Orion Energy Systems’ (OESX) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Orion Energy Systems (NASDAQ:OESX) in a research note published on Wednesday morning,Benzinga reports. HC Wainwright currently has a $3.00 target price 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 assumed coverage on shares of Orion Energy Systems in a report on Friday, February 7th. They issued a “hold” rating for the company.

Orion Energy Systems Stock Performance

NASDAQ OESX opened at $0.83 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 0.93. Orion Energy Systems has a 1-year low of $0.68 and a 1-year high of $1.53. The business has a 50 day simple moving average of $0.81 and a two-hundred day simple moving average of $0.87. The stock has a market capitalization of $27.35 million, a PE ratio of -3.32 and a beta of 1.36.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Mariner LLC purchased a new position in shares of Orion Energy Systems during the 4th quarter worth about $35,000. Geode Capital Management LLC boosted its position in shares of Orion Energy Systems by 9.0% during the third quarter. Geode Capital Management LLC now owns 312,127 shares of the electronics maker’s stock valued at $268,000 after buying an additional 25,816 shares during the period. Tieton Capital Management LLC grew its stake in shares of 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 buying an additional 541,773 shares during the last quarter. Grace & White Inc. NY raised its holdings in shares of Orion Energy Systems by 1.9% in the fourth quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock worth $2,197,000 after buying an additional 50,138 shares during the period. Finally, North Star Investment Management Corp. lifted its stake in shares of Orion Energy Systems by 1.2% during the 3rd quarter. North Star Investment Management Corp. now owns 3,933,002 shares of the electronics maker’s stock worth $3,370,000 after acquiring an additional 47,300 shares during the last quarter. Institutional investors 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).