NASDAQ:OESX

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

$1.50

+0.05 (+3.45%)

(As of 06/2/2023 ET)

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Today's Range: $1.45
▼
$1.50
50-Day Range: $1.43
▼
$2.06
52-Week Range: $1.38
▼
$2.45

Volume: 27,844 shs
Average Volume: 25,143 shs
Market Capitalization: $46.13 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.00

Orion Energy Systems MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 233.3% Upside
$5.00 Price Target
Short Interest: Healthy
0.45% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.00) to ($0.22) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

Construction Sector

57th out of 105 stocks

Electric Lighting & Wiring Equipment Industry

2nd out of 4 stocks

3.3

Analyst's Opinion

Consensus Rating
Orion Energy Systems has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.00, Orion Energy Systems has a forecasted upside of 233.3% from its current price of $1.50.
Amount of Analyst Coverage
Orion Energy Systems has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.45% of the float of Orion Energy Systems has been sold short.
Short Interest Ratio / Days to Cover
Orion Energy Systems has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Orion Energy Systems has recently increased by 2.07%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Orion Energy Systems does not currently pay a dividend.
Dividend Growth
Orion Energy Systems does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OESX.

2.2

News and Social Media Coverage

News Sentiment
Orion Energy Systems has a news sentiment score of 0.99. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Orion Energy Systems this week, compared to 1 article on an average week.
Search Interest
Only 4 people have searched for OESX on MarketBeat in the last 30 days. This is a decrease of -73% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Orion Energy Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Orion Energy Systems insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.00% of the stock of Orion Energy Systems is held by insiders.
Percentage Held by Institutions
53.86% of the stock of Orion Energy Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Orion Energy Systems are expected to grow in the coming year, from ($1.00) to ($0.22) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Orion Energy Systems is -1.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Orion Energy Systems is -1.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Orion Energy Systems has a P/B Ratio of 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Orion Energy Systems (NASDAQ:OESX) Stock

Orion Energy Systems, Inc. engages in the design, development, and trade of lighting systems, and retrofit lighting solutions. It operates through the following segments: Orion Services Group Division (OSG), Orion Distribution Services Division (ODS), Orion U.S. Markets Division (USM), and Corporate and Other. The OSG segment develops and sells lighting products and provides construction and engineering services for commercial lighting and energy management systems and provides retailers, distributors and other businesses with maintenance, repair and replacement services for the lighting and related electrical components deployed in their facilities. The ODS segment focuses on selling lighting products through manufacturer representative agencies and a network of North American broadline and electrical distributors and contractors. The USM segment consists of commercial lighting systems and energy management systems for the wholesale contractor markets. The Corporate and Other segment includes operating expenses. The company was founded in April 1996 and is headquartered in Manitowoc, WI.

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OESX Stock News Headlines

June 3, 2023 | americanbankingnews.com

Orion Energy Systems (NASDAQ:OESX) Coverage Initiated by Analysts at StockNews.com

May 27, 2023 | americanbankingnews.com

Orion Energy Systems (NASDAQ:OESX) Coverage Initiated at StockNews.com

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May 25, 2023 | finance.yahoo.com

LED Lighting and Electric Vehicle Charging Solutions Provider Orion Hosts Q4 Call Tuesday, June 6th at 10am ET

May 23, 2023 | finance.yahoo.com

Orion Energy Systems Unveils Latest LED Lighting Products at LIGHTFAIR® 2023 International Trade Show and Conference

May 20, 2023 | americanbankingnews.com

StockNews.com Initiates Coverage on Orion Energy Systems (NASDAQ:OESX)

May 18, 2023 | finance.yahoo.com

LED Lighting & EV Charging Solutions Provider Orion Energy Systems Presents at LD Micro Invitational in Los Angeles Wed., June 7th at 8:30am PT

May 3, 2023 | americanbankingnews.com

Orion Energy Systems (NASDAQ:OESX) Now Covered by StockNews.com

June 3, 2023 | Vantage Point (Ad)

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April 13, 2023 | finance.yahoo.com

Recent 13% pullback isn't enough to hurt long-term Orion Energy Systems (NASDAQ:OESX) shareholders, they're still up 115% over 5 years

April 8, 2023 | americanbankingnews.com

Orion Energy Systems (NASDAQ:OESX) Now Covered by Analysts at StockNews.com

April 1, 2023 | seekingalpha.com

OESX Orion Energy Systems, Inc.

