Orion Highlights Demand for its Energy Efficient Lighting Fixtures and Buy American Act Compliant LED Lighting at LightFair 2025 May 6-8 (Booth 1811)
Orion has also commenced work on LED retrofits as well as new construction LED lighting projects for over 20 facilities for a US Government Agency. Total revenue potential is over $3M with most to be completed in Orion's current fiscal year.
Orion has commenced LED lighting and electrical infrastructure improvement projects in 3 U.S. Government Agency facilities. The 3 projects are expected to exceed $4M in total revenue and to be completed in Orion's current fiscal year.
U.S. Government Agencies Select Orion BAA Products and Electrical Services For 20+ Facilities Over Several Years Orion has proudly manufactured lighting products in the United States for over 26 years and offers a wide assortment of BAA-compliant LED lighting fixtures that we proudly manufacture in our Manitowoc, WI facility.
A large multinational logistics company has commenced work on 10+ sites to date in US and Canada, with another 40-50 sites slated over the next two years. Total revenue potential is $4M-$5M.
ESCO Partners Select Orion's Industry Leading Energy-Efficient LED Lighting Several of Orion's ESCO partners have recently selected Orion products for their customers' multi-site energy efficient LED retrofit lighting projects, including over 450 facilities throughout North America over the next several years. Orion delivers some of the highest quality and most energy-efficient LED lighting products available on the marketplace, enabling its ESCO partners to deliver a compelling ROI to their end customers. Orion's quality products, customer service and short lead times help its partners achieve success with their customers.
Orion is showcasing many of its US manufactured LED lighting products and highlighting its flexible supply chain and ability to meet customer needs at LightFair 2025 in Las Vegas, today, Tuesday, May 6 th through Thursday, May 8th (Booth #1811).
LAS VEGAS and MANITOWOC, Wis., May 06, 2025 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting, electric vehicle charging station and maintenance services solutions, today disclosed recent solid traction for its LED lighting products through Energy Service Companies (ESCOs) as well as U.S. Government agencies selecting Orion's Buy American Act (BAA) Compliant LED lighting products.
Story Continues
Sally Washlow, CEO commented, 'Orion is well positioned with a diversified line of high-quality, energy efficient LED lighting solutions to meet a variety of customer needs. Our focus is on excellent design, industry leading energy efficiency and high-quality domestic manufacturing to deliver the most compelling customer experience and return on investment.
'We expect growth in key product SKUs in the current environment and are excited to highlight our high-quality lineup of US-manufactured products that are available with modest lead times and largely sheltered from the current tariff environment. As always, we remain committed to making products here in Wisconsin and proud of our ongoing commitment to quality and innovation.'
About Orion Energy Systems (www.orionlighting.com)
Orion provides energy efficiency and clean tech solutions, including LED lighting and controls, electrical vehicle (EV) charging solutions, and maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers as well as projects through ESCO and distribution partners, with a commitment to helping customers achieve their business and environmental goals with healthy, safe and sustainable solutions that reduce their carbon footprint and enhance business performance.
Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our Sustainability and Governance priorities, goals and progress here or visit our website at www.orionlighting.com.
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.
Engage with Us
X: @OrionLighting and @OrionLightingIR
StockTwits: @OESX_IR
Investor Relations Contacts
Per Brodin, CFO
William Jones; David Collins
Orion Energy Systems, Inc.
Catalyst IR
pbrodin@oesx.com
(212) 924-9800 or OESX@catalyst-ir.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
34 minutes ago
- Yahoo
Tesla's Energy Storage Business Is Quietly Growing at Triple-Digit Rates. Is This the Company's Next Growth Engine?
