StockNews.com began coverage on shares of Orion Energy Systems (NASDAQ:OESX – Free Report) in a research report sent to investors on Friday. The brokerage issued a hold rating on the electronics maker’s stock.
Separately, HC Wainwright reissued a “buy” rating and set a $3.00 price target on shares of Orion Energy Systems in a report on Thursday, August 8th.
Orion Energy Systems Stock Up 2.7 %
Orion Energy Systems (NASDAQ:OESX – Get Free Report) last posted its earnings results on Wednesday, August 7th. The electronics maker reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01. The firm had revenue of $19.91 million during the quarter, compared to analysts’ expectations of $19.16 million. Orion Energy Systems had a negative net margin of 9.47% and a negative return on equity of 48.47%. During the same quarter in the prior year, the firm earned ($0.18) EPS. As a group, equities analysts expect that Orion Energy Systems will post -0.24 earnings per share for the current year.
Institutional Investors Weigh In On Orion Energy Systems
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OESX. Grace & White Inc. NY increased its position in shares of Orion Energy Systems by 0.5% during the 2nd quarter. Grace & White Inc. NY now owns 2,661,955 shares of the electronics maker’s stock valued at $2,955,000 after purchasing an additional 13,011 shares during the period. Tieton Capital Management LLC grew its holdings in Orion Energy Systems by 2.5% during the second quarter. Tieton Capital Management LLC now owns 2,186,931 shares of the electronics maker’s stock worth $2,427,000 after acquiring an additional 53,789 shares during the period. Finally, North Star Investment Management Corp. raised its position in Orion Energy Systems by 1.4% in the first quarter. North Star Investment Management Corp. now owns 3,868,702 shares of the electronics maker’s stock worth $3,367,000 after acquiring an additional 55,000 shares in 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).
Further Reading
- Five stocks we like better than Orion Energy Systems
- What is a SEC Filing?
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- Top Stocks Investing in 5G Technology
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- 3 Healthcare Dividend Stocks to Buy
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Receive News & Ratings for Orion Energy Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Energy Systems and related companies with MarketBeat.com's FREE daily email newsletter.