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Research analysts at Singular Research started coverage on shares of Orion Energy Systems (NASDAQ:OESX) in a report released on Wednesday, AmericanBankingNews.com reports. The firm set a “buy” rating and a $10.00 price target on the stock. Singular Research’s target price indicates a potential upside of 56.99% from the company’s current price.

Shares of Orion Energy Systems (NASDAQ:OESX) opened at 6.37 on Wednesday. Orion Energy Systems has a 1-year low of $1.95 and a 1-year high of $8.11. The stock has a 50-day moving average of $6.7 and a 200-day moving average of $4.82. The company has a market cap of $134.8 million and a price-to-earnings ratio of 46.39.

Separately, analysts at Ascendiant Capital Markets initiated coverage on shares of Orion Energy Systems in a research note to investors on Friday, December 20th. They set a “buy” rating on the stock.

Orion Energy Systems, Inc (NASDAQ:OESX) designs, manufactures, markets and implements energy management systems consisting of energy efficient lighting systems, controls and related services.

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