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Ellen B. Richstone, a director at Orion Energy Systems, Inc. (NASDAQ:OESX), has acquired 20,000 shares of the company’s common stock. The company, currently valued at approximately $29 million in market capitalization, has shown strong momentum with an 8.5% return over the past week. The purchase, made on February 21, 2025, was executed at a weighted average price of $0.911 per share, totaling approximately $18,220. This acquisition increases Richstone’s direct ownership to 313,658 shares. The transaction was part of a routine filing with the Securities and Exchange Commission. According to InvestingPro analysis, analysts have set price targets ranging from $2 to $3, suggesting potential upside from current levels. Get access to 6 more exclusive InvestingPro Tips and comprehensive financial analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Orion Energy Systems reported a decline in revenue for the third quarter of fiscal year 2025, falling to $19.6 million from $26 million in the same quarter the previous year. The company’s earnings per share were in line with forecasts, posting a loss of $0.05. Despite the revenue shortfall, Orion managed to improve its gross margin by 490 basis points to 29.4%, reflecting better cost management. Orion Energy anticipates double-digit revenue growth in fiscal year 2026, according to CEO Mike Jenkins. The company has also started a significant $3 million LED lighting project for a federal government agency, expanding its portfolio in the government sector. Additionally, Orion’s EV charging segment showed a 48% increase year-to-date, with expectations for a strong close to fiscal year 2025. Analyst firms such as Craig Hallum Capital Group have noted Orion’s strategic positioning for future growth. These developments suggest Orion is focused on enhancing its market presence despite current industry challenges.
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