Orion Energy Systems highlights alignment with federal EV charging guidance

MANITOWOC, Wis. - Orion Energy Systems, Inc. (NASDAQ:OESX), a small-cap energy solutions provider with a market capitalization of $21.12 million, on Thursday acknowledged that recent federal guidance directing $5 billion in public funds for electric vehicle (EV) charging infrastructure aligns with quality standards already implemented by its Voltrek division. According to InvestingPro analysis, the company’s stock has seen significant pressure, declining over 33% in the past six months, though analysts see potential upside from current levels.

The guidance, issued last week by the U.S. Department of Transportation and Federal Highway Administration, governs the National Electric Vehicle Infrastructure grant program. According to Orion, the federal directive emphasizes quality standards that mirror those already in place for the company’s public and private enterprise customers. While InvestingPro data indicates the company faces near-term profitability challenges with negative EBITDA, this federal program could present significant opportunities. InvestingPro subscribers can access 6 additional key insights about OESX’s financial outlook.

"The federal guidance essentially mirrors the best practices and quality standards that Orion/Voltrek routinely requires in hundreds of its deployments," said Orion Chief Executive Officer Sally Washlow. Despite revenue declining 14.5% over the last twelve months, the company maintains a solid current ratio of 1.23, suggesting adequate liquidity to support its operations.

Kathleen Connors, President of Orion’s Voltrek division, noted the announcement’s timing is advantageous as the Department of Transportation reports 84% of the $5 billion in NEVI funding remains unallocated, representing a potential market opportunity for the company.

Orion/Voltrek is currently involved in deploying and maintaining hundreds of EV charging stations, including 90 installations for the Boston Public School system, which plans to electrify its entire fleet of 750 school buses.

The company provides energy efficiency solutions including LED lighting, EV charging stations, and maintenance services, focusing on turnkey design-through-installation solutions for national customers.

This information is based on a press release statement from Orion Energy Systems. For comprehensive analysis including Fair Value estimates and detailed financial metrics, investors can access the full OESX research report on InvestingPro, which is part of their coverage of over 1,400 US stocks.

In other recent news, Orion Energy Systems reported its first-quarter fiscal year 2026 earnings, revealing an earnings per share (EPS) of -$0.04. This exceeded analysts’ expectations of -$0.06, marking a 33.33% positive surprise. However, the company experienced a revenue shortfall during the same period. Additionally, Orion Energy Systems announced a $2 million contract to install four high-power DC electric vehicle chargers at Massachusetts service plazas. This project is part of the Massachusetts Department of Transportation’s plan to expand EV charging infrastructure across the state. In another development, the company’s Board of Directors and shareholders approved a 1-for-10 reverse stock split, effective August 22, 2025. This move aims to increase the bid price of Orion’s common stock to meet Nasdaq’s minimum bid price requirement. The reverse split will see the company’s stock continue trading under the existing symbol on a split-adjusted basis.

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