Tesla's energy division more than doubled its storage deployments in 2024, and triple-digit growth has continued this year. The company's energy business is becoming a core growth engine rather than a side project. Demand for artificial intelligence infrastructure is providing a lift to Tesla's energy storage sales. These 10 stocks could mint the next wave of millionaires › After years of being viewed as an intriguing side project, Tesla's (NASDAQ: TSLA) energy business is starting to look like the electric-car company's most underappreciated growth engine. In 2024, energy storage deployments surged, and gross profit from the segment hit new highs. And momentum hasn't slowed. Based on Tesla's first-quarter 2025 results, the division is on pace for another record-breaking year. For investors still focused solely on Tesla vehicles like its best-selling Model Y and flashy Cybertruck, it may be time to widen the lens. Tesla's energy business delivered stunning results in 2024. Total energy generation and storage revenue jumped 67% year over year to more than $10 billion. After deploying 14.7 gigawatt hours (GWh) of storage in 2023, Tesla more than doubled this figure to 31.4 GWh in 2024. Growth like this doesn't just spotlight demand -- it highlights exceptional product-market fit and suggests there's likely a long runway ahead. More importantly, Tesla's energy business, including both solar and energy storage sales, is becoming far more profitable. Energy segment gross profit reached $2.6 billion last year -- far more than the $1.1 billion it posted in 2023. For further context, Tesla's energy business generated less than $300 million in gross profit in 2022. The division has gone from a long-term moonshot bet to a viable earnings contributor in just a few years. Much of Tesla's momentum in its energy storage business comes from its Megapack product -- a grid-scale battery storage solution designed for utilities and large-scale commercial customers. The company is producing Megapacks at its dedicated Lathrop, California, facility, and recently started production at a second Megapack factory in Shanghai, with a target production of up to 40 GWh of capacity per year. Of course, Tesla also has a product for residential customers called Powerwall. Though Powerwall deployments are smaller than Megapack, the product's importance shouldn't be underestimated. "We achieved a fourth sequential record for Powerwall deployments," Tesla said in its first-quarter update in April, "crossing 1 GWh for the first time, and continue to be supply constrained." Speaking of Tesla's first-quarter momentum in energy storage, total energy storage deployment during the period skyrocketed 154% year over year to 10.4 GWh. Revenue from energy generation and storage grew 67% year over year to $2.7 billion. In its first-quarter update, Tesla attributed some of its massive growth to rising demand for artificial intelligence (AI). AI infrastructure is driving rapid load growth, which, along with traditional utility customer applications, is creating an outsized opportunity for our Energy storage products to stabilize the grid, shift energy when it is needed most and provide additional power capacity. Of course, investors still need to keep their expectations in check. Though Tesla is the most aggressive and scaled player in the space, there's a risk that a business like this becomes commoditized over time as other players ramp up their efforts in the space. Additionally, management said in its first-quarter update that the current tariff environment has a "relatively larger impact" on its energy business than it does on its automotive business. Still, Tesla's staggering momentum in the segment is hard to ignore. Investors have long been willing to give Tesla a premium valuation based on its disruptive potential. But in recent years, that bet has rested almost entirely on the company's vehicle business. Now, a second act is emerging. Tesla's energy division is growing rapidly, becoming more profitable, and gaining strategic importance. It's taking some pressure off Tesla's automotive business. If Tesla's energy business continues to scale at its current pace, it won't just be a "nice-to-have" division. It will be one of the company's most important growth levers. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $368,035!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,503!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $668,538!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 2, 2025 Daniel Sparks and/or his clients have positions in Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Tesla's Energy Storage Business Is Quietly Growing at Triple-Digit Rates. Is This the Company's Next Growth Engine? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Wall Street Legend Bets Against Strategy -- Says Bitcoin Investors Are Paying Double
Jim Chanos (Trades, Portfolio) is backwith a trade that's turning heads. The famed short-seller behind the Enron call is now targeting Strategy (NASDAQ:MSTR), not for its crypto exposure, but because of it. On a recent podcast, Chanos laid out what he believes is one of the cleanest arbitrage setups he's seen in years: short MSTR, long Bitcoin (BTC-USD). His reasoning? At current prices, buying the stock is like paying $220,000 for Bitcoin that trades near $110,000. That's because MicroStrategy's share price still reflects a steep premium over the company's actual Bitcoin holdings, even after the spread has started to narrow. Warning! GuruFocus has detected 8 Warning Signs with MSTR. It's not just Chanos. Hedge funds have been circling this trade since MicroStrategy transformed itself into a kind of Bitcoin-holding company. Fueled by Michael Saylor's capital-raising spree, the firm has used equity and convertible debt to amass billions in BTC. Retail investors followed, helping push the stock far beyond its net asset value. While some bulls argue that leverage and zero-fee exposure justify the premium, skeptics are betting that rising dilution and tighter spreads will eventually bring the valuation back to earth. According to Bloomberg data, when factoring in dilution and stripping out the firm's legacy software business, MSTR is still trading at nearly double the value of its underlying crypto assets. Not everyone is jumping in. Firms like Kerrisdale promoted the trade in early 2024 but have since stepped away, citing timing challenges. TD Cowen analyst Lance Vitanza, meanwhile, believes the premium might persistthanks to Bitcoin-per-share growth and MicroStrategy's unique structure. For now, the short side is cheap to maintain, with borrow costs still low and liquidity deep. But risks remain: unexpected corporate shifts, volatile BTC moves, or changes in short dynamics could all shake up the math. Chanos remains focused on the long game, saying the spread could compress meaningfully over timebut even he acknowledges this one's better suited for hedge funds than personal portfolios. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Lululemon Athletica Inc (LULU) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and ...
