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

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

OESX has been the subject of several other research reports. Wall Street Zen lowered Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings downgraded shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $20.00.

Orion Energy Systems Price Performance

Shares of OESX opened at $16.06 on Tuesday. Orion Energy Systems has a fifty-two week low of $5.60 and a fifty-two week high of $18.64. The firm’s 50-day simple moving average is $10.31 and its two-hundred day simple moving average is $10.91. The stock has a market cap of $65.20 million, a PE ratio of -17.46 and a beta of 0.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.03 and a current ratio of 1.41.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings results on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.40. The company had revenue of $25.74 million for the quarter, compared to the consensus estimate of $23.56 million. Orion Energy Systems had a negative return on equity of 11.81% and a negative net margin of 3.66%. Analysts anticipate that Orion Energy Systems will post 0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tieton Capital Management LLC increased its holdings 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 in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Orion Energy Systems by 60.1% during the first 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 stake in shares of Orion Energy Systems during the fourth quarter valued at $202,000. Grace & White Inc. NY increased its holdings in Orion Energy Systems by 9.2% in the 1st quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker’s stock worth $2,110,000 after buying an additional 20,400 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in Orion Energy Systems by 6.3% in the 4th 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 during the last quarter. 52.59% of the stock is owned by institutional investors.

Trending Headlines about Orion Energy Systems

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.

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.