Orion Energy Systems - OESX Stock Forecast, Price & News

1 Wall Street equities research 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 equities research 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 analysts have issued 1 year target prices for Orion Energy Systems' shares. Their OESX share price forecasts range from $3.00 to $8.00. On average, they predict the company's stock price to reach $6.00 in the next twelve months. This suggests a possible upside of 172.7% from the stock's current price.
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Orion Energy Systems' stock was trading at $3.62 at the beginning of 2022. Since then, OESX stock has decreased by 39.2% and is now trading at $2.20.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
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Orion Energy Systems, Inc. (NASDAQ:OESX) released its quarterly earnings data on Tuesday, November, 9th. The electronics maker reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The electronics maker earned $36.51 million during the quarter, compared to analysts' expectations of $39.03 million. Orion Energy Systems had a negative net margin of 5.94% and a negative trailing twelve-month return on equity of 8.02%. During the same period in the previous year, the company posted $0.06 earnings per share.

Orion Energy Systems issued an update on its FY 2023 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $90.00 million-$110.00 million, compared to the consensus revenue estimate of $95.30 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 shareholders include North Star Investment Management Corp. (7.73%), Tieton Capital Management LLC (6.57%), Renaissance Technologies LLC (4.30%), Heartland Advisors Inc. (3.84%), Acuitas Investments LLC (3.45%) and Grace & White Inc. NY (2.70%). Insiders that own company stock include Anthony L Otten, 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 $2.20.

Orion Energy Systems (NASDAQ:OESX) has a market capitalization of $70.38 million and generates $124.38 million in revenue each year. The electronics maker earns $6.09 million in net income (profit) each year or ($0.17) 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.