Total Revenue: Increased 7% or 8% on a constant currency basis to $2.4 billion. Gross Margin: Increased 60 basis points to 58.3%. Earnings Per Share (EPS): $2.60, ahead of expectations. Share Repurchases: $430 million worth of stock repurchased. Net Income: $315 million. Operating Income: $439 million or 18.5% of net revenue. Cash and Cash Equivalents: Approximately $1.3 billion. Store Count: Ended the quarter with 770 stores globally. Comparable Sales: Increased 1% overall. Regional Revenue Growth: Americas: Increased 3% or 4% in constant currency. China Mainland: Increased 21% or 22% in constant currency. Rest of World: Increased 16% or 17% in constant currency. Warning! GuruFocus has detected 3 Warning Signs with BRZE. Release Date: June 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Lululemon Athletica Inc (NASDAQ:LULU) reported a 7% increase in total revenue for Q1 2025, or 8% on a constant currency basis, reaching $2.4 billion. Gross margin improved by 60 basis points to 58.3%, driven by lower product costs and improved markdowns. The company continued its share repurchase program, buying back $430 million of stock, demonstrating confidence in its long-term prospects. Revenue in China Mainland increased by 22% in constant currency, showcasing strong growth in this key market. Lululemon Athletica Inc (NASDAQ:LULU) maintained its full-year revenue guidance, expecting 7% to 8% growth, indicating confidence in its strategic initiatives. The U.S. market showed only a 2% revenue growth, with consumers remaining cautious and intentional about their buying decisions. The company anticipates a 110 basis point decrease in gross margin for the full year due to increased tariffs. SG&A expenses increased to 39.8% of net revenue, up from 38.1% last year, driven by FX revaluation losses. Operating margin decreased to 18.5% from 19.6% in Q1 2024, reflecting increased costs and strategic investments. Lululemon Athletica Inc (NASDAQ:LULU) expects a decline in operating margin by approximately 160 basis points for the full year, primarily due to tariffs and increased markdowns. Q: Can you expand on the mitigation efforts for tariffs and what you're thinking about regarding price increases and diversifying sourcing? Also, any category trends in the U.S. business with the newness offered? A: Meghan Frank, CFO, explained that the mitigation efforts include strategic price increases on a small portion of the assortment and pursuing efficiency actions in sourcing. Calvin McDonald, CEO, noted that the newness is balanced across activity and lifestyle categories, with strong responses to new products like the Daydrift trouser and Align No Line. Q: Could you elaborate on the comp drivers and any updates on the progression of the quarter? A: Meghan Frank, CFO, stated that there was a decline in store traffic, particularly in the U.S., but conversion trends remained consistent, and there was an uptick in average dollars per transaction. The progression from April into May showed no material changes. Q: Why not do more with price to offset tariffs, and is the bigger disconnect between top and bottom line mostly due to tariffs? A: Meghan Frank, CFO, confirmed that the decline in operating margin guidance is driven by the net impact of tariffs, with some offsets from pricing and supply chain efficiencies. There are no meaningful changes in expense posture, and strategic pricing is being considered based on elasticities. Q: Can you elaborate on the slight increase in markdowns now contemplated in the full-year outlook? A: Meghan Frank, CFO, mentioned that markdowns were down 10 basis points in Q1, but given consumer confidence and macroeconomic concerns, a slight increase in markdowns is anticipated for the second half of the year, in the range of 10 to 20 basis points above last year. Q: Given the success of new launches, what are your thoughts on returning the U.S. business to sustainable comp growth? A: Calvin McDonald, CEO, expressed confidence in the newness and innovation, noting that the U.S. consumer remains cautious. The company is gaining market share in the premium activewear segment, and the newness is resonating well with consumers. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