March 9, 2023 | finance.yahoo.com

Orion Energy Systems, Inc. Adds Richard A. Shapiro to Board of Directors

March 7, 2023 | finance.yahoo.com

LED Lighting & EV Charging Provider Orion Energy Systems Presents at Virtual Investor Summit Weds., March 29th at 12pm ET

February 11, 2023 | finance.yahoo.com

Orion Energy Systems Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

February 10, 2023 | finance.yahoo.com

Orion Energy Systems, Inc. (NASDAQ:OESX) Q3 2023 Earnings Call Transcript

February 9, 2023 | finanznachrichten.de

Orion Energy Systems, Inc.: Orion Energy Systems Reports Q3 Revenue of $20.3M; Reiterates FY'24 Outlook for 30% Revenue Growth

February 9, 2023 | finance.yahoo.com

Orion Energy Systems Reports Q3 Revenue of $20.3M; Reiterates FY’24 Outlook for 30% Revenue Growth

February 8, 2023 | msn.com

Earnings Outlook For Orion Energy Systems

February 2, 2023 | finance.yahoo.com

Analysts Estimate Orion Energy Systems, Inc. (OESX) to Report a Decline in Earnings: What to Look Out for

February 2, 2023 | finance.yahoo.com

Voltrek to Design and Install EV Charging Infrastructure for an Electric School Bus Pilot Program

February 1, 2023 | finance.yahoo.com

LED Lighting and EV Charging Solutions Provider Orion Hosts Q3 Call Thurs., Feb. 9th at 10am ET

January 26, 2023 | finance.yahoo.com

Time To Worry? Analysts Are Downgrading Their Orion Energy Systems, Inc. (NASDAQ:OESX) Outlook

January 24, 2023 | finance.yahoo.com

Orion (OESX) Preliminary Q3 Results Depict Delay, View Updated

January 23, 2023 | finance.yahoo.com

Orion Energy Systems Previews Preliminary FY 2023 Q3 Results, Updates FY 2023 Revenue Outlook and Provides Initial FY 2024 Revenue Growth Rate Expectation

January 17, 2023 | finance.yahoo.com

Orion Energy Systems Adds Sales Leader Ken Poole as EVP of Sales

January 4, 2023 | finance.yahoo.com

Orion Adds Charles McDulin to Board of Directors

See More Headlines

OESX Price History

30 days | 90 days | 365 days | Advanced Chart

OESX Company Calendar

Last Earnings: 11/09/2021
Today: 6/03/2023
Next Earnings (Confirmed): 6/06/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Electric lighting & wiring equipment
Sub-Industry: N/A
Sector: Construction
Current Symbol: NASDAQ:OESX
CUSIP: N/A
CIK: 1409375
Web: www.oriones.com
Phone: (920) 892-9340
Fax: 866-678-7020
Employees: 213
Year Founded: 1996

Price Target and Rating

Average Stock Price Forecast: $5.00
High Stock Price Forecast: $7.00
Low Stock Price Forecast: $3.00
Forecasted Upside/Downside: +233.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.96)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $6.09 million
Net Margins: -39.08%
Pretax Margin: -16.35%
Return on Equity: -18.72%
Return on Assets: -13.39%

Debt

Debt-to-Equity Ratio: 0.13
Current Ratio: 2.11
Quick Ratio: 1.24

Sales & Book Value

Annual Sales: $77.81 million
Price / Sales: 0.59
Cash Flow: $0.26 per share
Price / Cash Flow: 5.85
Book Value: $2.09 per share
Price / Book: 0.72

