HC Wainwright Issues Pessimistic Forecast for OESX Earnings

Orion Energy Systems, Inc. (NASDAQ:OESX) – Analysts at HC Wainwright dropped their FY2028 earnings per share estimates for shares of Orion Energy Systems in a research note issued to investors on Wednesday, February 12th. HC Wainwright analyst A. Dayal now anticipates that the electronics maker will earn $0.10 per share for the year, down from their prior estimate of $0.12. HC Wainwright currently has a “Buy” rating and a $3.00 target price on the stock. The consensus estimate for Orion Energy Systems’ current full-year earnings is ($0.30) per share. HC Wainwright also issued estimates for Orion Energy Systems’ FY2029 earnings at $0.21 EPS.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data 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%.

Separately, StockNews.com started coverage on Orion Energy Systems in a report on Saturday. They set a “hold” rating for the company.

Orion Energy Systems Price Performance

OESX opened at $0.83 on Friday. The stock has a market capitalization of $27.32 million, a P/E ratio of -3.32 and a beta of 1.36. Orion Energy Systems has a 12-month low of $0.68 and a 12-month high of $1.53. The stock has a 50-day moving average price of $0.81 and a 200-day moving average price of $0.87. The company has a current ratio of 1.49, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77.

Institutional Investors Weigh In On Orion Energy Systems

Several institutional investors have recently bought and sold shares of OESX. Tieton Capital Management LLC boosted its holdings in Orion Energy Systems by 25.6% during the 4th quarter. Tieton Capital Management LLC now owns 2,661,853 shares of the electronics maker’s stock valued at $2,130,000 after acquiring an additional 541,773 shares during the period. Grace & White Inc. NY raised its position in Orion Energy Systems by 1.9% during the 4th quarter. Grace & White Inc. NY now owns 2,745,544 shares of the electronics maker’s stock valued at $2,197,000 after purchasing an additional 50,138 shares during the last quarter. North Star Investment Management Corp. raised its position in 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 valued at $3,370,000 after purchasing an additional 47,300 shares during the last quarter. Mariner LLC bought a new position in Orion Energy Systems during the 4th quarter valued at approximately $35,000. Finally, Geode Capital Management LLC raised its position in 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 valued at $268,000 after purchasing an additional 25,816 shares during the last quarter. 52.59% of the stock is currently owned by hedge funds and other 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).