HC Wainwright Has Negative Forecast for OESX FY2029 Earnings

Orion Energy Systems, Inc. (NASDAQ:OESX) – Research analysts at HC Wainwright dropped their FY2029 earnings estimates for shares of Orion Energy Systems in a research report issued on Thursday, November 6th. HC Wainwright analyst A. Dayal now anticipates that the electronics maker will post earnings of $0.69 per share for the year, down from their previous estimate of $0.79. HC Wainwright currently has a “Buy” rating and a $20.00 target price on the stock. The consensus estimate for Orion Energy Systems’ current full-year earnings is ($0.32) per share.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings results on Wednesday, November 5th. The electronics maker reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.55. Orion Energy Systems had a negative return on equity of 62.99% and a negative net margin of 11.70%.The business had revenue of $19.92 million during the quarter, compared to the consensus estimate of $20.30 million. Orion Energy Systems has set its FY 2026 guidance at EPS.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Energy Systems in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Orion Energy Systems Stock Performance

Shares of NASDAQ OESX traded down $0.52 during trading on Friday, reaching $9.38. The stock had a trading volume of 10,725 shares, compared to its average volume of 14,750. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.84 and a current ratio of 1.23. The stock has a market cap of $31.23 million, a PE ratio of -3.23 and a beta of 1.04. Orion Energy Systems has a one year low of $5.50 and a one year high of $10.27. The firm’s 50 day moving average price is $8.74 and its two-hundred day moving average price is $7.26.

Institutional Trading of Orion Energy Systems

A number of large investors have recently modified their holdings of OESX. Thompson Davis & CO. Inc. bought a new stake in Orion Energy Systems in the 1st quarter valued at about $66,000. US Bancorp DE grew its position in Orion Energy Systems by 5.1% in the 1st quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock worth $577,000 after purchasing an additional 39,042 shares during the last quarter. Finally, Grace & White Inc. NY increased its stake in shares of Orion Energy Systems by 3.6% in the second quarter. Grace & White Inc. NY now owns 2,884,085 shares of the electronics maker’s stock valued at $1,731,000 after purchasing an additional 99,499 shares during the period. Institutional investors and hedge funds own 52.59% of the company’s stock.

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).