OESX
Orion Energy Systems, Inc.
NasdaqCMUSDEQUITY
Industrials
DELAYED
Strong buy
+61/100
Last price
28.40
▼ 1.65 (5.49%)
MARKET · —
Price
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Open
—
Prev close
30.05
Day high
30.14
Day low
28.13
Volume
58.36K
Market cap
$116.14M
P/E (TTM)
—
52W range
7.88 – 31.65
Trailing performance
Returnvs SPY
1W
-6.67%
-8.6%
1M
+13.60%
+12.4%
3M
+164.93%
+160.4%
6M
+200.53%
+182.3%
YTD
+84.66%
+70.4%
1Y
+243.83%
+227.4%
3Y
+125.40%
+43.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on OESX open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
575.20K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 20, 26 | WISHART-SMITH HEATHER L Director |
BUY | 1.05K | $19.99K | Direct |
| Aug 11, 26 | WASHLOW SALLY A Chief Executive Officer |
STOCK | 12.00K | $0 | Direct |
| Aug 11, 26 | SHAPIRO RICHARD A. Director |
STOCK | 2.53K | $0 | Direct |
| Aug 11, 26 | GREEN SCOTT A. President |
STOCK | 9.00K | $0 | Direct |
| Aug 11, 26 | WISHART-SMITH HEATHER L Director |
STOCK | 2.53K | $0 | Direct |
| Aug 11, 26 | RICHSTONE ELLEN B Director |
STOCK | 2.53K | $0 | Direct |
| Aug 11, 26 | BRODIN J PER Chief Financial Officer |
STOCK | 9.00K | $0 | Direct |
| Aug 11, 26 | OTTEN ANTHONY L Director |
STOCK | 2.53K | $0 | Direct |
| Jun 24, 26 | WASHLOW SALLY A Chief Executive Officer |
BUY | 2.73K | $25.93K | Direct |
| Feb 27, 26 | BRODIN J PER Chief Financial Officer |
BUY | 500 | $5.54K | Direct |
| Nov 19, 25 | WASHLOW SALLY A Chief Executive Officer |
BUY | 21.17K | $299.92K | Direct |
| Jul 1, 25 | WASHLOW SALLY A Chief Executive Officer |
STOCK | 200.00K | $0 | Direct |
| Jul 1, 25 | SHAPIRO RICHARD A. Director |
STOCK | 20.00K | $0 | Direct |
| Jul 1, 25 | GREEN SCOTT A. President |
STOCK | 150.00K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BRODIN J PER |
Chief Financial Officer | 85.26K | Stock Award(Grant) |
GREEN SCOTT A. |
President | 129.68K | Stock Award(Grant) |
JENKINS MICHAEL H |
Chief Executive Officer | 1.25M | Purchase |
OTTEN ANTHONY L |
Director | 25.97K | Stock Award(Grant) |
RICHSTONE ELLEN B |
Director | 35.90K | Stock Award(Grant) |
SHAPIRO RICHARD A. |
Director | 9.22K | Stock Award(Grant) |
WASHLOW SALLY A |
Chief Executive Officer | 61.36K | Stock Award(Grant) |
WISHART-SMITH HEATHER L |
Director | 13.01K | Purchase |
Fundamentals
Market cap$116.14M
Enterprise value$120.52M
Revenue (TTM)$92.47M
Gross profit$31.10M
EBITDA$3.02M
Net income$40.00K
EPS (TTM)$-0.07
Free cash flow$-3.52M
Total cash$5.17M
Total debt$9.55M
Book value / share$4.60
Shares outstanding4.09M
Float3.41M
Short % of float4.97%
Dividend yield0.00%
Beta (5Y)0.87
Valuation & profitability ratios
Trailing P/E—
Forward P/E14.56
PEG ratio1.62
Price / sales—
Price / book6.17
EV / revenue1.30
EV / EBITDA39.98
Gross margin33.63%
Operating margin8.20%
Profit margin0.04%
Return on equity0.27%
Return on assets1.81%
Debt / equity50.96
Current ratio1.54
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Total revenue | $86.31M | $79.72M | $90.58M | $77.38M | +8.3% |
| Operating revenue | $86.31M | $79.72M | $90.58M | $77.38M | +8.3% |
| Cost of revenue | $58.21M | $59.48M | $69.67M | $59.87M | -2.1% |
| Gross profit | $28.09M | $20.24M | $20.91M | $17.51M | +38.8% |
| Research & development | $945.00K | $1.23M | $1.50M | $1.85M | -23.1% |
| Selling, general & admin | $28.79M | $29.14M | $29.68M | $30.88M | -1.2% |
| Total operating expense | $29.73M | $30.36M | $31.17M | $32.73M | -2.1% |
| Operating income | -$1.64M | -$10.13M | -$10.26M | -$15.22M | +83.8% |
| Net interest income | -$950.00K | -$1.23M | -$845.00K | -$378.00K | +22.4% |
