV-charging business and cited early data-center wins as potential growth drivers. Orion Fiscal 2027 Revenue Outlook
• Positive Sentiment: Recent insider activity has been supportive, with CEO Sally Washlow and CFO Per Brodin reportedly purchasing OESX shares over the past six months.
• Neutral Sentiment: Orion plans to present to investors at the Emerging Growth Conference on August 19, potentially providing additional details on its lighting, EV-charging and data-center strategies. Orion Emerging Growth Conference Presentation
• Negative Sentiment: The outlook does not appear materially above expectations, and the company remains a small-cap, high-volatility business. Investors will need to determine whether the quarterly profit is sustainable as Orion scales new initiatives; forward-looking plans also carry execution risks.

About Orion Energy Systems

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.