Orion Energy Sys (NASDAQ:OESX) Stock, Quote.Headers.trade-ideas

Orion Energy Sys

Orion Energy Systems Inc is a developer, manufacturer, and seller of lighting and energy management systems. The company segments include Orion Lighting Segment, Orion Maintenance Segment and Orion Electric Vehicle Charging Segment. It derives maximum revenue from Lighting Segment.

Orion Energy Systems

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Orion Energy Systems, Inc.&#39;s (NASDAQ: OESX) electric vehicle charging solutions division, Voltrek, secured more than $11 million of open construction services contracts from Eversource Energy under its ‘EV Make Ready&#39; program.

Orion&#39;s (OESX) Voltrek Wins $11M Eversource Energy Contracts

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Orion Energy Misses Q4 Earnings Consensus On Unfavorable Mix

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	Applied UV, Inc.  (NASDAQ: AUVI) shares rose 44.6% to $0.69 in pre-market trading after posting better-than-expected quarterly sales.


Why Microvast Holdings Shares Are Trading Lower By Around 22%; Here Are 20 Stocks Moving Premarket

Orion Energy Systems, Inc. - Common Stock

Orion Energy Systems Inc

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Orion Energy Systems shares are trading higher after the company announced it was awarded projects totaling more than $2M From automotive OEM customer

Orion Secures Over $2M In LED Lighting Retrofit Projects From Leading U.S. Automotive OEM, Covering Installation And Commissioning Across Multiple Manufacturing Facilities

HC Wainwright &amp; Co. analyst Amit Dayal reiterates Orion Energy Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OESX#NASDAQ">OESX</a>) with a Buy and maintains $3 price target.

Price Target

Reiteration

Analyst Ratings

HC Wainwright & Co. Reiterates Buy on Orion Energy Sys, Maintains $3 Price Target

Business Outlook
Having achieved top-line growth of 13.0% in Q1&rsquo;25, Orion is reiterating its FY 2025 consolidated revenue growth target of 10-15%. This outlook is based on expected revenue from large national LED lighting projects in the automotive, retail, technology, logistics/distribution, financial and public sectors, as well as continued strength from its ESCO and agent partners who are responding favorably to the quality, energy efficiency and value of Orion&rsquo;s LED lighting products.
Orion expects robust growth in its Voltrek EV charging solutions business to continue, driven by existing project contracts, a growing pipeline of opportunities developed by its expanded team, and synergies with Orion&rsquo;s other businesses. Voltrek is a leader in the EV charging solutions business, with over 12 years&rsquo; experience completing projects in 29 states and counting.

Orion Energy Reaffirms FY25 Sales Outlook Of $99.639M-$104.168M Vs $101.56M Estimate

Orion Energy Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OESX#NASDAQ">OESX</a>) reported quarterly losses of $(0.12) per share which met the analyst consensus estimate. This is a 42.86 percent increase over losses of $(0.21) per share from the same period last year. The company reported quarterly sales of $19.900 million which beat the analyst consensus estimate of $19.300 million by 3.11 percent. This is a 12.98 percent increase over sales of $17.613 million the same period last year.

Earnings

Earnings Beats

Orion Energy Q1 2025 GAAP EPS $(0.12), Inline, Sales $19.900M Beat $19.300M Estimate

<h3>Gainers</h3>
<ul>
<li>Nano Nuclear Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) stock rose 28.8% to $14.95 during Thursday's regular session. The company's market cap stands at $432.7 million. </li>
<li>Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) shares increased by 21.33% to $0.39. The company's market cap stands at $32.2 million. </li>
<li>BEST (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEST#NYSE">BEST</a>) shares increased by 15.65% to $2.66. The company's market cap stands at $53.4 million. </li>
<li>Orion Energy Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OESX#NASDAQ">OESX</a>) stock increased by 12.71% to $1.33. The market value of their outstanding shares is at $43.3 million. </li>
<li>Smart Powerr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREG#NASDAQ">CREG</a>) stock moved upwards by 12.38% to $1.09. The company's market cap stands at $9.1 million. </li>
<li>Sun Country Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCY#NASDAQ">SNCY</a>) shares increased by 10.89% to $11.4. The market value of their outstanding shares is at $600.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Li-Cycle Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LICY#NYSE">LICY</a>) stock decreased by 23.2% to $4.2 during Thursday's regular session. The company's market cap stands at $94.4 million. </li>
<li>Nikola (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) stock fell 22.75% to $0.37. The company's market cap stands at $503.9 million. </li>
<li>374Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCWO#NASDAQ">SCWO</a>) shares decreased by 21.73% to $0.92. The company's market cap stands at $121.5 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock declined by 17.56% to $0.57. The market value of their outstanding shares is at $49.2 million. </li>
<li>Desktop Metal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DM#NYSE">DM</a>) stock decreased by 16.08% to $4.17. The market value of their outstanding shares is at $137.8 million. </li>
<li>Freight Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRGT#NASDAQ">FRGT</a>) shares fell 14.67% to $0.36. The company's market cap stands at $1.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Thursday's Intraday Session

