Orion Energy Wins $12 Million Contract for Lighting Retrofit Project

Orion Energy Systems, Inc. (NASDAQ: OESX), a provider of energy-efficient lighting solutions, has secured a significant contract to retrofit lighting systems for a prominent North American Building Products distributor at over 400 locations. The project, valued between $12 to $18 million, is set to commence in the third quarter of fiscal year 2025 and is expected to take several years to complete. Orion anticipates generating approximately $1 million in revenue from this deal, which includes comprehensive services such as lighting audits and LED installation. Currently trading at $0.84, analysts project potential price targets between $2 and $3 for the stock, which may indicate it is undervalued. CEO Michael Jenkins emphasized the project’s potential to enhance energy efficiency and safety while reducing the client’s carbon footprint. The company recently discussed its fiscal 2025 Q2 results, addressing both challenges and promising trends during an earnings call, providing investors with insights into its financial health and outlook.

Orion Energy Wins $12 Million Contract for Lighting Retrofit Project

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