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

Wall Street Zen upgraded shares of Orion Energy Systems (NASDAQ:OESX) from a buy rating to a strong-buy rating in a research note released on Saturday.

OESX has been the subject of a number of other reports. HC Wainwright reissued a “buy” rating and issued a $30.00 price objective on shares of Orion Energy Systems in a research note on Thursday. Weiss Ratings raised shares of Orion Energy Systems from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Finally, Zacks Research cut Orion Energy Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $30.00.

Orion Energy Systems Stock Up 12.1%

Shares of OESX 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 1.03. The stock has a market capitalization of $79.98 million, a price-to-earnings ratio of -394.00 and a beta of 0.77. Orion Energy Systems has a 1 year low of $5.60 and a 1 year high of $19.93. The business’s 50 day simple moving average is $10.67 and its 200-day simple moving average is $10.98.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.40. Orion Energy Systems had a net margin of 0.04% and a return on equity of 11.66%. The firm had revenue of $25.74 million during the quarter, compared to analyst estimates of $23.56 million. As a group, equities analysts expect that Orion Energy Systems will post 0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orion Energy Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in shares of Orion Energy Systems during the 4th quarter worth about $202,000. NewEdge Advisors LLC lifted its stake in Orion Energy Systems by 60.1% in the first quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock worth $211,000 after purchasing an additional 9,058 shares during the last quarter. Marshall Wace LLP bought a new stake in Orion Energy Systems in the fourth quarter worth about $706,000. Sei Investments Co. boosted its position in shares of Orion Energy Systems by 114.3% during the first quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock valued at $1,137,000 after buying an additional 69,387 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of 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 buying an additional 43,693 shares during the last quarter. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Trending Headlines about Orion Energy Systems

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

• Positive Sentiment: HC Wainwright raised its long-term earnings outlook. The firm increased its FY2027 EPS forecast to $0.43 from $0.17, FY2029 to $1.28 from $0.83, FY2030 to $1.94 from $1.30, and FY2031 to $2.67 from $1.77. It also lifted its Q4 2027 estimate to $0.02 from $0.01 and FY2028 to $0.50 from $0.41. HC Wainwright reiterated a “Buy” rating and a $30 price target, implying substantial upside from recent trading levels. HC Wainwright estimates
• Positive Sentiment: WallStreetZen upgraded OESX to “Strong Buy,” adding to the favorable analyst sentiment surrounding the stock. Orion Energy Systems raised to Strong Buy at WallStreetZen
• Positive Sentiment: Orion’s latest quarterly performance provided fundamental support. The company reported $0.47 in EPS versus the $0.07 consensus estimate and revenue of $25.74 million versus expectations of $23.56 million, reinforcing the case for improving profitability.
• Negative Sentiment: Near-term forecasts were reduced. HC Wainwright cut its Q2 2027 EPS estimate to a loss of $0.01 from earnings of $0.06 and lowered its Q3 2027 estimate to a loss of $0.05 from earnings of $0.04. These revisions indicate that profitability may remain uneven before the projected longer-term growth.

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.