| Pre-tax income | -$3.10M | -$11.76M | -$11.63M | -$16.36M | +73.6% |
| Tax provision | $60.00K | $42.00K | $41.00K | $17.98M | +42.9% |
| Net income | -$3.16M | -$11.80M | -$11.67M | -$34.34M | +73.2% |
| Net income to common | -$3.16M | -$11.80M | -$11.67M | -$34.34M | +73.2% |
| Basic EPS | -0.89 | -3.60 | -3.59 | -10.80 | +75.3% |
| Diluted EPS | -0.89 | -3.60 | -3.59 | -10.80 | +75.3% |
| EBIT | -$2.32M | -$10.73M | -$10.88M | -$16.02M | +78.4% |
| EBITDA | -$536.00K | -$8.11M | -$8.29M | -$14.00M | +93.4% |
| Basic shares | 3.56M | 3.28M | 3.25M | 3.17M | +8.5% |
| Diluted shares | 3.56M | 32.83M | 32.49M | 31.70M | -89.2% |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $3.27M | $5.97M | $5.16M | $15.99M | -45.3% |
| Cash & short-term investments | $3.27M | $5.97M | $5.16M | $15.99M | -45.3% |
| Accounts receivable | $16.34M | $12.85M | $14.02M | $13.73M | +27.2% |
| Inventory | $10.30M | $11.39M | $18.25M | $18.20M | -9.6% |
| Total current assets | $37.68M | $35.50M | $44.82M | $50.36M | +6.2% |
| Property, plant & equipment | $6.11M | $8.03M | $9.59M | $10.47M | -23.8% |
| Goodwill & intangibles | $4.13M | $4.86M | $5.95M | $7.49M | -15.1% |
| Total assets | $51.60M | $52.46M | $63.17M | $71.58M | -1.6% |
| Total current liabilities | $26.69M | $26.84M | $28.05M | $24.45M | -0.6% |
| Current debt | $353.00K | $353.00K | $3.00K | $17.00K | 0.0% |
| Long-term debt | $5.62M | $9.97M | $10.00M | $10.00M | -43.6% |
| Total debt | $5.97M | $10.32M | $10.00M | $10.02M | -42.2% |
| Total liabilities | $34.98M | $40.58M | $40.63M | $38.33M | -13.8% |
| Retained earnings | -$118.06M | -$114.89M | -$103.09M | -$91.42M | -2.8% |
| Shareholder equity | $16.63M | $11.88M | $22.54M | $33.25M | +39.9% |
| Working capital | $10.99M | $8.65M | $16.77M | $25.91M | +27.1% |
| Net tangible assets | $12.50M | $7.02M | $16.60M | $25.76M | +78.0% |
| Shares issued | 4.82M | 42.47M | 42.04M | 41.77M | -88.7% |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Net income | -$3.16M | -$11.80M | -$11.67M | -$34.34M | +73.2% |
| Depreciation & amortisation | $1.78M | $2.62M | $2.59M | $2.02M | -31.9% |
| Stock-based compensation | $483.00K | $1.16M | $950.00K | $1.61M | -58.3% |
| Change in working capital | -$2.33M | $7.38M | -$3.31M | $9.65M | -131.6% |
| Operating cash flow | -$1.08M | $599.00K | -$10.09M | -$2.29M | -280.1% |
| Capital expenditure | -$86.00K | -$105.00K | -$837.00K | -$595.00K | +18.1% |
| Investing cash flow | -$86.00K | $128.00K | -$731.00K | -$6.20M | -167.2% |
| Financing cash flow | -$1.54M | $90.00K | -$14.00K | $10.01M | -1,813.3% |
| Free cash flow | -$1.17M | $494.00K | -$10.93M | -$2.89M | -335.8% |
| End cash position | $3.27M | $5.97M | $5.16M | $15.99M | -45.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $25.74M | $25.72M | $21.09M | $19.92M | $19.57M | +0.1% |
| Operating revenue | $25.74M | $25.72M | $21.09M | $19.92M | $19.57M | +0.1% |
| Cost of revenue | $16.83M | $16.21M | $14.58M | $13.74M | $13.67M | +3.8% |
| Gross profit | $8.91M | $9.51M | $6.51M | $6.18M | $5.90M | -6.3% |
| Research & development | $268.00K | $269.00K | $237.00K | $231.00K | $208.00K | -0.4% |
| Selling, general & admin | $6.53M | $10.01M | $5.88M | $6.19M | $6.71M | -34.8% |
| Total operating expense | $6.80M | $10.28M | $6.12M | $6.42M | $6.91M | -33.9% |
| Operating income | $2.11M | -$773.00K | $386.00K | -$242.00K | -$1.01M | +373.1% |
| Net interest income | -$116.00K | -$146.00K | -$254.00K | -$330.00K | -$220.00K | +20.5% |
| Pre-tax income | $1.95M | -$1.48M | $178.00K | -$571.00K | -$1.23M | +232.1% |
