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Orion Energy Systems (OESX) Stock Price, News & Analysis

OESX NASDAQ
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Price Move History

Daily moves over 5%
61 252 sessions, September 11, 2025 to September 11, 2026
Largest daily move
+54.4% close of August 5, 2026
1-year change
+208.3% closing prices, September 11, 2025 to September 11, 2026
5-year change
-34% closing prices, September 10, 2021 to September 11, 2026

Company Description

Orion Energy Systems, Inc. (NASDAQ: OESX), also known as Orion Lighting, operates in the commercial, industrial, and institutional electric lighting fixture manufacturing industry. According to company disclosures and recent filings, Orion focuses on energy efficiency and clean tech solutions that help organizations improve lighting, electrical infrastructure, and related systems.

Orion states that it provides LED lighting and controls, electric vehicle (EV) charging solutions, and maintenance services. The company highlights its specialization in turnkey design-through-installation solutions for large national customers, as well as projects executed through energy service company (ESCO) partners and electrical distribution partners. These activities align with its role in the manufacturing sector, particularly around lighting fixtures and associated infrastructure.

Business segments and offerings

Based on information in public filings and prior descriptions, Orion reports activity across three primary areas: an Orion lighting segment, an Orion maintenance segment, and an Orion electric vehicle charging segment. The lighting segment develops and sells lighting products and provides construction and engineering services for commercial lighting and energy management systems. Maintenance services are focused on LED lighting systems, while the EV charging segment provides turnkey EV charging station solutions and related installation services.

In its proxy materials, Orion explains that it reorganized its commercial operations around two business units: Solutions and Partners. The Solutions unit develops and executes projects with large corporate, government, and other complex accounts across LED lighting, EV charging station, and electrical maintenance capabilities. The Partners unit focuses on LED lighting and EV charging product sales tailored to ESCOs and electrical contractor distribution partners.

Customer base and project profile

Orion’s news releases describe engagements with large national and enterprise-level customers, including retailers, government agencies, automotive manufacturers, and food-service distributors. The company reports multi-year and multi-facility projects involving LED lighting, electrical infrastructure upgrades, and EV charging station deployments at facilities across the United States. These projects often involve design, installation, and, in many cases, ongoing preventative maintenance of LED lighting systems.

Examples from recent announcements include LED lighting and electrical infrastructure initiatives for one of the nation’s largest food-service distributors, multi-year LED lighting preventative maintenance for thousands of retail locations, and electrical infrastructure, LED lighting, and EV charging projects for a government agency and public-sector entities. Orion characterizes many of these customers as “extended enterprises” with facilities spread across numerous locations.

Geographic and exchange information

Orion Energy Systems, Inc. is incorporated in Wisconsin and lists its principal executive offices in Manitowoc, Wisconsin, as disclosed in its SEC filings. The company’s common stock trades on The Nasdaq Stock Market LLC (Nasdaq Capital Market) under the ticker symbol OESX. Filings also note that Orion’s operations are supported by subsidiaries involved in clean energy and technology solutions.

Financial reporting and performance context

Orion reports its financial results by segment, including LED lighting revenue, EV charging revenue, and maintenance revenue. In its fiscal 2026 second quarter press release, the company described revenue contributions from each of these segments and discussed changes in gross profit margin, net loss, and adjusted EBITDA. The company attributes margin improvements to product and project mix and cost improvements across its segments, as well as efforts to reduce infrastructure and personnel expenses.

In its proxy statement, Orion notes that it has taken actions to reduce its cost structure, improve profit margins, and restructure its organization and go-to-market strategy. The company describes cost reductions, gross margin improvements, and a focus on bottom-line performance, along with an expanded pipeline of LED lighting and related projects.

Capital structure and corporate actions

Orion’s SEC filings describe several corporate and capital structure actions. The company disclosed a 1-for-10 reverse stock split of its common stock, effected through an amendment to its Amended and Restated Articles of Incorporation. The reverse stock split was implemented to address Nasdaq’s minimum bid price requirements. Following the reverse stock split, Orion reported that it regained compliance with the Nasdaq minimum bid price rule and continues to be listed on the Nasdaq Capital Market.

Filings also detail financing arrangements related to the earnout obligations from Orion’s acquisition of Voltrek, LLC. These include a binding term sheet, a senior subordinated loan agreement, a senior subordinated note, a security agreement granting a subordinated security interest in substantially all of the company’s and certain subsidiaries’ assets, and a subordination and intercreditor agreement with Bank of America, N.A. The company describes scheduled principal and interest payments and notes that the final earnout amount is subject to binding arbitration.

Governance and shareholder matters

Orion’s definitive proxy statement outlines matters submitted to shareholders, including the election of directors, advisory votes on executive compensation, ratification of the independent public accounting firm, approval of the reverse stock split, and approval of a special stock option grant to the chief executive officer. The proxy materials emphasize the company’s focus on cost management, organizational restructuring, and repositioning for growth and improved financial performance.

