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Orion Energy Systems, Inc. (NASDAQ:OESX) announced Monday that it has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The update was disclosed in a statement based on a recent SEC filing. The company, currently trading at $7.38 with a market capitalization of approximately $26 million, has shown resilience with a strong return over the past three months, according to InvestingPro data.
According to the company, Orion was notified by Nasdaq staff on September 8 that it now meets the minimum bid price rule, which requires listed companies to maintain a closing bid price of at least $1.00 per share. This follows a 1-for-10 reverse stock split of Orion’s common stock, which became effective at the opening of trading on August 22.
Orion had previously received notice on September 20, 2024, that it was not in compliance with the minimum bid price rule after its shares closed below $1.00 for 30 consecutive trading days. The company was initially given until March 19, 2025, to regain compliance, but did not meet the requirement by that date. Orion then requested and was granted an additional 180-day extension, moving the deadline to September 15, 2025.
To address the issue, the company amended its articles of incorporation on August 19, 2025, to implement the reverse stock split. Following this action, Nasdaq staff confirmed Orion’s compliance with listing standards.
Orion Energy Systems will continue to be listed on the Nasdaq Capital Market. The information is based on a company statement filed with the Securities and Exchange Commission. Notably, analysts maintain a positive outlook on the stock, with price targets ranging from $15 to $20. For detailed insights and additional ProTips about OESX, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with deep-dive analysis and actionable intelligence.
In other recent news, Orion Energy Systems reported its first-quarter fiscal year 2026 earnings with an earnings per share (EPS) of -$0.04, beating the anticipated -$0.06, which marked a 33.33% positive surprise. Despite this earnings beat, the company experienced a revenue shortfall. Additionally, Orion Energy Systems announced a $2 million contract to install four High Power DC electric vehicle chargers at Massachusetts Department of Transportation service plazas, a part of MassDOT’s five-year plan to enhance EV infrastructure across the state. The company’s Voltrek division will handle the installation at the Barnstable and Plymouth service plazas.
Orion Energy Systems also highlighted that recent federal guidance for EV charging infrastructure aligns with the quality standards already implemented by its Voltrek division. This guidance involves the allocation of $5 billion in public funds, as directed by the U.S. Department of Transportation and Federal Highway Administration. Furthermore, the company announced a 1-for-10 reverse stock split, effective August 22, 2025, to increase the bid price of its common stock and comply with Nasdaq’s minimum bid price requirement of $1.00 per share.
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