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OESXOrion Energy Systems, Inc.
$29.04$118M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
OESX logo

Orion Energy Systems, Inc.

OESX
NASDAQ · Electrical Equipment
$29.04
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$118M
P/E-32.6x
52W High$31.00
Volume56.38K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2025Q4

Operational Volatility Obscures Underlying Financial Stability Risks

Orion Energy Systems faces significant challenges in achieving consistent profitability, as evidenced by its erratic net income and persistent difficulty in scaling operations to absorb fixed overhead costs. While the company has seen revenue growth of 23.3% i...

GrowthMixed
ProfitabilityNegative
ValuationExpensive
TechnicalsStrong
Explore valuation models
MARKET ACTION

OESX price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-222% Peers

P/E is 222% below peer median

03

Market leadership

RS 98 · Leader

High momentum (Outperforming 98% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Nov 5

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
OESX+94.51%
S&P 500 (^GSPC)+13.20%
1-Year Return
OESX+238.46%
S&P 500 (^GSPC)+15.98%
3-Year Return
OESX+115.11%
S&P 500 (^GSPC)+94.11%
5-Year Return
OESX-26.67%
S&P 500 (^GSPC)+83.43%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-32.6x
Forward P/E
49.2x
EV/EBITDA0th %ile
-22101.4x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-32.6x
14.7x
0th· Low
EV/EBITDA
-22101.4x
7.7x
0th· Low
Price/FCF
N/A
47.9x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$86M+8.3% YoY
Net income
-$3M+73.2% YoY
Free cash flow
-$1M-335.8% YoY
Operating margin
-1.9%+11.4 pts YoY
ROIC (TTM)-
Avg ROIC 5Y-
ROE (TTM)-22.2%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate3/12 (25%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$0.47+605.0%
vs $0.07
$26M+9.3%
vs $24M
Q3 2026
Jun 4, 2026
$0.39+129.4%
vs $0.17
$26M+6.7%
vs $24M
Q1 2026
Feb 5, 2026
$0.04+122.2%
vs -$0.18
$21M-0.5%
vs $21M
Q4 2025
Nov 5, 2025
-$0.17-750.0%
vs -$0.02
$20M-4.3%
vs $21M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·Sep 15, 2026
Orion Announces Major US Retailer's Additional Commitment for Estimated $10M-15M; Increases FY27 Revenue Outlook to $100M - $102M

MANITOWOC, Wis., Sept. 15, 2026 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced that a longtime customer has made a follow-on commitment to the Company for a new LED lighting project estimated to represent revenue of $10 million to $15 million.

Seeking Alpha·Sep 9, 2026
Orion Energy Systems: Strong Execution, But Limited Upside At $25

I rate Orion Energy Systems a Hold, with a $25 base case target matching current trading levels. Orion delivered a strong Q1 fiscal 2027, with revenue up 31.5%, gross margin reaching 34.6%, and adjusted EBITDA rising to $2.5M. Data centers and a potential Home Depot interior lighting win offer upside, but meaningful data center revenue appears more likely in fiscal 2028.

GlobeNewsWire·Sep 8, 2026
Orion Announces Additional Multimillion-Dollar Data Center Engagement With Major Global Hyperscaler; Order Quickly Follows Inaugural Multimillion-Dollar Initiative

MANITOWOC, Wis., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced an additional deployment of its MPHL2 LED Lighting solution for one of the world's largest data-center operators.

GlobeNewsWire·Sep 2, 2026
Orion to Present at the 28th Annual H.C. Wainwright Global Investment Conference

MANITOWOC, Wis., Sept. 02, 2026 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced that it will participate in the 28th Annual H.C.

Filtered for Orion Energy Systems, Inc.More Headlines
04

Compare before deciding

Benchmark OESX against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Orion Energy Systems, Inc. (OESX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
OESX logoOESXOrion Energy Systems, Inc.Current
$29.04$117.8M-32.638.26%-3.66%-22.19%—
LEDS logoLEDSSemiLEDs Corporation
$2.40$19.86M-16.00729.81%-3.92%-43.09%—
EFOI logoEFOIEnergy Focus, Inc.
$2.68$17.07M-14.89-26.75%-23.77%-42.45%—
ARAY logoARAYAccuray Incorporated
$0.23$27.36M-14.842.68%-12.24%-99.04%—
POWI logoPOWIPower Integrations, Inc.
$51.46$2.87B131.955.85%5.58%3.72%—
RVLV logoRVLVRevolve Group, Inc.
$21.50$1.53B25.008.48%5.54%14.03%—

Compare OESX vs Peers

Orion Energy Systems, Inc. (OESX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LEDS

Most directly comparable listed peer for OESX.

Scale Benchmark

vs GE

Larger-name benchmark to compare OESX against a more recognizable public peer.

Peer Set

Compare Top 5

vs LEDS, EFOI, ARAY, POWI

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

OESX SEC Filings & Documents

Orion Energy Systems, Inc. (OESX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 7, 2026·SEC

Material company update

Aug 5, 2026·SEC

Material company update

Jun 4, 2026·SEC

10-K Annual Reports

3
FY 2026

Jun 4, 2026·SEC

FY 2025

Jun 26, 2025·SEC

FY 2024

Jun 12, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

Feb 5, 2026·SEC

FY 2025

Nov 5, 2025·SEC

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OESX Frequently Asked Questions

Orion Energy Systems, Inc. (OESX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Orion Energy Systems, Inc.'s revenue?

Orion Energy Systems, Inc. (OESX) reported $92.5M in revenue for fiscal year 2026. This represents a 178% increase from $33.3M in 2005.

How fast is Orion Energy Systems, Inc. growing?

Orion Energy Systems, Inc. (OESX) grew revenue by 8.3% over the past year. This is steady growth.

Is OESX profitable?

Yes, Orion Energy Systems, Inc. (OESX) is profitable, generating $0.0M in net income for fiscal year 2026 (-3.7% net margin).

Dividend & Returns
What is OESX's return on equity?

Orion Energy Systems, Inc. (OESX) has a return on equity (ROE) of -22.2%. Negative ROE indicates the company is unprofitable.

What is Orion Energy Systems, Inc.'s free cash flow?

Orion Energy Systems, Inc. (OESX) generated $0.8M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in OESX back in 2005?

Total return calculator · dividends reinvested · 21+ years of data

See returns →