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Orion Energy Systems, Inc. (OESX)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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7.27+0.02 (+0.28%)
At close: 4:00PM EDT

7.46 +0.19 (2.61%)
After hours: 7:33PM EDT

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Previous Close7.25
Open7.50
Bid7.35 x 900
Ask7.34 x 1000
Day's Range7.20 - 7.50
52 Week Range2.61 - 9.30
Volume321,578
Avg. Volume499,050
Market Cap222.643M
Beta (5Y Monthly)2.18
PE Ratio (TTM)35.81
EPS (TTM)0.20
Earnings DateNov 02, 2020 - Nov 06, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est8.63
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  • Orion Secures Approximately $41 Million in Contract Extensions Expanding Turnkey LED Lighting & Controls Retrofit Project for Major National Retail Customer by 295 Additional Locations
    GlobeNewswire

    Orion Secures Approximately $41 Million in Contract Extensions Expanding Turnkey LED Lighting & Controls Retrofit Project for Major National Retail Customer by 295 Additional Locations

    Orion Also Awarded Projects as the Lighting & Controls Partner for Retailer’s New Store Construction ProjectsMANITOWOC, Wis., Oct. 20, 2020 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), is a provider of LED lighting systems and turnkey project implementation including installation and commissioning of fixtures, controls and IoT systems, ongoing system maintenance and program management. Today, Orion announced it has secured new contract extensions of approximately $41 million for the retrofit of 295 additional locations, representing the next phase of a turnkey LED lighting and controls retrofit project for an existing large national retail customer. The retailer has also awarded Orion projects as the lighting and controls partner for certain new construction projects. The retrofit contract extensions represent an acceleration of the anticipated pace of retrofit activity for the customer. Orion had previously noted that it expected to secure awards for the retrofit of additional locations, in addition to the completion of retrofits for locations delayed due to COVID-19. After recent contract extensions, Orion now expects to complete the retrofit of at least 400 locations before the close of its fiscal year ending March 31, 2021, representing a total of approximately $56M in product and services revenue.Orion is optimistic of being selected to complete the retrofit of the retailer’s remaining locations during Q4 of Fiscal 2021 and during Fiscal 2022. Upon completion of the 400 stores referenced in today’s press release, Orion will have completed LED lighting and controls retrofits of approximately 1,280 of this customer’s locations nationwide.The turnkey retrofit projects include the installation of LED lighting fixtures along with state-of-the-art IoT control integration, to deliver enhanced functionality and data gathering capabilities designed to help facility managers enhance operating performance. Contract services include initial energy audits, project engineering, custom fixture design, fixture manufacturing, IoT enabled control systems, IoT system commissioning and full project management through installation at customer locations nationwide.Mike Altschaefl, Orion’s Board Chair and CEO, commented, “Today’s additional contract extensions further confirm the value of Orion’s proven, turnkey design-build-install capabilities for customized, highly energy-efficient, U.S.-manufactured LED lighting solutions, delivered on-time and on-budget. Importantly, our growing record of success in executing large national projects creates a unique and compelling value proposition that is a principal focus of our growth strategy and our direct sales efforts.”About Orion Energy Systems Orion is a provider of LED lighting systems and turnkey project implementation including installation and commissioning of fixtures, controls and IoT solutions, ongoing system maintenance and program management, helping customers to digitize their business and reduce their carbon footprint.Safe Harbor Statement Certain matters discussed in this press release, are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "would" or words of similar import. Similarly, statements that describe our future plans, objectives or goals, including business relationships with government customers, are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected including, but not limited to, the risks described in our filings with the Securities and Exchange Commission.Shareholders, potential investors and other readers are urged to consider risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at http://www.sec.gov or at http://investor.oriones.com/ in the Investor Relations section of our Website. Except as required by applicable law, we assume no obligation to update any forward-looking statements publicly or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. Twitter: @OrionLighting and @OrionLightingIR StockTwits: @Orion_LED_IRInvestor Relations Contacts:  Bill Hull, CFOWilliam Jones; David Collins Orion Energy Systems, Inc.Catalyst IR bhull@oesx.com(212) 924-9800  oesx@catalyst-ir.com

  • GlobeNewswire

    LED Lighting, Controls and Energy Project Solutions Provider Orion Names Veteran Finance Executive Per Brodin to Succeed Bill Hull as CFO

    MANITOWOC, Wisc., Oct. 15, 2020 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of LED lighting systems and turnkey project implementation, including commissioning and installation of fixtures, controls and IoT systems, ongoing system maintenance and program management, today announced the appointment of J. Per Brodin, an accomplished finance executive and public company CFO, to succeed CFO William T. “Bill” Hull. Mr. Brodin joins Orion on Monday, October 19th and will assume the Chief Financial Officer role following Mr. Hull’s previously announced retirement. Mr. Brodin has over 30 years of experience as a financial executive spanning public accounting, CFO and finance roles in a range of industries, including more than ten years as a CFO of publicly registered companies. Most recently Mr. Brodin served as Interim CFO for Fleet Farm, a KKR-owned retailer with 46 stores in six Midwest states. He has also served as CFO for Shopko Stores, a general merchandise retailer, ATI Physical Therapy, Claire’s Stores and Centene Corporation. Mr. Brodin began his career at Arthur Andersen and took his first corporate position with May Department Stores as Vice President, Accounting and Reporting in 2002.Mike Altschaefl, Orion’s CEO and Board Chair, commented, “On behalf of our Board and the entire team, we are excited to welcome Per to Orion and are very pleased to have found a senior financial executive with such a broad range of relevant skills, experience and accomplishment, often at far larger enterprises, to guide and support Orion’s continued growth and success. To ensure the best possible transition in the CFO role, we are pleased that Per and Bill will be able to overlap for a few weeks prior to Bill’s retirement. We are grateful to Bill for his contributions to Orion over the past five years and for his care in transitioning his role and ensuring a strong replacement is firmly in place.”Mr. Brodin added, “Having spent a good deal of time with the management team and Board, I am very pleased to join such an impressive, successful and growing company as Orion at such an exciting time. Orion has forged a remarkable combination of products, services and customer commitment that has proven to be a powerful differentiator in the broader LED lighting, controls and services market. I am confident that my background and experience are a solid match with Orion’s existing leadership, and I am very excited by the challenge of further extending Orion’s customer footprint, along with its operating and financial success.”About Orion Energy Systems Orion is a manufacturer of LED lighting systems and manages turnkey project implementation including commissioning and installation of fixtures, controls and IoT solutions, ongoing system maintenance and program management, helping customers to digitize their business and reduce their carbon footprint.Safe Harbor Statement Certain matters discussed in this press release, are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "would" or words of similar import. Similarly, statements that describe our future plans, objectives or goals, including business relationships with government customers, are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected including, but not limited to, the risks described in our filings with the Securities and Exchange Commission.Shareholders, potential investors and other readers are urged to consider risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at http://www.sec.gov or at http://investor.oriones.com/ in the Investor Relations section of our Website. Except as required by applicable law, we assume no obligation to update any forward-looking statements publicly or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. Twitter: @OrionLighting and @OrionLightingIR StockTwits: @Orion_LED_IRInvestor Relations Contacts: Bill Hull, CFO William Jones; David Collins Orion Energy Systems, Inc. Catalyst IR bhull@oesx.com (212) 924-9800   oesx@catalyst-ir.com

  • Orion Energy Systems Unveils New Video Tour of its LED Lighting Production Facility in Wisconsin
    News Direct

    Orion Energy Systems Unveils New Video Tour of its LED Lighting Production Facility in Wisconsin

    Orion Provides Turnkey LED Lighting Project Management Solutions