| Tax provision | -$5.00K | $19.00K | $18.00K | $10.00K | $13.00K | -126.3% |
| Net income | $1.96M | -$1.50M | $160.00K | -$581.00K | -$1.24M | +230.8% |
| Net income to common | $1.96M | -$1.50M | $160.00K | -$581.00K | -$1.24M | +230.8% |
| Basic EPS | 0.48 | -0.39 | 0.05 | -0.17 | -0.40 | +223.1% |
| Diluted EPS | 0.47 | -0.39 | 0.04 | -0.17 | -0.40 | +220.5% |
| EBIT | $2.05M | -$1.35M | $381.00K | -$291.00K | -$1.06M | +252.2% |
| EBITDA | $2.29M | -$890.00K | $713.00K | $219.00K | -$578.00K | +356.7% |
| Basic shares | 4.06M | 3.88M | 3.54M | 3.50M | 3.33M | +4.7% |
| Diluted shares | 4.16M | 3.88M | 3.64M | 3.50M | 3.33M | +7.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $5.17M | $3.27M | $4.72M | $5.16M | $3.56M | +58.2% |
| Cash & short-term investments | $5.17M | $3.27M | $4.72M | $5.16M | $3.56M | +58.2% |
| Accounts receivable | $14.39M | $16.34M | $13.25M | $11.51M | $13.53M | -12.0% |
| Inventory | $10.37M | $10.30M | $9.87M | $10.43M | $10.30M | +0.6% |
| Total current assets | $39.24M | $37.68M | $32.80M | $32.01M | $32.67M | +4.1% |
| Property, plant & equipment | $6.01M | $6.11M | $7.37M | $7.82M | $7.83M | -1.7% |
| Goodwill & intangibles | $4.01M | $4.13M | $4.25M | $4.38M | $4.62M | -2.9% |
| Total assets | $53.30M | $51.60M | $48.25M | $47.90M | $49.02M | +3.3% |
| Total current liabilities | $25.56M | $26.69M | $24.23M | $23.95M | $26.55M | -4.2% |
| Current debt | $264.00K | $353.00K | $803.00K | $653.00K | $353.00K | -25.2% |
| Long-term debt | $6.26M | $5.62M | $9.04M | $9.25M | $8.13M | +11.4% |
| Total debt | $6.53M | $5.97M | $9.84M | $9.90M | $8.49M | +9.3% |
| Total liabilities | $34.56M | $34.98M | $36.41M | $36.52M | $38.21M | -1.2% |
| Retained earnings | -$116.10M | -$118.06M | -$116.56M | -$116.72M | -$116.14M | +1.7% |
| Shareholder equity | $18.75M | $16.63M | $11.84M | $11.38M | $10.81M | +12.7% |
| Working capital | $13.68M | $10.99M | $8.57M | $8.06M | $6.11M | +24.4% |
| Net tangible assets | $14.74M | $12.50M | $7.58M | $7.00M | $6.18M | +17.9% |
| Shares issued | 4.07M | 4.82M | 4.31M | 4.31M | 4.30M | -15.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $1.96M | -$1.50M | $160.00K | -$581.00K | -$1.24M | — | +230.8% |
| Depreciation & amortisation | $233.00K | $458.00K | $332.00K | $510.00K | $484.00K | — | -49.1% |
| Stock-based compensation | $159.00K | $163.00K | -$3.00K | $157.00K | $166.00K | — | -2.5% |
| Change in working capital | -$1.03M | -$2.22M | -$1.61M | $1.50M | -$7.00K | — | +53.6% |
| Operating cash flow | $1.35M | -$1.49M | -$897.00K | $1.82M | -$515.00K | — | +191.0% |
| Capital expenditure | -$6.00K | -$25.00K | — | -$257.00K | -$55.00K | -$50.00K | +76.0% |
| Investing cash flow | -$6.00K | -$25.00K | $251.00K | -$257.00K | -$55.00K | — | +76.0% |
| Financing cash flow | $554.00K | $55.00K | $212.00K | $29.00K | -$1.84M | — | +907.3% |
| Free cash flow | $1.35M | -$1.51M | -$646.00K | $1.56M | -$570.00K | — | +189.1% |
| End cash position | $5.17M | $3.27M | $4.72M | $5.16M | $3.56M | — | +58.2% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.24 | 0.48 | +100.3% |
| Mar 2026 | 0.26 | 0.04 | -83.1% |
| Dec 2025 | -0.02 | 0.04 | +300.0% |
| Sep 2025 | -0.10 | -0.16 | -58.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.15 | 1 | $23.80M | +19.5% |
| Next quarter | 0.26 | 1 | $24.60M | +16.7% |
| Current year | 1.31 | 1 | $101.80M | +18.0% |
| Next year | 1.95 | 1 | $112.37M | +10.4% |
Analyst targets & ownership
Mean target$36.50
High target$43.00
Low target$30.00
Implied upside28.52%
Analyst count2
ConsensusNONE
Strong buy / Buy0 / 2
