Tuesday, May 6, 2025

Orion Energy (OESX) Builds Steam with New LED Lighting Initiatives

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Orion Energy Systems (OESX) is making strides in the LED lighting sector, compliant with the Buy American Act, and gaining traction with Energy Service Companies (ESCOs) and U.S. Government agencies. At LightFair 2025, the company is showcasing its U.S.-manufactured products and robust supply chain. Recent collaborations with ESCOs include substantial initiatives generating anticipated revenues ranging from $2 million to $5 million. The company is also involved in several government projects, expecting over $7 million in revenue. Despite a decline in Q3 revenue to $19.6 million and a revised fiscal outlook of $77 million to $83 million, analysts remain optimistic, giving OESX an “Outperform” rating and suggesting potential upside based on stock price targets.

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