H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Orion Energy Systems (NYSE MKT: OESX) today and set a price target of $1.75. The company’s shares closed yesterday at $0.86.
According to TipRanks.com, Dayal is a 1-star analyst with an average return of -1.1% and a 36.9% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Pointer Telocation Ltd, and Pacific Ethanol.
Orion Energy Systems has an analyst consensus of Moderate Buy, with a price target consensus of $1.75.
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Based on Orion Energy Systems’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $1.46 million. In comparison, last year the company had a GAAP net loss of $7.29 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; Distribution Services; and Corporate and Other.
