HC Wainwright Has Bullish Outlook for OESX FY2028 Earnings

Orion Energy Systems, Inc. (NASDAQ:OESX) – Stock analysts at HC Wainwright upped their FY2028 earnings per share (EPS) estimates for Orion Energy Systems in a report issued on Friday, June 5th. HC Wainwright analyst A. Dayal now expects that the electronics maker will earn $0.41 per share for the year, up from their previous forecast of $0.36. The consensus estimate for Orion Energy Systems’ current full-year earnings is $0.33 per share. HC Wainwright also issued estimates for Orion Energy Systems’ FY2029 earnings at $0.83 EPS, FY2030 earnings at $1.30 EPS and FY2031 earnings at $1.77 EPS.

Several other brokerages also recently weighed in on OESX. Weiss Ratings downgraded Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 14th. Wall Street Zen cut Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Orion Energy Systems has an average rating of “Hold” and a consensus target price of $17.50.

Orion Energy Systems Price Performance

Shares of NASDAQ OESX opened at $9.52 on Monday. Orion Energy Systems has a 1-year low of $5.50 and a 1-year high of $18.64. The business has a 50-day moving average of $9.42 and a 200-day moving average of $12.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.41 and a quick ratio of 1.03. The company has a market capitalization of $38.65 million, a price-to-earnings ratio of -10.35 and a beta of 0.79.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Thursday, June 4th. The electronics maker reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.53). Orion Energy Systems had a negative return on equity of 11.81% and a negative net margin of 3.66%.The company had revenue of $25.72 million during the quarter, compared to analysts’ expectations of $24.08 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. grew its holdings in Orion Energy Systems by 29.0% during the 1st quarter. North Star Investment Management Corp. now owns 525,552 shares of the electronics maker’s stock worth $4,593,000 after acquiring an additional 118,100 shares in the last quarter. Tieton Capital Management LLC grew its holdings in Orion Energy Systems by 0.6% during the 4th quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock worth $3,940,000 after acquiring an additional 1,580 shares in the last quarter. Grace & White Inc. NY grew its holdings in Orion Energy Systems by 9.2% during the 1st quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker’s stock worth $2,110,000 after acquiring an additional 20,400 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Orion Energy Systems by 32.4% during the 1st quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock worth $1,560,000 after acquiring an additional 43,693 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Orion Energy Systems by 114.3% during the 1st quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock worth $1,137,000 after acquiring an additional 69,387 shares in the last quarter. 52.59% of the stock is owned by institutional investors and hedge funds.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.