Orion Energy Systems (OESX) Receives a Buy from H.C. Wainwright


H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Orion Energy Systems (OESX) today and set a price target of $1.75. The company’s shares closed yesterday at $0.93.

According to TipRanks.com, Dayal is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -11.3% and a 35.7% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and UQM Technologies Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Orion Energy Systems with a $1.38 average price target.

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Based on Orion Energy Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $662K. In comparison, last year the company had a GAAP net loss of $1.43 million.

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Orion Energy Systems, Inc. engages in the design, development, and trade of lighting systems and retrofit lighting solutions. It operates through the following segments: U.S. Markets; Engineered Systems and Distribution Services. The U.S. Markets segment produces and sells commercial lighting and energy management systems to the wholesale contractors.

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