Latest news with #OrionEnergySystems
Yahoo
24-04-2025
- Business
- Yahoo
Orion's USA Manufactured LED Lighting Fixtures Will Be Showcased at LightFair in Las Vegas May 6-8
MANITOWOC, Wis., April 24, 2025 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (Nasdaq: OESX) (Orion Lighting), a provider of energy-efficient LED lighting and controls, electric vehicle (EV) charging station solutions, and electrical maintenance services announced today it will showcase its high quality, USA manufactured LED lighting products at LightFair 2025 in Las Vegas, May 6-8 (Booth #1811). Orion will also host an informal investor gathering at LightFair on Tuesday, May 6th (details below). Orion's USA manufactured LED lighting fixtures are some of the highest quality and best performing LED fixtures in the lighting industry. Orion stands in stark contrast to many other LED lighting companies who are increasing their pricing and lengthening their lead times for delivery. At Orion's booth #1811 we will be showcasing our full complement of lighting products which will highlight our flexible supply chain and ability to meet the needs of the market. 'We're excited to highlight our high-quality USA manufactured LED lighting products. With the current turmoil and increased volatility related to tariffs, Orion's industry leading USA manufactured LED lighting products are not impacted. We are committed to making products here in Wisconsin and proud of our ongoing commitment to quality and innovation,' stated Sally Washlow, CEO of Orion. Investor Gathering InformationFor investors attending LightFair, Orion's CEO Sally Washlow will host a brief informal gathering for investors on Tuesday, May 6th at 11:00 a.m. PT at Orion's booth #1811. The gathering provides an opportunity for investors and Orion's CEO to meet each other, to learn more about Orion, and to answer any questions. Investors interested in attending the investor gathering should RSVP in advance to Orion's Investor Relations team at OESX@ or call (212) 924-9800. About Orion Energy Systems ( 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 Safe Harbor StatementCertain 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 or at 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 @OrionLightingIRStockTwits: @Orion_IR Investor Relations Contacts Per Brodin, CFO William Jones; David Collins Orion Energy Systems, Inc. Catalyst IR pbrodin@ (212) 924-9800 or OESX@ Sign in to access your portfolio
Yahoo
14-04-2025
- Business
- Yahoo
LED Lighting and EV Charging Solutions Provider Orion Appoints Board Member Sally Washlow as CEO; Confirms FY'25 Revenue Guidance
MANITOWOC, Wis., April 14, 2025 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (Nasdaq: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced that Orion's Board of Directors has appointed Orion Board member Sally A. Washlow as the Company's Chief Executive Officer, replacing Michael H. Jenkins, who is leaving the company. Additionally, the Board promoted Orion EVP and President of Orion Services Group, Scott Green, to the role of Chief Operating Officer. Orion also announced that it expects revenue near the midpoint of its $77M - $83M revenue outlook range for fiscal year ending March 31, 2025. Anthony Otten, Orion's Board Chair, commented, 'We thank Mike for his leadership and many contributions to our Company the past two and half years. However, our Board believes that new leadership is necessary to better focus the Company on executing Orion's revenue growth and cost containment initiatives and returning Orion to consistent profitability. We believe Sally has the right skill set, experience and public company knowledge to lead Orion to achieve those objectives and to return our stock price to an acceptable level.' Ms. Washlow, who joined Orion's Board in 2022, is an accomplished executive leader with over 25 years of experience driving business growth, operational excellence, and financial success. With a proven track record of leadership across multiple industries, she has demonstrated expertise in strategic planning, operational transformation, and sales and marketing leadership. Ms. Washlow said, 'There is more work to be done, but I firmly believe Orion's future is bright, with long-standing, strong positions in our complementary LED lighting, EV charging station and electrical maintenance businesses. We have a solid foundation upon which to drive revenue growth, enhance profitability, and become a positive cash flow generating company.' Mr. Green has nearly thirty years of lighting industry experience. He joined Orion in 2013 with the acquisition of Harris Lighting where he served in senior leadership roles. As COO, Mr. Green will be primarily responsible for Orion's sales and project management functions. Ms. Washlow previously served as President of Nasdaq-traded Cobra Electronics and was named CEO following its transition to private equity ownership as Cedar Electronics, with total revenue over $200M. There she successfully led the company through a strategic transaction and the integration of the Cobra and Escort electronics businesses. Earlier in her career, Ms. Washlow held leadership roles at Motorola and LG Electronics, where she gained extensive experience in supply chain management, product marketing, and sales. Most recently, she has served as a Practice Leader for LHH's International Center for Executive Options, a boutique provider of executive advisory services. She has served on a variety of public and private boards and currently serves on the board of Data IO and Northbrook Bank & Trust a subsidiary of Wintrust Financial. Ms. Washlow earned a BA in Supply Chain Management from Michigan State University and a Master of Business Administration in Marketing from DePaul University. About Orion Energy Systems ( 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 Safe Harbor StatementCertain 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 or at 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 @OrionLightingIRStockTwits: @Orion_LED_IROrion Energy Systems, Inc. Investor Relations Contacts Anthony Otten, Board Chair William Jones; David Collins Orion Energy Systems, Inc. Catalyst IR alotten@ (212) 924-9800 or OESX@
Yahoo
04-04-2025
- Business
- Yahoo
Orion Energy Systems, Inc. (OESX): Insider Were Buying In Q1 2025
