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Sally Washlow, a director at Orion Energy Systems Inc . (NASDAQ:OESX), recently acquired shares of the company’s common stock, according to a recent SEC filing. Washlow purchased a total of 3,830 shares over three separate transactions. The acquisitions were made at prices ranging from $1.22 to $1.42 per share, totaling approximately $5,004. The stock currently trades at $0.90, with InvestingPro analysis suggesting slight undervaluation despite the company’s weak financial health score.
Following these purchases, Washlow directly holds 53,580 shares of Orion Energy Systems. Additionally, there is an indirect holding of 1,000 shares by her spouse. These transactions reflect Washlow’s continued investment in the company, which specializes in electric lighting and wiring equipment. With a market capitalization of $29.82 million and a year-to-date return of +8.77%, InvestingPro data reveals the company operates with moderate debt levels. Discover more insights and 12+ additional ProTips with an InvestingPro subscription.
In other recent news, Orion Energy Systems reported a decline in revenue for the third quarter of fiscal year 2025, with figures dropping to $19.6 million from $26 million in the same period last year. The company’s earnings per share aligned with forecasts, registering a loss of $0.05. Despite the revenue drop, Orion improved its gross margin by 490 basis points to 29.4%, reflecting better cost management. Orion anticipates double-digit revenue growth in fiscal year 2026, with specific guidance expected in June. Additionally, the company has embarked on a $3 million LED lighting project for an undisclosed federal government agency, building on its history of government collaborations. This project is part of Orion’s efforts to expand its portfolio in the government sector. Analyst feedback from firms like Craig Hallum Capital Group and H.C. Renwright suggests potential growth opportunities, though challenges remain due to economic uncertainties. The company is also restructuring its business segments to better align with customer needs and streamline operations.
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