Orion Wins LED Lighting Upgrade Contract for 400 Sites

Orion Energy Systems, Inc. (OESX) has secured a contract to implement lighting retrofit solutions for a significant building products distributor that operates over 400 locations in North America. The project, valued between $12 million and $18 million, is set to commence in Orion’s fiscal third quarter of 2025 and will span several years. The initiative aims to enhance energy efficiency and reduce the distributor’s carbon footprint through the installation of various LED lighting systems, which will also improve lighting quality and safety across all locations. Despite facing challenges from inflation and project delays, Orion has seen strong demand for its LED services, necessitating a price adjustment to maintain profit margins. Currently, the company holds a Zacks Rank of #4 (Sell) amidst a competitive market that has seen significant growth for others in the construction sector.

Orion Wins LED Lighting Upgrade Contract for 400 Sites

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