Orion Energy Systems - OESX Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Orion Energy Systems in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" OESX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OESX, but not buy additional shares or sell existing shares.
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1 Wall Street research analysts have issued 1-year price objectives for Orion Energy Systems' stock. Their OESX share price forecasts range from $3.00 to $8.00. On average, they anticipate the company's stock price to reach $6.00 in the next twelve months. This suggests a possible upside of 287.1% from the stock's current price.
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Orion Energy Systems' stock was trading at $3.62 at the beginning of the year. Since then, OESX stock has decreased by 57.2% and is now trading at $1.55.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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Orion Energy Systems, Inc. (NASDAQ:OESX) announced its quarterly earnings results on Tuesday, November, 9th. The electronics maker reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The electronics maker had revenue of $36.51 million for the quarter, compared to analysts' expectations of $39.03 million. Orion Energy Systems had a trailing twelve-month return on equity of 1.37% and a net margin of 0.70%. During the same quarter in the previous year, the business posted $0.06 earnings per share.

Orion Energy Systems issued an update on its FY 2023 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $90.00 million-$110.00 million, compared to the consensus revenue estimate of $124.56 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 many different institutional and retail investors. Top institutional investors include North Star Investment Management Corp. (11.99%), Renaissance Technologies LLC (5.27%), Tieton Capital Management LLC (4.91%), Acuitas Investments LLC (3.72%), Grace & White Inc. NY (1.41%) and US Bancorp DE (0.93%). Insiders that own company stock include Anthony L Otten, 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 $1.55.

Orion Energy Systems (NASDAQ:OESX) has a market capitalization of $48.30 million and generates $124.38 million in revenue each year. The electronics maker earns $6.09 million in net income (profit) each year or $0.03 on an earnings per share basis.

The company employs 213 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.