In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Orion Energy Systems (OESX – Research Report), with a price target of $4.50. The company’s shares closed yesterday at $2.48, close to its 52-week high of $2.54.
“In the context of the company’s strong order pipeline, we believe that the stock at current levels, presents an attractive entry point. We are projecting revenues to grow from $140.0M in FY2025, growing at a five- year CAGR of 7.1%. Our analysis leads us to conclude that OESX should be fairly valued at $4.50 per share. At our price target, OESX would trade at an FY2020-EV/Revenue multiple of approximately 1.0x, well below the average of 2.0x for its peers. As is the case of all DCF models, the results are highly sensitive to a wide range of input assumptions.”
According to TipRanks.com, Dayal is a 4-star analyst with an average return of 2.8% and a 46.6% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Advanced Emissions Solutions, Inc., Ballard Power Systems, and UQM Technologies Inc.
Orion Energy Systems has an analyst consensus of Moderate Buy, with a price target consensus of $4.50.
Based on Orion Energy Systems’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $882K. In comparison, last year the company had a GAAP net loss of $1.46 million.
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Orion Energy Systems, Inc. engages in the design, development, and trade of lighting systems and retrofit lighting solutions. It operates through the following segments: U.S. Markets; Engineered Systems and Distribution Services. The U.S. Markets segment produces and sells commercial lighting and energy management systems to the wholesale contractors.