Orion Energy Systems, Inc. (NASDAQ:OESX – Free Report) – Equities research analysts at HC Wainwright boosted their Q3 2027 earnings per share (EPS) estimates for shares of Orion Energy Systems in a research report issued on Friday, November 6th. HC Wainwright analyst A. Dayal now forecasts that the electronics maker will post earnings per share of $0.15 for the quarter, up from their prior estimate of ($0.05). HC Wainwright has a “Buy” rating and a $30.00 price target on the stock. The consensus estimate for Orion Energy Systems’ current full-year earnings is $0.23 per share. HC Wainwright also issued estimates for Orion Energy Systems’ Q4 2027 earnings at $0.24 EPS, FY2027 earnings at $0.66 EPS, FY2029 earnings at $1.27 EPS, FY2030 earnings at $1.91 EPS and FY2031 earnings at $2.63 EPS.
Other analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Orion Energy Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Wall Street Zen lowered shares of Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Craig Hallum restated a “buy” rating and set a $43.00 target price on shares of Orion Energy Systems in a report on Tuesday, September 15th. Finally, Zacks Research downgraded shares of Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.50.
Get Our Latest Stock Analysis on Orion Energy Systems
Orion Energy Systems Trading Up 5.8%
NASDAQ OESX opened at $13.24 on Tuesday. Orion Energy Systems has a 52 week low of $8.58 and a 52 week high of $31.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.54. The stock’s 50 day moving average price is $24.49 and its two-hundred day moving average price is $15.03. The stock has a market capitalization of $54.15 million, a price-to-earnings ratio of -165.48 and a beta of 0.93.
Institutional Investors Weigh In On Orion Energy Systems
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in Orion Energy Systems by 60.1% during the first quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock worth $211,000 after buying an additional 9,058 shares during the last quarter. Sei Investments Co. lifted its stake in Orion Energy Systems by 114.3% in the first quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock valued at $1,137,000 after acquiring an additional 69,387 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Orion Energy Systems by 32.4% in the first quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock valued at $1,560,000 after acquiring an additional 43,693 shares during the last quarter. Tieton Capital Management LLC acquired a new stake in Orion Energy Systems in the second quarter valued at $3,326,000. Finally, AIGH Capital Management LLC bought a new position in shares of Orion Energy Systems in the 3rd quarter valued at about $12,414,000. Institutional investors own 52.59% of the company’s stock.
About Orion Energy Systems
Orion Energy Systems, Inc (NASDAQ: OESX) is an energy-efficiency technology company that designs, manufactures and delivers lighting and energy-management solutions for commercial and industrial facilities. Its offerings are intended to help organizations improve illumination, reduce energy consumption and modernize building operations.
The company’s products and services include LED lighting fixtures and retrofit systems, intelligent lighting controls, and related energy-management technologies.
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