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Ellen B. Richstone, a director at Orion Energy Systems, Inc. (NASDAQ:OESX), recently acquired additional shares in the company. According to a recent SEC filing, Richstone purchased a total of 13,874 shares of common stock over two days. The transactions, which took place on February 19 and February 20, were executed at prices ranging from $0.837 to $0.883 per share, amounting to a total purchase value of $11,652. The purchase comes as the stock trades near $0.90, with analysts setting price targets between $2.00 and $3.00, according to InvestingPro data.
Following these transactions, Richstone’s total direct ownership in Orion Energy Systems increased to 293,658 shares. The acquisitions reflect a continued interest in the company’s stock, which operates in the electric lighting and wiring equipment industry. With a market capitalization of approximately $30 million and current ratio of 1.4, InvestingPro analysis indicates the stock is currently undervalued, though investors should note the company’s weak financial health score and recent revenue decline of 0.63%.
In other recent news, Orion Energy Systems reported a decline in its third-quarter fiscal year 2025 revenue, dropping to $19.6 million from $26 million in the same quarter the previous year. Despite the revenue fall, Orion’s earnings per share met expectations, registering a loss of $0.05. The company also reported a significant improvement in its gross margin, which increased by 490 basis points to 29.4%. Orion Energy Systems anticipates double-digit revenue growth in fiscal year 2026, projecting revenues between $77 million and $83 million for fiscal year 2025. In addition to these earnings results, Orion Energy Systems has initiated a $3 million LED lighting project for a federal government agency, expanding its portfolio in the government sector. The project is part of Orion’s ongoing efforts to improve energy efficiency in government facilities. Lastly, Orion Energy Systems has secured seven new LED lighting contracts, with potential revenue of $100 million to $200 million over the next five years.
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