HC Wainwright Has Strong Forecast for OESX FY2028 Earnings

Orion Energy Systems, Inc. (NASDAQ:OESX) – HC Wainwright increased their FY2028 earnings per share (EPS) estimates for Orion Energy Systems in a research note issued to investors on Thursday, August 6th. HC Wainwright analyst A. Dayal now expects that the electronics maker will earn $0.50 per share for the year, up from their prior estimate of $0.41. HC Wainwright has a “Buy” rating and a $30.00 price objective on the stock. The consensus estimate for Orion Energy Systems’ current full-year earnings is $0.25 per share.

Other equities analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Orion Energy Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday. Weiss Ratings raised shares of Orion Energy Systems from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Finally, Wall Street Zen downgraded shares of Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $30.00.

Orion Energy Systems Price Performance

NASDAQ OESX opened at $17.58 on Friday. The company has a 50-day moving average price of $10.47 and a 200-day moving average price of $10.91. Orion Energy Systems has a 52 week low of $5.60 and a 52 week high of $19.93. The company has a quick ratio of 1.03, a current ratio of 1.41 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $71.32 million, a P/E ratio of -351.60 and a beta of 0.77.

Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.40. The business had revenue of $25.74 million for the quarter, compared to analysts’ expectations of $23.56 million. Orion Energy Systems had a return on equity of 12.86% and a net margin of 0.04%.

Institutional Trading of Orion Energy Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in shares of Orion Energy Systems in the fourth quarter worth $202,000. NewEdge Advisors LLC lifted its stake in shares of Orion Energy Systems by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock valued at $211,000 after buying an additional 9,058 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Orion Energy Systems during the 4th quarter valued at $706,000. Sei Investments Co. boosted its holdings in Orion Energy Systems by 114.3% in the 1st quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock worth $1,137,000 after buying an additional 69,387 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Orion Energy Systems by 32.4% in the 1st quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock worth $1,560,000 after buying an additional 43,693 shares during the period. 52.59% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Orion Energy Systems

Here are the key news stories impacting Orion Energy Systems this week:

• Positive Sentiment: Strong earnings and revenue beat: Orion reported quarterly EPS of $0.47, compared with the consensus estimate of $0.07, and revenue of $25.74 million versus expectations of $23.56 million. Revenue increased 32% year over year, while the company reported approximately $2 million in net income, a significant improvement from the year-ago loss. Orion Reports First Quarter Financial Results
• Positive Sentiment: Growth outlook supported by new businesses: Management projected fiscal 2027 revenue of $95 million to $97 million, broadly in line with the $96.3 million analyst consensus. The outlook includes continued scaling of the company’s electric-vehicle charging business and early data-center wins, offering potential for additional growth. Orion Fiscal 2027 Revenue Outlook
• Neutral Sentiment: The earnings surprise and return to profitability have attracted substantial investor attention, with trading volume well above Orion’s typical average. However, the company’s valuation and longer-term profitability remain difficult to assess because reported profitability metrics have been inconsistent and the stock remains volatile.
• Negative Sentiment: Zacks downgrade: Zacks Research lowered Orion Energy Systems from “hold” to “strong sell.” The downgrade could temper bullish sentiment and raise concerns about whether the recent earnings improvement can be sustained. Zacks

About Orion Energy Systems

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.