New insider activity at Orion Energy Systems ( (OESX) ) has taken place on February 20, 2025.
Director Ellen Richstone has made a notable move by purchasing 13,000 shares of Orion Energy Systems stock, investing a total of $10,790.
Recent Updates on OESX stock
Orion Energy Systems has recently reported its fiscal 2025 third-quarter results, which were characterized by an improved gross margin and reduced net loss despite a decrease in overall revenue. The company has embarked on a strategic reorganization into two commercial business units aimed at enhancing customer service and streamlining operations. This restructuring is expected to improve operational efficiency and reduce the annual breakeven point. Additionally, Orion announced the acquisition of seven new LED lighting contracts with significant revenue potential, signaling growth opportunities. However, the company’s Q3 revenue fell due to project delays and economic uncertainties, impacting the fiscal 2025 revenue outlook. The mixed sentiment from the earnings call reflects progress tempered by ongoing challenges. The forward-looking guidance remains optimistic, projecting double-digit revenue growth and positive adjusted EBITDA for fiscal 2026, driven by cost reductions and strategic reorganization.
More about Orion Energy Systems
YTD Price Performance: -1.19%
Average Trading Volume: 75,126
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $27.35M