Miscellaneous

Outstanding Shares: 30,751,000
Free Float: 29,213,000
Market Cap: $46.13 million
Optionable: Optionable
Beta: 1.94

Social Links

Key Executives

Michael H. Jenkins
Chief Executive Officer & Director

J. Per Brodin
CFO, Treasurer, Chief Accounting Officer & EVP

Scott A. Green
President-Orion Services Group & Executive VP

Marc Meade
SVP-Operations Planning & Business Development

Ken Poole
Executive Vice President-Sales

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OESX Stock - Frequently Asked Questions

Should I buy or sell Orion Energy Systems stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Orion Energy Systems in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" OESX shares.
View OESX analyst ratings or view top-rated stocks.
What is Orion Energy Systems' stock price forecast for 2023?: 2 analysts have issued 1-year target prices for Orion Energy Systems' shares. Their OESX share price forecasts range from $3.00 to $7.00. On average, they anticipate the company's share price to reach $5.00 in the next year. This suggests a possible upside of 233.3% from the stock's current price.
View analysts price targets for OESX or view top-rated stocks among Wall Street analysts.
How have OESX shares performed in 2023?: Orion Energy Systems' stock was trading at $1.82 at the start of the year. Since then, OESX shares have decreased by 17.6% and is now trading at $1.50.
View the best growth stocks for 2023 here.
When is Orion Energy Systems' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 6th 2023.
View our OESX earnings forecast.
How can I listen to Orion Energy Systems' earnings call?: Orion Energy Systems will be holding an earnings conference call on Tuesday, June 6th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Orion Energy Systems' earnings last quarter?: Orion Energy Systems, Inc. (NASDAQ:OESX) issued its quarterly earnings data on Tuesday, November, 9th. The electronics maker reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The electronics maker earned $36.51 million during the quarter, compared to analyst estimates of $39.03 million. Orion Energy Systems had a negative trailing twelve-month return on equity of 18.72% and a negative net margin of 39.08%. During the same period in the prior year, the business earned $0.06 EPS.
What ETFs hold Orion Energy Systems' stock?: ETFs with the largest weight of Orion Energy Systems (NASDAQ:OESX) stock in their portfolio include Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).
What is Mike Altschaefl's approval rating as Orion Energy Systems' CEO?: 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.

What other stocks do shareholders of Orion Energy Systems own?: 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).
What is Orion Energy Systems' stock symbol?: Orion Energy Systems trades on the NASDAQ under the ticker symbol "OESX."
Who are Orion Energy Systems' major shareholders?: Orion Energy Systems' stock is owned by many different institutional and retail investors. Top institutional shareholders include North Star Investment Management Corp. (8.63%), Tieton Capital Management LLC (7.15%), Renaissance Technologies LLC (4.13%), Acuitas Investments LLC (3.71%), Penbrook Management LLC (1.35%) and Dimensional Fund Advisors LP (0.71%). Insiders that own company stock include Anthony L Otten, Michael H Jenkins, Michael J Potts, Michael W Altschaefl and Scott A Green.
View institutional ownership trends.
How do I buy shares of Orion Energy Systems?: 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.
Compare Top Brokerages Here.
What is Orion Energy Systems' stock price today?: One share of OESX stock can currently be purchased for approximately $1.50.
How much money does Orion Energy Systems make?: Orion Energy Systems (NASDAQ:OESX) has a market capitalization of $46.13 million and generates $77.81 million in revenue each year. The electronics maker earns $6.09 million in net income (profit) each year or ($0.96) on an earnings per share basis.
How many employees does Orion Energy Systems have?: The company employs 213 workers across the globe.
How can I contact Orion Energy Systems?: 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.

This page (NASDAQ:OESX) was last updated on 6/3/2023 by MarketBeat.com Staff

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