New insider activity at Orion Energy Systems ( (OESX) ) has taken place on February 25, 2025.
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Director Ellen Richstone has made a significant investment in Orion Energy Systems by purchasing 20,000 shares of the company’s stock, with the transaction valued at $18,200.
Recent Updates on OESX stock
Orion Energy Systems has recently reported its fiscal 2025 third-quarter results, showcasing an improved gross margin and a reduced net loss despite a decline in overall revenue. The company has embarked on a strategic reorganization into two commercial business units to enhance focus and efficiency, which is expected to be fully implemented by FY 2026. Orion has secured seven new LED lighting contracts with a revenue potential of $100 million to $200 million over the next five years, indicating strong growth prospects. However, the company faces challenges with project timing and revenue declines, primarily due to delays in customer project starts and economic uncertainties. Orion’s EV charging segment, Voltrek, has shown impressive growth, with a 48% increase in revenue year-to-date. The company has also reduced its annual breakeven point and operating costs, aiming to improve financial resilience. Despite these positive developments, the halt on federal funding under the Electric Vehicle Infrastructure Act poses uncertainty for future growth in the EV segment. Orion remains cautiously optimistic about achieving double-digit revenue growth and positive adjusted EBITDA for fiscal 2026.
More about Orion Energy Systems
YTD Price Performance: 6.63%
Average Trading Volume: 77,995
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $29.69M