In multiple news releases, Orion states that it is committed to operating responsibly throughout its organization and references its sustainability and governance priorities, goals, and progress. The company positions its energy efficiency and clean tech solutions as supporting customers’ business, financial, and environmental objectives, including reducing carbon footprint and enhancing business performance.

Position within the manufacturing and clean tech landscape

Within the manufacturing sector, Orion is associated with commercial, industrial, and institutional electric lighting fixture manufacturing and related infrastructure. Its disclosures emphasize energy-efficient LED lighting, lighting controls, EV charging solutions, and maintenance services, delivered through turnkey project execution and partnerships with ESCOs and distribution channels. The company’s news flow and filings portray a focus on large-scale, multi-site projects and long-term relationships with enterprise and public-sector customers.

For investors and analysts researching OESX stock, these characteristics—segment structure, customer profile, project types, capital actions, and governance disclosures—provide context for understanding Orion’s business model and its role in energy efficiency and clean technology within the broader manufacturing sector.

Stock Performance

$27.15
-4.37%
1.24
Last updated: September 11, 2026 at 16:14
+208.3%
Performance 1 year
$111.0M

Orion Energy Systems (OESX) closed at $27.25 on September 11, 2026. Over the past 12 months, the price has gained 208.3%.

See what a $1,000 investment in OESX would be worth today

OESX Metrics & Rankings

Price returns through September 11, 2026. Month-to-date and YTD include the first trading day. Ranking links may use different dates.

SEC Filings

Orion Energy Systems has filed 5 recent SEC filings, including 5 Form 4. The most recent filing was submitted on August 24, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all OESX SEC filings →

Insider Radar

Net Buyers
90-Day Summary
3,789
Shares Bought
0
Shares Sold
3
Transactions
Most Recent Transaction
Wishart-Smith Heather L (Director) bought 1,054 shares @ $18.96 on August 20, 2026

Insider buying activity at Orion Energy Systems over the past 90 days may reflect management confidence in the company's direction. Institutional investors and analysts often monitor insider purchases as a potential bullish indicator for the stock.

Based on SEC Form 4 filings over the last 90 days.

Financial Highlights

Orion Energy Systems generated $86.3M in revenue in FY2026, retaining a 32.6% gross margin, operating income reached -$1.6M (-1.9% operating margin), and net income was -$3.2M, reflecting a -3.7% net profit margin. Diluted earnings per share stood at -$0.89. The company generated -$1.1M in operating cash flow. With a current ratio of 1.41, the company maintains adequate short-term liquidity.

$86.3M
Revenue (FY2026)
-$3.2M
Net Income (FY2026)
-$1.1M
Operating Cash Flow

Upcoming Events

SEP
14
September 14, 2026 - September 16, 2026 Marketing

H.C. Wainwright Conference

CEO to present at H.C. Wainwright Global Investment Conference; one-on-one meetings. Webcast info on Orion investor page.

Orion Energy Systems has 1 upcoming scheduled event. The next event, "H.C. Wainwright Conference", is scheduled for September 14, 2026 (tomorrow). Investors can track these dates to stay informed about potential catalysts that may affect the OESX stock price.

Short Interest History

Last 12 Months

Short interest in Orion Energy Systems (OESX) currently stands at 54.8 thousand shares, up 140.1% from the previous reporting period, representing 1.6% of the float. Since September 2025, short interest has increased by 266.9%. This relatively low short interest suggests limited bearish sentiment.

Days to Cover History

Last 12 Months

Days to cover for Orion Energy Systems (OESX) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The ratio has shown significant volatility over the period, ranging from 1.0 to 2.4 days.

OESX Company Profile & Sector Positioning

Orion Energy Systems (OESX) operates in the Electrical Equipment & Parts industry within the broader Industrials sector and is listed on the NASDAQ.

Investors comparing OESX often look at related companies in the same sector, including Flux Pwr Hldgs Inc (FLUX), Asia Pacific Wir (APWC), E-Power Inc. (EPOW), Ideal Pwr Inc (IPWR), and CCSC Technology International Holdings Limited (CCTG). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate OESX's relative position within its industry.

Frequently Asked Questions

What is the current stock price of Orion Energy Systems (OESX)?

The current stock price of Orion Energy Systems (OESX) is $27.15 as of September 11, 2026.

What is the market cap of Orion Energy Systems (OESX)?

The market cap of Orion Energy Systems (OESX) is approximately $111.0M. Learn more about what market capitalization means .

What is the revenue of Orion Energy Systems (OESX) stock?

The FY2026 revenue of Orion Energy Systems (OESX) is $86.3M, from its most recent completed fiscal year.

What is the net income of Orion Energy Systems (OESX)?

The FY2026 net income of Orion Energy Systems (OESX) is -$3.2M, from its most recent completed fiscal year.

What is the earnings per share (EPS) of Orion Energy Systems (OESX)?

The diluted earnings per share (EPS) of Orion Energy Systems (OESX) is -$0.89 for FY2026, its most recent completed fiscal year. Learn more about EPS .

What is the operating cash flow of Orion Energy Systems (OESX)?

