#4 - Orion Energy Systems (NASDAQ:OESX)
Orion Energy Systems (OESX) Year-to-date gain = 43%
There’s a big story that is moving the energy sector that has nothing to do with the price of oil. Orion Energy Systems (NASDAQ:OESX) provides energy-efficient lighting solutions for commercial applications. This extends into the emerging trend towards wireless control systems using smart technology.
Before many office spaces and warehouses got shut down due to sheltering in place orders, business owners were looking for ways to reduce energy costs. And one way to do that is by paying attention to the lighting you use. And as businesses slowly begin to re-open, I expect this trend to continue.
In the meantime, however, the show must go on. And that means that there are warehouses and distribution centers are being built to service the e-commerce needs of our nation. And that is another catalyst for OESX stock which is up 43% for the year yet still has an attractive price-earnings ratio of just fewer than 12.
Orion has posted three consecutive quarters of profitable earnings. Since the beginning of the year, Orion has been reviewed by four analysts and has a consensus 12-month price target of $7. That would be a nearly 50% gain from the stock’s current level.
About Orion Energy Systems
Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).
Read More - Current Price
- $0.84
- Consensus Rating
- Buy
- Ratings Breakdown
- 1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $3.00 (258.5% Upside)
