Orion Announces $4M Project to Install 105 EV Charging Stations For Boston Public Schools
Rhea-AI Summary
Orion Energy Systems (NASDAQ: OESX) announced a $4.0 million contract to install 105 DC fast EV charging stations and related infrastructure at the Freeport Bus Yard for Boston Public Schools (BPS) on February 3, 2026. The work is led by Orion’s Voltrek division and uses above-ground mounting with Jersey barriers.
Orion/Voltrek is a recurring BPS partner in the district’s effort to electrify 100% of 750 school buses, part of the largest school-bus electrification program in the Northeastern United States.
Positive
- $4.0M contract to install 105 DC fast charging stations
- 105 DC fast chargers deployed at BPS Freeport Bus Yard
- Recurring partner in BPS effort to electrify 100% of 750 buses
Negative
- Revenue concentration: BPS cited as one of Orion’s largest customers
- Project is focused on a single site: Freeport Bus Yard (105 stations)
Key Figures
Market Reality Check
Peers on Argus
Several peers from the broader electrical/EV complex show downside momentum (scanner peers median move about -6.8%), with names like CCTG and DFLI both moving down. OESX’s pre-news decline of -1.58% fits into this weaker sector backdrop despite the positive contract news.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 30 | Equity offering priced | Negative | -17.4% | Firmly underwritten 500,000‑share offering at $14 priced for $7M proceeds. |
| Jan 29 | Offering announced | Negative | +6.3% | Proposed underwritten equity offering mainly to reduce credit facility borrowings. |
| Jan 22 | Earnings call notice | Neutral | -1.6% | Scheduled Q3 FY2026 results release and investor call on February 5, 2026. |
| Jan 20 | Large lighting win | Positive | +8.8% | Major retailer awards $14M–$15M LED project; guidance raised and FY27 outlook given. |
| Jan 05 | Infrastructure contract | Positive | +14.6% | $3M LED lighting and electrical infrastructure engagement with large food distributor. |
Growth contracts and guidance updates have often seen strong positive reactions, while equity offerings drew pressure, including a sharp selloff on the recent priced deal.
Over the past month, Orion announced several sizable projects and capital markets actions. A $3M infrastructure initiative and a $14M–$15M lighting project with a major retailer both saw double‑digit positive reactions. Conversely, the firmly underwritten 500,000‑share offering at $14.00 on Jan 30, 2026 led to a -17.43% move. Today’s $4M EV charging contract with Boston Public Schools continues the stream of project wins but follows closely after dilutive funding activity.
Market Pulse Summary
This announcement adds a $4M EV charging project for Boston Public Schools to Orion’s recent stream of contract wins, reinforcing Voltrek’s role in a school‑bus electrification program covering 750 buses. It complements earlier lighting and infrastructure deals and comes as U.S. EV charging is expected to grow 8%. Recent equity offerings, balance‑sheet updates and upcoming earnings remain key context points to monitor alongside execution on these larger projects.
Key Terms
electric vehicle (ev) technical
ev charging technical
dc fast charging technical
AI-generated analysis. Not financial advice.
MANITOWOC, Wis., Feb. 03, 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 installation project of 105 EV charging stations and related infrastructure in the Boston (MA.) Public School (“BPS”) system. The contract is valued at
Orion’s Voltrek division is installing 105 DC fast charging stations and related infrastructure at the Freeport Bus Yard operated by the Boston Public Schools, one of the company’s largest customers and one of the most prominent school districts in the United States. Like a number of Orion/Voltrek installations for BPS, the new units feature an innovative above-ground mounting method with Jersey barriers.
Orion/Voltrek is a recurring partner in the BPS initiative to electrify
Orion/Voltrek is involved in spearheading numerous fleet-electrification initiatives in the Northeast. Orion/Voltrek’s electrification and maintenance engagements include multiple-location deployments in municipalities and roll-outs of electric van charging capabilities in school districts. The company’s work is illustrated by the installation of 13 charging stations for the Lower Pioneer Valley School Educational Cooperative serving the Greater Springfield, MA. area.
“Orion/Voltrek is proud to be a reliable long-term provider of EV Charging, Infrastructure and Maintenance to BPS, one of the most innovative public school districts in America,” said Orion Chief Executive Officer Sally Washlow. “Fleet managers increasingly rely on Orion/Voltrek to deliver the quality, reliability and scalability that enterprise fleet managers require.”
Paren research expects
About Orion Energy Systems
Orion provides energy efficiency and clean tech solutions, including LED lighting and controls, electrical vehicle (EV) charging solutions, and maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers as well as projects through ESCO and distribution partners, with a commitment to helping customers achieve their business and environmental goals with healthy, safe, and sustainable solutions that reduce their carbon footprint and enhance business performance.
Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our sustainability and governance priorities, goals and progress here, or visit our website at www.orionlighting.com.
Safe Harbor Statement
Certain matters discussed in this press release, are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or words of similar import. Similarly, statements that describe our future plans, objectives or goals, including business relationships with government customers, are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected including, but not limited to, the risks described in our filings with the Securities and Exchange Commission.
Shareholders, potential investors and other readers are urged to consider risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at http://www.sec.gov or at http://investor.oriones.com/ in the Investor Relations section of our Website. Except as required by applicable law, we assume no obligation to update any forward-looking statements publicly or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.
Engage with Us
X: @OrionLighting and @OrionLightingIR
StockTwits: @OESX_IR
| Investor Relations Contacts | |
| Per Brodin, CFO | Robert Ferri |
| Orion Energy Systems, Inc. | Robert Ferri Partners |
| pbrodin@oesx.com | (415) 575-1589 / ir@oesx.com |
FAQ
What did Orion (OESX) announce about the Boston Public Schools project on February 3, 2026?
How many EV charging stations will Orion (OESX) install for Boston Public Schools and where?
What is the value and scope of the OESX contract with Boston Public Schools?
How does the BPS project fit into Orion/Voltrek’s broader electrification efforts?
Will the 105-station installation affect Orion’s role in other fleet-electrification programs?