Orion Continues To Target FY25 Revenue Growth Of 10%-15% On A Consolidated Basis Compared To FY24

Orion Energy Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OESX#NASDAQ">OESX</a>) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $(0.07) by 171.43 percent. This is a 131.25 percent increase over losses of $(0.16) per share from the same period last year. The company reported quarterly sales of $26.41 million which missed the analyst consensus estimate of $28.98 million by 8.86 percent. This is a 22.11 percent increase over sales of $21.63 million the same period last year.

Earnings Misses

Orion Energy Sys Q4 EPS $0.05 Beats $(0.07) Estimate, Sales $26.41M Miss $28.98M Estimate

Orion Energy Systems, Inc.&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oesx#NASDAQ">OESX</a>) electric vehicle&nbsp;charging solutions division, Voltrek, secured more than $11 million of open construction services contracts from Eversource Energy under its &lsquo;EV Make Ready&#39; program. These contracts were finalized in the fiscal 2024 and represent more than 25 individual projects. 
These projects, previously part of Orion&#39;s revenue outlook, are now contracted and slated for execution within the company&#39;s fiscal year 2025 (starting Apr 1, 2024). They involve Level 2 and Level 3 chargers, serving various needs such as public, workplace and fleet charging applications. This reflects the growing demand for EV charging solutions. This reflects the growing demand for EV charging solutions, marking significant progress in OESX&#39;s EV charging business and reaffirming Voltrek&#39;s position as a trusted industry partner.
<h3>Focus on EV Charging Business</h3>
The company&#39;s EV Segment provides leading expertise in electric vehicle charging, offering sales, installation of sourced charging stations, and related software subscriptions and renewals. It also delivers turnkey installation solutions with ongoing support to all commercial verticals. 
During third-quarter fiscal 2023, the company&#39;s Voltrek EV charging solutions revenues remained flat compared with the year-ago period&#39;s levels. It declined sequentially, primarily due to the variability and timing of larger projects. However, OESX is witnessing promising progress in the development of its long-term EV charging project pipeline as it engages with new and existing customers to meet their EV charging needs. 
OESX has made significant progress in expanding the Voltrek team and its geographic coverage to cater to the needs of large national customers. The company enjoys a broader customer base and opportunities, leading to growth in its project pipeline, which currently exceeds $50 million. It anticipates some variability in the quarter-over-quarter performance of this segment due to the timing of expected larger regional and national projects.
<h3>Price Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/8c/64282.jpg?v=1041756208" /> 
Image Source: Zacks Investment Research
The company&#39;s shares have dropped 7.1% in the past three months against the Zacks Building Products-Lightning industry&#39;s growth of 27.7%. The company has been facing significant inflationary pressures in the past several quarters, leading to many older contracts becoming unprofitable. In response to higher costs, OESX increased its pricing to align its profit margin more closely with its overall business.
<h3>Zacks Rank &amp; Key Picks</h3>
Orion currently carries a Zacks Rank #3 (Hold). 
Here are some better-ranked stocks from the Zacks Construction sector: 
Vulcan Materials Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vmc#NYSE">VMC</a>) currently sports a Zacks Rank of #1 (Strong Buy). 
VMC delivered a trailing four-quarter earnings surprise of 19.5%, on average. The stock has gained 29.9% in the past six months. The Zacks Consensus Estimate for VMC&#39;s 2024 sales and earnings per share (ETF:EPS) indicates an improvement of 1.3% and 19.7%, respectively, from a year ago. 
Sterling Infrastructure, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strl#NASDAQ">STRL</a>) presently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 20.4%, on average. Shares of STRL have increased 45.3% in the past six months. 
The Zacks Consensus Estimate for STRL&#39;s 2024 sales and EPS indicates a rise of 11.7% and 11.4%, respectively, from the prior-year levels. 
NVR, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvr#NYSE">NVR</a>) currently sports a Zacks Rank #2 (Buy). NVR delivered a trailing four-quarter earnings surprise of 8.1%, on average. The stock has gained 33% in the past six months. 
The Zacks Consensus Estimate for NVR&#39;s 2024 sales and EPS indicates growth of 7.7% and 4.6%, respectively, from the prior-year levels.
<a href="https://www.zacks.com/stock/news/2250723/orion-s-oesx-voltrek-wins-11m-eversource-energy-contracts?cid=CS-BENZ-FT-analyst_blog|company_news_-_corporate_actions-2250723">To read this article on Zacks.com click here.</a>