The operating cash flow of Orion Energy Systems (OESX) is -$1.1M. Learn about cash flow.

What is the profit margin of Orion Energy Systems (OESX)?

The net profit margin of Orion Energy Systems (OESX) is -3.7%. Learn about profit margins.

What is the operating margin of Orion Energy Systems (OESX)?

The operating profit margin of Orion Energy Systems (OESX) is -1.9%. Learn about operating margins.

What is the gross margin of Orion Energy Systems (OESX)?

The gross profit margin of Orion Energy Systems (OESX) is 32.6%. Learn about gross margins.

What is the current ratio of Orion Energy Systems (OESX)?

The current ratio of Orion Energy Systems (OESX) is 1.41, indicating the company's ability to pay short-term obligations. Learn about liquidity ratios.

What is the gross profit of Orion Energy Systems (OESX)?

The gross profit of Orion Energy Systems (OESX) is $28.1M for FY2026, its most recent completed fiscal year.

What is the operating income of Orion Energy Systems (OESX)?

The operating income of Orion Energy Systems (OESX) is -$1.6M. Learn about operating income.

What does Orion Energy Systems, Inc. do?

Orion Energy Systems, Inc. states that it provides energy efficiency and clean tech solutions, including LED lighting and controls, electric vehicle (EV) charging solutions, and maintenance services. The company focuses on turnkey design-through-installation solutions for large national customers and projects executed through ESCO and distribution partners.

In which industry and sector does Orion operate?

Orion operates in the commercial, industrial, and institutional electric lighting fixture manufacturing industry within the broader manufacturing sector. Its activities center on energy-efficient LED lighting, lighting controls, EV charging solutions, and related maintenance services.

How is Orion Energy Systems organized from a business standpoint?

According to its proxy materials, Orion has organized its commercial operations around two business units: Solutions and Partners. The Solutions unit develops and executes projects with large corporate, government, and other complex accounts across LED lighting, EV charging station, and electrical maintenance capabilities. The Partners unit focuses on LED lighting and EV charging product sales for ESCO and electrical contractor distribution partners.

What are Orion’s main business segments?

Public disclosures describe three main areas of activity: the Orion lighting segment, the Orion maintenance segment, and the Orion electric vehicle charging segment. The lighting segment develops and sells lighting products and provides construction and engineering services, the maintenance segment focuses on services for LED lighting systems, and the EV charging segment provides turnkey EV charging station solutions and related installation services.

Where is Orion Energy Systems headquartered and on which exchange is OESX listed?

SEC filings state that Orion Energy Systems, Inc. is incorporated in Wisconsin and lists its principal executive offices in Manitowoc, Wisconsin. The company’s common stock is listed on The Nasdaq Stock Market LLC (Nasdaq Capital Market) under the ticker symbol OESX.

What types of customers does Orion serve?

Company news releases describe Orion as working with large national and enterprise-level customers, including major retailers, government agencies, automotive industry customers, public school systems, and food-service distributors. These customers often operate many facilities across the United States and engage Orion for LED lighting, electrical infrastructure, EV charging projects, and maintenance services.

How does Orion describe its role in energy efficiency and clean tech?

Orion describes itself as providing energy efficiency and clean tech solutions that include LED lighting and controls, EV charging solutions, and maintenance services. It emphasizes helping customers achieve business, financial, and environmental goals with solutions that reduce carbon footprint and support healthy, safe, and sustainable operations.

Has Orion undertaken any recent capital structure changes?

Yes. Orion disclosed that its shareholders approved, and its board implemented, a 1-for-10 reverse stock split of its common stock, effected through an amendment to its Amended and Restated Articles of Incorporation. The company reports that this action contributed to regaining compliance with Nasdaq’s minimum bid price rule, allowing OESX to remain listed on the Nasdaq Capital Market.

What is the Voltrek earnout and how is it reflected in Orion’s filings?

Orion acquired Voltrek, LLC and has remaining earnout obligations related to that acquisition. Filings describe a binding term sheet and a senior subordinated loan agreement with Final Frontier, LLC, under which Orion agreed to defer payment of the remaining earnout amount. The obligation is evidenced by a senior subordinated note, with scheduled principal and interest payments and a security interest in substantially all of the company’s and certain subsidiaries’ assets, subordinated to Orion’s senior credit facilities with Bank of America.

How does Orion present its financial performance and outlook?

In its fiscal 2026 second quarter press release and proxy statement, Orion discusses revenue by segment (LED lighting, EV charging, and maintenance), gross profit margin, net loss, and adjusted EBITDA. The company highlights efforts to reduce operating expenses, improve gross margins, and restructure its organization and go-to-market strategy, and it has provided an outlook that anticipates modest revenue growth and a focus on improved bottom-line performance.

What is Orion’s approach to sustainability and governance?

Orion states in its news releases that it is committed to operating responsibly throughout all areas of the organization. It refers to sustainability and governance priorities, goals, and progress, and positions its energy efficiency and clean tech solutions as supporting customers’ environmental objectives, including reducing carbon footprint and enhancing business performance.