Orion Energy Systems (NASDAQ:OESX) Raised to Strong-Buy at Wall Street Zen

Orion Energy Systems (NASDAQ:OESX) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

OESX has been the topic of several other reports. Weiss Ratings upgraded Orion Energy Systems from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Zacks Research cut Orion Energy Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Finally, HC Wainwright reissued a “buy” rating and set a $30.00 price target on shares of Orion Energy Systems in a research report on Thursday. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, Orion Energy Systems presently has an average rating of “Reduce” and an average target price of $30.00.

Orion Energy Systems Price Performance

Orion Energy Systems stock opened at $19.70 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 1.13. The stock has a market cap of $80.57 million, a price-to-earnings ratio of -394.00 and a beta of 0.77. The firm has a 50-day moving average of $10.67 and a two-hundred day moving average of $10.94. Orion Energy Systems has a 1 year low of $5.60 and a 1 year high of $19.93.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Wednesday, August 5th. The electronics maker reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.40. The business had revenue of $25.74 million for the quarter, compared to analyst estimates of $23.56 million. Orion Energy Systems had a net margin of 0.04% and a return on equity of 11.66%. On average, research analysts forecast that Orion Energy Systems will post 0.38 earnings per share for the current year.

Institutional Trading of Orion Energy Systems

A number of institutional investors have recently modified their holdings of the company. North Star Investment Management Corp. grew its position in shares of Orion Energy Systems by 29.0% in the 1st quarter. North Star Investment Management Corp. now owns 525,552 shares of the electronics maker’s stock worth $4,593,000 after buying an additional 118,100 shares during the last quarter. Tieton Capital Management LLC raised its stake in shares of Orion Energy Systems by 0.6% during the 4th quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock worth $3,940,000 after acquiring an additional 1,580 shares in the last quarter. Grace & White Inc. NY lifted its position in 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 acquiring an additional 20,400 shares during the last quarter. Renaissance Technologies LLC lifted its position in Orion Energy Systems by 32.4% during the first quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock valued at $1,560,000 after acquiring an additional 43,693 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Orion Energy Systems by 114.3% in the first quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock valued at $1,137,000 after acquiring an additional 69,387 shares in the last quarter. 52.59% of the stock is currently owned by institutional investors.

Key Stories Impacting Orion Energy Systems

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

• Positive Sentiment: HC Wainwright maintained a “Buy” rating and a $30 price target, above the stock’s recent trading level. The firm raised its FY2027 EPS forecast to $0.43 from $0.17 and increased its long-term estimates to $1.28 for FY2029, $1.94 for FY2030 and $2.67 for FY2031. These revisions suggest expectations for significant earnings growth over time.
• Positive Sentiment: HC Wainwright also issued a bullish forecast for Orion Energy Systems’ FY2028 earnings, reinforcing the view that the company’s profitability could improve materially in future years. HC Wainwright Has Bullish Forecast for OESX FY2028 Earnings
• Positive Sentiment: WallStreetZen upgraded Orion Energy Systems to “Strong-Buy,” adding to the favorable analyst momentum. Orion Energy Systems Raised to Strong-Buy at Wall Street Zen
• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with earnings of $0.47 per share versus the $0.07 consensus estimate and revenue of $25.74 million versus the $23.56 million forecast. The earnings surprise likely strengthens the case for the optimistic outlook.
• Negative Sentiment: HC Wainwright lowered its 2027 EPS forecasts for the second and third quarters to losses of $0.01 and $0.05, respectively, from prior estimates of $0.06 and $0.04. The reductions indicate that near-term profitability may remain uneven despite the stronger longer-term projections.

Orion Energy Systems Company Profile

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.