Orion's (OESX) Voltrek Wins $11M Eversource Energy Contracts

Contracts

Voltrek Secures Over $11M Of EV Charging Construction Services Contracts

Orion Energy Systems' Voltrek EV Charging Business Announces Project Involving Installation Of 43 EV Chargers

HC Wainwright &amp; Co. analyst Amit Dayal maintains Orion Energy Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OESX#NASDAQ">OESX</a>) with a Buy and lowers the price target from $7 to $3.

HC Wainwright & Co. Maintains Buy on Orion Energy Sys, Lowers Price Target to $3

Business&nbsp;Outlook
<ul>
<li>Orion expects FY 2024 revenue growth between&nbsp;16%&nbsp;and&nbsp;23%&nbsp;to a range of approximately&nbsp;$90M&nbsp;to&nbsp;$95M. This&nbsp;outlook&nbsp;implies&nbsp;Q4&#39;24 revenue in the range of&nbsp;$26M&nbsp;to&nbsp;$31M&nbsp;compared to&nbsp;$21.6M&nbsp;in&nbsp;Q4&#39;23.</li>
<li>Growth over the balance of FY 2024 is primarily expected from large national LED lighting projects including the European retrofit project, an external lighting project for Orion&#39;s largest customer, and projects for a large warehouse/logistics sector customer. Additionally, Orion expects growth in EV charging solutions driven by its current project pipeline. Maintenance services are expected to decrease slightly over the balance of FY 2024, reflecting the likely impact of new pricing on certain legacy customer renewal discussions.</li>
<li>On a preliminary basis, Orion is targeting growth in FY 2025 in the range of&nbsp;10-15%&nbsp;on a consolidated basis (recognizing the completion of the large DOD project and top-line headwinds in the maintenance business) and will update its&nbsp;outlook&nbsp;when it reports full year results in early June.</li>
</ul>

Orion Expects Fiscal 2024 Revenue Growth Of 16%-23% To A Range Of ~$90M-$95M Vs. $97.5M Est; Sees Q4 Revenue In The Range Of $26M-$31M Vs. $32.31M Est.

Orion Energy Systems(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OESX#NASDAQ">OESX</a>) reported quarterly losses of $(0.07) per share which met the analyst consensus estimate. This is a 50 percent increase over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $26.00 million which missed the analyst consensus estimate of $27.03 million by 3.81 percent. This is a 28.15 percent increase over sales of $20.29 million the same period last year.

Orion Energy Systems Q3 EPS $(0.07), Inline, Sales $26.00M Miss $27.03M Estimate

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Earnings Scheduled For February 7, 2024

Orion Energy Systems Said On Jan 26, Received Written Notice From Nasdaq Notifying Co That It Had Regained Compliance With Bid Price Rule

Orion Announces Preliminary Q3 FY24 Revenue Of $25.8M-$26.2M (vs. Consensus $27.53<) And Expects FY24 Revenue Of $90M-$95M (vs. $99.94M Estimate)

On Dec 21, Orion Energy Systems Received Notice From Nasdaq That Co Is Not In Compliance With Minimum Bid Price Requirements For Continued Listing