We recently published a list of . In this article, we are going to take a look at where Orion Energy Systems, Inc. (NASDAQ:OESX) stands against other micro-cap stocks insiders were buying in Q1 2025. The White House announced Tuesday that Trump's tariffs would take effect immediately after being unveiled on Wednesday. In anticipation of these 'reciprocal tariffs,' which will apply to all countries, the stock market reacted. By Tuesday morning, the broader market index and Nasdaq Composite dropped by about 0.2%, while blue-chip companies lost 0.06%. Amid ongoing market uncertainty, insider trading often comes under the spotlight. Executive stock purchases can signal optimism, but sales may reflect personal financial decisions or a need to diversify investments. To maintain transparency, executives typically follow pre-arranged strategies, like 10b5-1 plans. While insider trading can offer valuable information, it's important to evaluate it in the broader context of the company's financial stability and current market trends. Today, we're focusing on stocks with micro market capitalizations that have seen significant insider buying in the first quarter of the year. Using Insider Monkey's insider trading screener, we identified companies with market caps under $250 million where at least three insiders purchased shares in the past three months. From this list, we ranked the top 10 stocks with the highest number of insiders making purchases. Stocks that have been recently covered were excluded from our analysis. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). With each stock, we note the number of insiders who acquired shares in the first quarter and market capitalizations. A person wearing a hardhat and safety glasses in a factory installing a LED high bay fixture. Number of insiders buying: 5 Market Capitalization: $24.06 million Orion Energy Systems designs, manufactures, and installs energy management systems for commercial, industrial, and government clients in North America and Germany. The Manitowoc, Wisconsin-based company offers LED lighting products, energy management services, EV charging solutions, and maintenance for lighting and electrical systems. In February, five insiders, including the company's CEO, bought around $65,519 worth of Orion Energy shares at an average price of $0.86 per share. Year-to-date, the stock is down 8.75%, trading at $0.73 per share. Over the past 12 months, its shares dropped 17.98%. In a recent development, the company announced it had begun installing LED lighting at a federal government agency, with project purchase orders currently totaling $3 million and potential for future growth. The project is expected to be completed in the first half of Orion's fiscal year 2026. For the third quarter of fiscal 2025, the company reported revenue of $19.6 million, down from $26.0 million in the same quarter of 2024. The net loss for the period was $1.5 million, an improvement compared to the $2.3 million loss in the previous year. According to MarketBeat, one analyst rates Orion Energy stock as 'Buy' with a price target of $3.00. The average price target suggests a potential upside of 310.96% from the latest price. Overall, OESX ranks 9th on our list of micro-cap stocks insiders were buying in Q1 2025. While we acknowledge the potential of OESX our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OESX but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
19-02-2025
- Business
- Yahoo
Orion Commences $3M in Turnkey, Energy-Efficient LED Lighting Retrofits and Electrical Infrastructure Upgrades for Federal Agency
MANITOWOC, Wis., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (Nasdaq: OESX) (Orion Lighting), a provider of energy-efficient LED lighting and controls, electric vehicle (EV) charging station solutions, and maintenance services announced today that it has commenced on-site LED lighting installation for a federal government agency. Project purchase orders to date total approximately $3 million, with future potential for an expanded project scope. The project is expected to be completed in the first half of Orion's FY'26. Orion is providing a turnkey solution for a facility in the Southeastern United States, including the installation of Buy American Act (BAA)-compliant LED lighting retrofit systems, significant upgrades to the facility's electrical infrastructure, and project management services. This project will greatly enhance the facility's energy efficiency and achieve their modernization initiatives. 'We are proud to build upon our longstanding 20+ year relationship working with this Federal entity to improve the energy efficiency of their facilities,' stated Mike Jenkins, CEO of Orion. 'This project builds on our long-standing work in the government sector, providing energy-efficient solutions that enhance workplace environments and safety. Our team is excited to contribute to the facility's extensive remodel by delivering top-tier, BAA-compliant LED lighting systems and critical infrastructure upgrades.' This contract follows Orion's continued service to government entities, including a $9.6 million LED lighting retrofit project in Europe for the Department of Defense. About Orion Energy Systems ( provides energy efficiency and clean tech solutions including LED lighting and controls, maintenance services and electrical vehicle (EV) charging solutions. Orion specializes in turnkey design-through-installation solutions for large national customers, 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 priorities, goals and progress here or visit our website. Safe Harbor StatementCertain 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 or at 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 @OrionLightingIRStockTwits: @Orion_LED_IR Investor Relations Contacts Per Brodin, CFO William Jones; David Collins Orion Energy Systems, Inc Catalyst IR pbrodin@ (212) 924-9800 or OESX@ Sign in to access your portfolio
Yahoo
30-01-2025
- Business
- Yahoo
LED Lighting, EV Charging and Maintenance Solutions Provider Orion Energy Systems Hosts Q3 Conference Call Tuesday, Feb. 11th at 10am ET
MANITOWOC, Wis., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting and controls, electrical vehicle (EV) charging station solutions, and maintenance services, will host a conference call and webcast to review its fiscal 2025 third quarter (Q3'25) results on Tuesday, February 11, 2025 at 10:00 a.m. ET. Orion will release results prior to the market's opening that day. Webcast and Call Details Date / Time: Tuesday, February 11th at 10:00 a.m. ET Live Call Registration: Live call participants must pre-register using the URL above to receive the dial-in information. Simply re-register if you lose the dial-in or PIN #. Webcast & Replay: About Orion Energy SystemsOrion 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 Engage with UsTwitter: @OrionLighting and @OrionLightingIRStockTwits: @OESX_IR Investor Relations Contacts Per Brodin, CFO William Jones; David Collins Orion Energy Systems, Inc. Catalyst IR pbrodin@ (212) 924-9800 or OESX@
