Orion Energy Systems (NASDAQ:OESX) Shareholders Still Face 84% Loss Over Five Years Despite 40% Surge This Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 16 2025
0mins
Should l Buy OESX?
Source: Yahoo Finance
Recent Share Price Performance: Orion Energy Systems, Inc. has seen a 130% increase in share price over the last quarter, but long-term holders have experienced an 84% decline over the past five years, raising concerns about the company's ability to sustain recovery.
Revenue and Profitability Concerns: The company has not been profitable in the last twelve months and has seen a 10% annual decline in revenue over the past five years, indicating a challenging financial outlook.
Shareholder Returns: Despite the long-term struggles, shareholders have experienced a total return of 66% over the past year, suggesting a potential positive shift in the company's performance.
Cautionary Notes: Investors should be aware of two warning signs identified with Orion Energy Systems and consider the importance of diversification in their investment strategies.
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Analyst Views on OESX
Wall Street analysts forecast OESX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OESX is 20.00 USD with a low forecast of 20.00 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 13.220
Low
20.00
Averages
20.00
High
20.00
Current: 13.220
Low
20.00
Averages
20.00
High
20.00
About OESX
Orion Energy Systems, Inc. provides light emitting diode (LED) lighting systems, wireless Internet of Things (IoT) enabled control solutions, commercial and industrial electric vehicle (EV) charging infrastructure solutions and lighting and electrical maintenance services. Its lighting segment develops and sells lighting products and provides construction and engineering services for its commercial lighting and energy management systems. Its lighting segment provides engineering, design, lighting products and, in many cases, turnkey solutions for large national accounts, governments, municipalities, schools, and other customers. Its maintenance segment provides retailers, distributors and other businesses with maintenance, repair and replacement services for the lighting and related electrical components deployed in their facilities. Its EV segment offers electric vehicle charging expertise and provides EV turnkey installation solutions with ongoing support to all commercial verticals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Orion Energy Systems Reports Q3 2026 Earnings Highlights
- Sustained Profit Growth: Orion Energy Systems achieved its fifth consecutive quarter of positive adjusted EBITDA, with CEO Sally Washlow confirming that the company has met its milestones for growth, profitability, and cost control for FY 2026, raising its revenue outlook to between $84 million and $86 million, indicating strong market demand and cost structure improvements.
- Improved Financial Performance: CFO John Brodin reported Q3 revenue of $21.1 million, up from $19.6 million in the same quarter last year, with a gross margin of 30.9%, reflecting pricing and cost improvements in LED lighting and EV charging solutions, which supported enhanced profitability.
- Strategic Expansion: The company made progress in its strategic expansion into electrical infrastructure and EV charging solutions, particularly with a $4 million EV infrastructure project for the Boston Public School System, indicating Orion's growth potential in emerging markets.
- Optimistic Future Outlook: Management expressed optimism for FY 2027, projecting revenue between $95 million and $97 million, emphasizing continued order growth and strong gross margins, while remaining attentive to execution risks associated with large contracts.
See More
Orion Energy Systems Q3 Earnings Exceed Expectations
- Strong Earnings Performance: Orion Energy Systems reported a Q3 GAAP EPS of $0.04, beating expectations by $0.32, which highlights a significant improvement in profitability and boosts investor confidence.
- Stable Revenue Growth: The company achieved revenues of $21.1 million in Q3, reflecting a 7.7% year-over-year increase and surpassing market expectations by $0.29 million, indicating sustained competitiveness and promising future growth potential.
- Positive Stock Reaction: Following the earnings release, Orion's shares rose by 1.5% in after-hours trading, demonstrating market approval of its financial performance and potentially attracting more investor interest.
- Optimistic Future Outlook: With the announcement of a proposed public offering of common stock, the company is expected to strengthen its capital structure, providing funding for future expansion and investments, thereby supporting its long-term growth strategy.
See More
Orion Energy Systems to Announce Q3 Earnings on February 5th
- Earnings Announcement Schedule: Orion Energy Systems is set to announce its Q3 earnings on February 5th before market open, with a consensus EPS estimate of -$0.02, reflecting a 60% year-over-year improvement potential in profitability.
- Revenue Expectations: The anticipated revenue for Q3 stands at $20.81 million, representing a 6.2% year-over-year growth, indicating a degree of stability in the company's market performance despite challenges.
