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MANITOWOC, Wis. – Orion Energy Systems, Inc. (NASDAQ: NASDAQ:), known as Orion Lighting, has been awarded the contract to refurbish North America’s leading Building Products lighting solutions in more than 400 locations. The project is expected to begin in the third quarter of 2025 and is expected to take several years. The company, which has shown revenue growth of 14.4% over the last twelve months, currently has a market cap of $27.54 million.
The contract, valued at between $12 million and $18 million, will see Orion Lighting provide comprehensive support including site inspections, lighting inspections, and installation of LED lighting systems. In fiscal year 2025, the company expects revenue of about $1 million from the deal. According to InvestingPro analysis, when the stock is currently trading at $ 0.84, analysts have set price targets from $ 2 to $ 3, which suggests that it may be very difficult. InvestingPro’s Fair Value analysis suggests that the stock may be undervalued at current levels.
Orion’s CEO, Michael Jenkins, expressed the company’s interest in the project, highlighting the benefits of their LED lighting products and turnkey installation capabilities. The purpose of the retrofitting is to significantly reduce the customer’s energy consumption and carbon footprint, while improving safety and lighting for employees, customers, and suppliers. InvestingPro The data shows two important facts about OESX: the company is currently trading near its 52-week low, and analysts do not expect profit this year. Subscribers can access 4 additional ProTips and comprehensive financial analysis through InvestingPro’s detailed reports.
Orion Energy Systems manages energy solutions, providing products and services such as LED lighting and controls, electric vehicle (EV) facilities, and maintenance services. The company is focused on providing environmentally friendly and sustainable solutions to help customers achieve their business and environmental goals. For more information on OESX’s financials, growth prospects, and detailed trends, investors can access the Pro Research Report available exclusively at. InvestingPro.
Forward-looking statements in the announcement involve various risks and uncertainties that could cause actual results to differ from expectations. These statements are made as of the date of this press release, and Orion Energy Systems assumes no obligation to update such forward-looking statements.
This news comes from a press release from Orion Energy Systems, Inc.
In other recent news, Orion Energy Systems announced its 2025 second quarter financial results. CEO Mike Jenkins and CFO Per Brodin discussed the company’s performance and provided an outlook for the remainder of the financial year. He reviewed both the positive and negative aspects of Orion’s business, acknowledging the risks that could affect future results. The management also pointed out positive factors that could benefit the company. However, the exact areas that Orion failed to target were not detailed in the report. The earnings call, which included a Q&A session, allowed investors to find out more about Orion’s performance and expectations. These are some of the latest news from Orion Energy Systems.
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