Orion Energy Systems (NASDAQ:OESX) Issues Quarterly Earnings Results

Orion Energy Systems (NASDAQ:OESX) posted its earnings results on Wednesday. The electronics maker reported $0.47 EPS for the quarter, topping the consensus estimate of $0.07 by $0.40, FiscalAI reports. Orion Energy Systems had a negative net margin of 3.66% and a negative return on equity of 11.81%. The company had revenue of $25.74 million during the quarter, compared to the consensus estimate of $23.56 million.

Here are the key takeaways from Orion Energy Systems’ conference call:

• Orion reported a strong fiscal 2027 first quarter, with revenue up 32% year over year to $25.7 million, gross margin expanding to 34.6%, net income reaching $2.0 million, and adjusted EBITDA increasing to $2.5 million. This marked the company’s seventh consecutive quarter of positive adjusted EBITDA.
• Management maintained its fiscal 2027 outlook for $95 million-$97 million of revenue and positive adjusted EBITDA, while citing an improving sales pipeline and approximately $24 million of backlog exiting Q1. Growth is expected across automotive, retail, public-sector, EV charging, and industrial electrification projects.
• Orion has begun shipping its lighting solution to an initial hyperscale data-center customer, with individual buildings potentially representing seven-figure opportunities. Management said the data-center pipeline is developing, though the larger revenue ramp is expected later in fiscal 2027 and into fiscal 2028, with minimal additional fixed-asset investment required.
• EV charging revenue rose to $4.0 million, but segment gross margin declined to 26.9% from 33.8% a year earlier amid continued uncertainty in the U.S. EV market. Overall Q1 gross margin also benefited by roughly 130 basis points from tariff changes and refunds, and management expects normalized full-year gross margin in the 30%-32% range.

Orion Energy Systems Stock Performance

OESX traded up $5.66 on Wednesday, hitting $16.06. The company had a trading volume of 675,210 shares, compared to its average volume of 36,774. The stock has a market cap of $65.20 million, a price-to-earnings ratio of -17.46 and a beta of 0.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.41 and a quick ratio of 1.03. The company’s fifty day moving average price is $10.31 and its 200 day moving average price is $10.91. Orion Energy Systems has a 1-year low of $5.60 and a 1-year high of $18.64.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OESX shares. Weiss Ratings lowered shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 14th. Wall Street Zen downgraded shares of Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.00.

Hedge Funds Weigh In On Orion Energy Systems

A number of institutional investors have recently modified their holdings of the company. Marshall Wace LLP bought a new position in shares of Orion Energy Systems in the fourth quarter valued at approximately $706,000. NewEdge Advisors LLC bought a new stake in shares of Orion Energy Systems during the 4th quarter worth $232,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Orion Energy Systems during the 4th quarter worth $202,000. Institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.