- Historical Performance Review: Over the past year, Orion has only beaten EPS and revenue estimates 25% of the time, suggesting uncertainty in financial performance that may affect investor confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates saw one upward revision with no downward adjustments, while revenue estimates experienced one downward revision, reflecting a cautious market outlook on the company's future performance.
See More
Orion Energy Systems Prices Public Offering at $14.00 per Share
- Public Offering Pricing: Orion Energy Systems has announced a public offering of 500,000 shares at $14.00 per share, with expected gross proceeds of approximately $7.0 million, indicating a proactive financing strategy in the capital markets.
- Clear Use of Proceeds: The net proceeds from the offering will be used to reduce outstanding amounts under its existing credit agreement, with the remainder allocated for working capital and general corporate purposes, aimed at enhancing the company's financial flexibility and operational capacity.
- Underwriter Role: Craig-Hallum Capital Group LLC is acting as the sole managing underwriter for the offering, highlighting its significant position in the capital markets and providing professional support to ensure the successful execution of the offering for Orion.
- Compliance and Transparency: Orion has filed a related registration statement with the Securities and Exchange Commission, ensuring that the offering process complies with all legal requirements, thereby enhancing investor trust in the company's transparency and compliance efforts.
See More
Orion Energy Systems Launches Public Offering to Strengthen Financial Position
- Public Offering Announcement: Orion Energy Systems has launched a firmly underwritten public offering aimed at raising funds to reduce outstanding amounts under its existing credit agreement, which is expected to enhance the company's financial stability.
- Clear Use of Proceeds: The net proceeds from the offering will be allocated to debt repayment, with the remainder designated for working capital and general corporate purposes, reflecting the company's commitment to financial health.
- Financial Performance Review: In its latest earnings report, Orion reported a GAAP EPS of -$0.17, beating expectations by $0.60, while revenue of $19.92 million fell short by $0.38 million, indicating challenges in revenue growth.
- Future Outlook: The company reiterated its fiscal 2026 revenue target of $84 million, demonstrating confidence in improving profitability driven by cost control measures despite facing revenue pressures.
See More
Orion Energy Initiates $3 Million LED Project for Major U.S. Food Distributor
- Project Launch: Orion Energy Systems has announced the initiation of a $3 million LED lighting and electrical infrastructure project for one of its long-term clients, a major food-service distributor in the U.S., involving deployments and upgrades across over 150 facilities.
- Client Relationship: This initiative exemplifies Orion's longstanding partnership with large enterprise customers, as CEO Sally Washlow noted that many prominent industrial names consistently rely on Orion's services, highlighting its significance in the market.
- Market Demand: The food-service distributor's recurring need for simultaneous installations and upgrades of LED lighting and electrical infrastructure indicates a sustained demand for efficient lighting solutions in the industry, further solidifying Orion's market position.
- Sustainability Commitment: Orion is committed to providing clean tech solutions that help clients achieve their business and environmental goals, reduce carbon footprints, and enhance business performance, aligning with current market trends towards sustainability.
See More
Orion Energy Systems Reports Q3 2026 Earnings Highlights
- Sustained Profit Growth: Orion Energy Systems achieved its fifth consecutive quarter of positive adjusted EBITDA, with CEO Sally Washlow confirming that the company has met its milestones for growth, profitability, and cost control for FY 2026, raising its revenue outlook to between $84 million and $86 million, indicating strong market demand and cost structure improvements.
- Improved Financial Performance: CFO John Brodin reported Q3 revenue of $21.1 million, up from $19.6 million in the same quarter last year, with a gross margin of 30.9%, reflecting pricing and cost improvements in LED lighting and EV charging solutions, which supported enhanced profitability.
- Strategic Expansion: The company made progress in its strategic expansion into electrical infrastructure and EV charging solutions, particularly with a $4 million EV infrastructure project for the Boston Public School System, indicating Orion's growth potential in emerging markets.
- Optimistic Future Outlook: Management expressed optimism for FY 2027, projecting revenue between $95 million and $97 million, emphasizing continued order growth and strong gross margins, while remaining attentive to execution risks associated with large contracts.