Hold0
Sell / Strong sell0 / 0
Held by insiders14.07%
Held by institutions44.61%
Institutions holding39
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
29.93
-5.10% from price
SMA 20
28.70
-1.04% from price
SMA 50
23.04
+23.29% from price
SMA 100
16.54
+71.67% from price
SMA 200
14.40
+97.26% from price
EMA 12
29.34
-3.21% from price
EMA 26
27.41
+3.61% from price
EMA 50
23.89
+18.88% from price
RSI (14)
54.9
Neutral
MACD (12,26,9)
1.93
Hist -0.36
ATR (14)
1.81
6.38% of price
Realised vol 30D
107.2%
Annualised
Bollinger upper
31.75
20, 2σ
Bollinger lower
25.65
20, 2σ
50 / 200 cross
Golden
23.04 vs 14.40
Trend bias
Above 200
+97.26%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.72
Less volatile than market
Correlation to SPY
0.09
Largely independent
Realised vol 30D
107.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-52.8%
Peak to trough
Max drawdown 5Y
-87.7%
Peak to trough
ATR 14
1.81
6.38% of price
Beta (reported)
0.87
5Y monthly, from filing
Short interest
Shares short
168.30K
Prior 54.84K
Change vs prior
+206.9%
Shorts adding
% of float
4.97%
Normal
% of shares out
4.12%
Against total outstanding
Days to cover
1.6
Liquid
Float
3.41M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 16, 25 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
| Jun 27, 25 | Craig-Hallum | MAINTAINED | Buy | Buy |
| Jun 27, 25 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
| Feb 12, 25 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
| Aug 8, 24 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
| Jun 7, 24 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
| Feb 8, 24 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
| Aug 10, 23 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
| Jun 7, 23 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
| Feb 10, 23 | HC Wainwright & Co. | MAINTAINED | — | Buy |
| Jun 8, 22 | B. Riley Securities | MAINTAINED | — | Neutral |
| Nov 10, 21 | B. Riley Securities | DOWNGRADE | Buy | Neutral |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split1:10
Split dateAug 22, 2025
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-15
Corporate Changes & Voting Matters
8-K · 2026-08-07
Corporate Changes & Voting Matters
8-K · 2026-08-05
Proxy Statements
DEFA14A · 2026-06-24
Annual Report to Shareholders
ARS · 2026-06-23
Periodic Financial Reports
10-K · 2026-06-04
Specialized Disclosure Report filed pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals (Rule 13p-1)
SD · 2026-05-29
Corporate Changes & Voting Matters
8-K · 2026-05-19
Headlines
Orion Energy Systems Takes Prominent Role At FM Solutions Summit And Numerous Other Industry Events
GlobeNewswire · 22h ago
Orion Energy (OESX) Raises Guidance. How Firm is the Retailer Opportunity?
Insider Monkey · 17d ago
Orion Announces Major US Retailer’s Additional Commitment for Estimated $10M-15M; Increases FY27 Revenue Outlook to $100M - $102M
GlobeNewswire · 22d ago
Orion Shares Rise After Additional Multimillion-Dollar Deployment of LED Lighting System
MT Newswires · 29d ago
Orion Announces Additional Multimillion-Dollar Data Center Engagement With Major Global Hyperscaler; Order Quickly Follows Inaugural Multimillion-Dollar Initiative
GlobeNewswire · 29d ago
Orion to Present at the 28th Annual H.C. Wainwright Global Investment Conference
GlobeNewswire · 35d ago
Orion Energy Systems Reaffirms FY2027 Outlook After 32% Revenue Growth
MarketBeat · 48d ago
Presenting on Emerging Growth Conference 95 Day 1 on August 19; Register to live stream
GlobeNewswire · 50d ago
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