Craig-Hallum lowered the firm’s price target on Orion Energy to $2 from $3 and keeps a Buy rating on the shares. Orion Energy preannounced Q3 revenue below Street expectations and guided FY24 revenue below the previous range, the analyst tells investors in a research note. While below expectations, Q3 revenue was still a meaningful step up versus the previous six quarters which sets Orion up for further growth in FY25, the firm adds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on OESX:
- LED Lighting, EV Charging and Electrical Maintenance Provider Orion Announces Preliminary Q3’24 Revenue Growing to $25.8M-$26.2M and Improved Cash Position; Updates FY 2024 Anticipated Revenue Outlook to $90M-$95M
- Orion Energy sees Q4 revenue $26M-$31M, consensus $34.24M
- Orion Energy sees 2024 revenue $90M-$95M, consensus $99.94M
- Orion Energy sees Q3 revenue $25.8M-$26.2M, consensus $27.53M
- LED Lighting and EV Charging Solutions Provider Orion to Participate in Virtual Sidoti Microcap Conf. Weds & Thurs, Jan 17-18; Presentation Jan 18th at 10am ET
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue