OESX Stock Gets Increased EPS Forecast from HC Wainwright

Key Points

• HC Wainwright raised its Q3 2027 EPS estimate for Orion Energy Systems to $0.15 from a projected loss of $0.05, maintaining a Buy rating and a $30 price target. It also forecasts $0.66 EPS for FY2027.
• Analyst sentiment is mixed but leans positive: MarketBeat reports a consensus “Moderate Buy” rating and a $36.50 average price target, based on two Buy and two Hold ratings.
• OESX shares opened at $13.24, while institutional investors own 52.59% of the company’s stock.

Orion Energy Systems, Inc. (NASDAQ:OESX - Free Report) - HC Wainwright raised their Q3 2027 earnings per share (EPS) estimates for shares of Orion Energy Systems in a research note issued on Friday, November 6th. HC Wainwright analyst A. Dayal now anticipates that the electronics maker will post earnings of $0.15 per share for the quarter, up from their previous estimate of ($0.05). HC Wainwright has a "Buy" rating and a $30.00 price objective on the stock. The consensus estimate for Orion Energy Systems' current full-year earnings is $0.23 per share. HC Wainwright also issued estimates for Orion Energy Systems' Q4 2027 earnings at $0.24 EPS, FY2027 earnings at $0.66 EPS, FY2029 earnings at $1.27 EPS, FY2030 earnings at $1.91 EPS and FY2031 earnings at $2.63 EPS.

Other research analysts have also issued reports about the company. Zacks Research lowered Orion Energy Systems from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 8th. Wall Street Zen cut Orion Energy Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Weiss Ratings upgraded Orion Energy Systems from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, October 8th. Finally, Craig Hallum reaffirmed a "buy" rating and set a $43.00 price target on shares of Orion Energy Systems in a research report on Tuesday, September 15th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.50.

Orion Energy Systems Stock Up 5.8%

Shares of NASDAQ:OESX opened at $13.24 on Tuesday. The company has a 50 day moving average of $24.49 and a 200-day moving average of $15.03. Orion Energy Systems has a one year low of $8.58 and a one year high of $31.65. The stock has a market cap of $54.15 million, a price-to-earnings ratio of -165.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 1.13.

Institutional Investors Weigh In On Orion Energy Systems

Large investors have recently made changes to their positions in the stock. AIGH Capital Management LLC acquired a new stake in shares of Orion Energy Systems during the third quarter worth $12,414,000. Tieton Capital Management LLC bought a new stake in Orion Energy Systems in the 2nd quarter valued at $3,326,000. Renaissance Technologies LLC boosted its stake in Orion Energy Systems by 32.4% in the 1st quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker's stock worth $1,560,000 after purchasing an additional 43,693 shares during the period. Sei Investments Co. boosted its stake in Orion Energy Systems by 114.3% in the 1st quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker's stock worth $1,137,000 after purchasing an additional 69,387 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in Orion Energy Systems by 60.1% in the 1st 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 period. Institutional investors own 52.59% of the company's stock.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc NASDAQ: OESX is an energy-efficiency technology company that designs, manufactures and delivers lighting and energy-management solutions for commercial and industrial facilities. Its offerings are intended to help organizations improve illumination, reduce energy consumption and modernize building operations.

The company's products and services include LED lighting fixtures and retrofit systems, intelligent lighting controls, and related energy-management technologies.

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