See More
Orion Energy Systems Q3 Earnings Exceed Expectations
- Strong Earnings Performance: Orion Energy Systems reported a Q3 GAAP EPS of $0.04, beating expectations by $0.32, which highlights a significant improvement in profitability and boosts investor confidence.
- Stable Revenue Growth: The company achieved revenues of $21.1 million in Q3, reflecting a 7.7% year-over-year increase and surpassing market expectations by $0.29 million, indicating sustained competitiveness and promising future growth potential.
- Positive Stock Reaction: Following the earnings release, Orion's shares rose by 1.5% in after-hours trading, demonstrating market approval of its financial performance and potentially attracting more investor interest.
- Optimistic Future Outlook: With the announcement of a proposed public offering of common stock, the company is expected to strengthen its capital structure, providing funding for future expansion and investments, thereby supporting its long-term growth strategy.
See More
Orion Energy Systems to Announce Q3 Earnings on February 5th
- Earnings Announcement Schedule: Orion Energy Systems is set to announce its Q3 earnings on February 5th before market open, with a consensus EPS estimate of -$0.02, reflecting a 60% year-over-year improvement potential in profitability.
- Revenue Expectations: The anticipated revenue for Q3 stands at $20.81 million, representing a 6.2% year-over-year growth, indicating a degree of stability in the company's market performance despite challenges.
- Historical Performance Review: Over the past year, Orion has only beaten EPS and revenue estimates 25% of the time, suggesting uncertainty in financial performance that may affect investor confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates saw one upward revision with no downward adjustments, while revenue estimates experienced one downward revision, reflecting a cautious market outlook on the company's future performance.
See More
Orion Energy Systems Prices Public Offering at $14.00 per Share
- Public Offering Pricing: Orion Energy Systems has announced a public offering of 500,000 shares at $14.00 per share, with expected gross proceeds of approximately $7.0 million, indicating a proactive financing strategy in the capital markets.
- Clear Use of Proceeds: The net proceeds from the offering will be used to reduce outstanding amounts under its existing credit agreement, with the remainder allocated for working capital and general corporate purposes, aimed at enhancing the company's financial flexibility and operational capacity.
- Underwriter Role: Craig-Hallum Capital Group LLC is acting as the sole managing underwriter for the offering, highlighting its significant position in the capital markets and providing professional support to ensure the successful execution of the offering for Orion.
- Compliance and Transparency: Orion has filed a related registration statement with the Securities and Exchange Commission, ensuring that the offering process complies with all legal requirements, thereby enhancing investor trust in the company's transparency and compliance efforts.
See More
Orion Energy Systems Launches Public Offering to Strengthen Financial Position
- Public Offering Announcement: Orion Energy Systems has launched a firmly underwritten public offering aimed at raising funds to reduce outstanding amounts under its existing credit agreement, which is expected to enhance the company's financial stability.
- Clear Use of Proceeds: The net proceeds from the offering will be allocated to debt repayment, with the remainder designated for working capital and general corporate purposes, reflecting the company's commitment to financial health.
- Financial Performance Review: In its latest earnings report, Orion reported a GAAP EPS of -$0.17, beating expectations by $0.60, while revenue of $19.92 million fell short by $0.38 million, indicating challenges in revenue growth.
- Future Outlook: The company reiterated its fiscal 2026 revenue target of $84 million, demonstrating confidence in improving profitability driven by cost control measures despite facing revenue pressures.
See More
Orion Energy Initiates $3 Million LED Project for Major U.S. Food Distributor
- Project Launch: Orion Energy Systems has announced the initiation of a $3 million LED lighting and electrical infrastructure project for one of its long-term clients, a major food-service distributor in the U.S., involving deployments and upgrades across over 150 facilities.
- Client Relationship: This initiative exemplifies Orion's longstanding partnership with large enterprise customers, as CEO Sally Washlow noted that many prominent industrial names consistently rely on Orion's services, highlighting its significance in the market.
- Market Demand: The food-service distributor's recurring need for simultaneous installations and upgrades of LED lighting and electrical infrastructure indicates a sustained demand for efficient lighting solutions in the industry, further solidifying Orion's market position.
- Sustainability Commitment: Orion is committed to providing clean tech solutions that help clients achieve their business and environmental goals, reduce carbon footprints, and enhance business performance, aligning with current market trends towards sustainability.
See More