<h3>Gainers</h3>
<ul>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares rose 9.8% to $0.56 during Thursday's after-market session. Earlyworks Co's trading volume hit 61.5K shares by close, accounting for 74.5% of its average volume over the last 100 days. The market value of their outstanding shares is at $8.4 million. </li>
<li>Mesa Air Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) shares rose 5.98% to $0.63. The company's market cap stands at $25.7 million. </li>
<li>iSun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISUN#NASDAQ">ISUN</a>) shares increased by 4.91% to $0.16. The company's market cap stands at $5.2 million. The company's, Q3 earnings came out 2 days ago. </li>
<li>ATIF Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATIF#NASDAQ">ATIF</a>) shares rose 4.58% to $1.14. The company's market cap stands at $10.9 million. </li>
<li>Orion Energy Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OESX#NASDAQ">OESX</a>) stock moved upwards by 3.55% to $0.96. The market value of their outstanding shares is at $31.3 million. </li>
<li>NuScale Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) shares increased by 3.03% to $2.38. The market value of their outstanding shares is at $182.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>ChargePoint Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) stock fell 18.9% to $2.54 during Thursday's after-market session. Today's trading volume for this security ended up closing at 1.1 million shares, which is 8.0 percent of its average volume over the last 100 days. The market value of their outstanding shares is at $1.0 billion. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock declined by 7.64% to $0.68. Trading volume for this security closed at 651.9K, accounting for 252.2% of its average full-day volume over the last 100 days. The company's market cap stands at $10.7 million. The company's, Q3 earnings came out 2 days ago. </li>
<li>JanOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) stock decreased by 4.86% to $0.38. The company's market cap stands at $1.5 million. </li>
<li>374Water (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCWO#NASDAQ">SCWO</a>) shares declined by 3.06% to $1.27. The market value of their outstanding shares is at $168.4 million. As per the press release, Q3 earnings came out 4 days ago. </li>
<li>Blink Charging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) stock fell 2.84% to $4.11. Trading volume for this security closed at 85.0K, accounting for 3.3% of its average full-day volume over the last 100 days. The company's market cap stands at $277.0 million. </li>
<li>Nuvve Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVVE#NASDAQ">NVVE</a>) shares declined by 2.61% to $0.16. The market value of their outstanding shares is at $7.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Orion Energy Systems Q1 2025 Earnings Preview

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Orion Energy Systems, Inc. (OESX) Q1 2025 Earnings Call Transcript

Analyst Amit Dayal from H.C. Wainwright maintained a Buy rating on Orion Energy Systems (OESX – Research Report) and keeping the price target at $3...

Orion Energy Systems: A Strong Buy on Robust FY2025 Start and Favorable Market Dynamics

Orion Energy Systems, Inc. 2025 Q1 - Results - Earnings Call Presentation

Orion secures over $2M in LED lighting retrofit projects from U.S. automotive OEM

Press Releases

General

Voltrek Successfully Secures More Than $11 Million of EV Charging Construction Services Work

LED Lighting and EV Charging Solutions Provider Orion Previews FY 2024 Results in Anticipation of its Singular Research Webinar Presentation Wed. May 22 at 3pm ET

LED Lighting, EV Charging and Maintenance Solutions Provider Orion Hosts Q4 Call Thurs., June 6th at 10am ET

Orion's Q4'24 Revenue Rose 22% to $26.4M; FY'24 Revenue of $90.6M Driven by Growth Across LED Lighting, EV Charging and Maintenance Businesses; Targets FY 2025 Revenue Growth of 10-15%

Management

LED Lighting and EV Charging Solutions Provider Orion to Participate in Virtual Fireside Chat at Noble Capital Markets Virtual Equity Conference Wed. June 26 at 12:30pm ET

LED Lighting, EV Charging Solutions and Maintenance Services Provider Orion Hosts Q1 Call Wed., Aug. 7th at 10am ET

Orion's Q1'25 Revenue Rose 13% vs Q1'24 to $19.9M Driven by Strength in EV Charging Projects; Maintains FY 2025 Revenue Growth Target of 10-15%

LED Lighting and EV Charging Solutions Provider Orion to Present at Sidoti Virtual Microcap Conf. Wednesday, August 14th at 12:15pm ET

LED Lighting and EV Charging Solutions Provider Orion Energy Systems to Attend H.C. Wainwright Investment Conference Sept. 9th and 10th in New York City

Orion Secures Over $2 Million in LED Lighting Retrofit Projects from Leading U.S. Automotive OEM

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Orion Energy Sys

Orion Energy Sys (OESX) Forecast

Orion Energy Sys (NASDAQ:OESX) Stock, Quote.Headers.trade-ideas