Orion Energy Systems (OESX) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Orion Energy Systems in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" OESX shares.
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1 Wall Street analysts have issued 1 year price objectives for Orion Energy Systems' stock. Their OESX share price forecasts range from $7.00 to $7.00. On average, they expect the company's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 430.3% from the stock's current price.
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Orion Energy Systems' stock was trading at $1.82 at the beginning of the year. Since then, OESX stock has decreased by 27.5% and is now trading at $1.32.
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Orion Energy Systems saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 173,700 shares, an increase of 40.8% from the August 31st total of 123,400 shares. Based on an average daily trading volume, of 45,800 shares, the short-interest ratio is presently 3.8 days. Approximately 0.6% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
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Orion Energy Systems, Inc. (NASDAQ:OESX) announced its quarterly earnings data on Wednesday, August, 9th. The electronics maker reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.11) by $0.07. The electronics maker had revenue of $17.61 million for the quarter, compared to the consensus estimate of $22.38 million. Orion Energy Systems had a negative trailing twelve-month return on equity of 37.25% and a negative net margin of 49.48%.

Orion Energy Systems issued an update on its FY 2024 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $100.00 million-$100.00 million, compared to the consensus revenue estimate of $101.80 million.

1 employees have rated Orion Energy Systems Chief Executive Officer Mike Altschaefl on Glassdoor.com. Mike Altschaefl has an approval rating of 100% among the company's employees. This puts Mike Altschaefl in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Orion Energy Systems investors own include NVIDIA (NVDA), Nokia Oyj (NOK), Pfizer (PFE), Applied Materials (AMAT), Advanced Micro Devices (AMD), Enphase Energy (ENPH), NIO (NIO), AT&T (T), Micron Technology (MU) and Zoom Video Communications (ZM).

Orion Energy Systems trades on the NASDAQ under the ticker symbol "OESX."

Orion Energy Systems' stock is owned by a number of retail and institutional investors. Top institutional shareholders include North Star Investment Management Corp. (8.44%), Tieton Capital Management LLC (6.83%), Kanen Wealth Management LLC (6.66%), Dimensional Fund Advisors LP (0.57%), Register Financial Advisors LLC (0.16%) and Envestnet Asset Management Inc. (0.05%). Insiders that own company stock include Anthony L Otten, Ellen B Richstone, Michael H Jenkins, Michael J Potts, Michael W Altschaefl and Scott A Green.
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Shares of OESX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OESX stock can currently be purchased for approximately $1.32.

Orion Energy Systems (NASDAQ:OESX) has a market capitalization of $42.90 million and generates $77.38 million in revenue each year. The electronics maker earns $-34,340,000.00 in net income (profit) each year or ($1.20) on an earnings per share basis.

The company employs 265 workers across the globe.

Orion Energy Systems' mailing address is 2210 WOODLAND DRIVE, MANITOWOC WI, 54220. The official website for the company is www.oriones.com. The electronics maker can be reached via phone at (920) 892-9340, via email at ir@oesx.com, or via fax at 866-678-7020.