Orion Energy Systems (NASDAQ:OESX) Earns Buy Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Orion Energy Systems (NASDAQ:OESX) in a research report sent to investors on Wednesday morning,Benzinga reports. HC Wainwright currently has a $3.00 price objective on the electronics maker’s stock. HC Wainwright also issued estimates for Orion Energy Systems’ FY2028 earnings at $0.10 EPS and FY2029 earnings at $0.21 EPS.

Separately, StockNews.com began coverage on shares of Orion Energy Systems in a research report on Friday, February 7th. They issued a “hold” rating for the company.

Orion Energy Systems Stock Up 2.5 %

Shares of NASDAQ:OESX opened at $0.83 on Wednesday. The business’s 50 day moving average is $0.81 and its 200 day moving average is $0.87. The stock has a market cap of $27.35 million, a P/E ratio of -3.32 and a beta of 1.36. Orion Energy Systems has a 52-week low of $0.68 and a 52-week high of $1.53. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 0.77.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings results on Tuesday, February 11th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Orion Energy Systems had a negative return on equity of 48.81% and a negative net margin of 8.76%. Sell-side analysts predict that Orion Energy Systems will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Tieton Capital Management LLC boosted its position in Orion Energy Systems by 25.6% during the fourth quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after purchasing an additional 541,773 shares in the last quarter. Grace & White Inc. NY lifted its position in shares of Orion Energy Systems by 1.9% during the fourth quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after buying an additional 50,138 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Orion Energy Systems by 1.2% in the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock valued at $3,370,000 after buying an additional 47,300 shares in the last quarter. Mariner LLC purchased a new position in shares of Orion Energy Systems in the 4th quarter worth approximately $35,000. Finally, Geode Capital Management LLC raised its stake in shares of Orion Energy Systems by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock worth $268,000 after acquiring an additional 25,816 shares in the last quarter. 52.59% of the stock is owned by institutional investors.

About Orion Energy Systems

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).