Equities research analysts at Rodman & Renshaw initiated coverage on shares of Orion Energy Systems (NASDAQ: OESX) in a research note to investors on Thursday. The analysts set an "outperform" rating and a $6.00 price target on the stock.
Shares of Orion Energy Systems opened at 3.91 on Friday. Orion Energy Systems has a 52 week low of $2.10 and a 52 week high of $4.94. The stock's 50-day moving average is $3.75 and its 200-day moving average is $3.78. The company has a market cap of $89.3 million and a price-to-earnings ratio of 78.20.
Orion Energy Systems, Inc. (Orion) designs, manufactures, markets and implements energy management systems consisting of energy efficient lighting systems, controls and related services. The Company have sold and installed the high intensity fluorescent (HIF) fixtures in over 5,600 facilities across North America, representing over 886 million square feet of commercial and industrial building space, including companies, such as Anheuser-Busch Companies, Inc. and SYSCO Corp. The energy management system includes the HIF lighting system, the InteLite wireless lighting controls, the Apollo Solar Light Pipe, which collects and focuses renewable daylight and consumes no electricity, and integrated energy management services. The services provided by the Company includes site assessment, site field verification, utility incentive and government subsidy management, engineering design, project management, installation services, and recycling in connection with the retrofit installations.
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