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An announcement from Orion Energy Systems ( (OESX) ) is now available.
On January 29, 2026, Orion Energy Systems entered into an underwriting agreement with Craig-Hallum Capital Group LLC for a firm underwritten public offering of 500,000 shares of its common stock, which closed on February 2, 2026 and generated approximately $6.4 million in net proceeds. The company plans to use the funds primarily to pay down amounts outstanding under its existing credit agreement, with the balance allocated to working capital and general corporate purposes, and has agreed, along with its directors and executive officers, to a 90-day lock-up on additional share sales after the closing, underscoring a focus on balance sheet strengthening and capital structure discipline for stakeholders.
The most recent analyst rating on (OESX) stock is a Hold with a $16.50 price target. To see the full list of analyst forecasts on Orion Energy Systems stock, see the OESX Stock Forecast page.
Spark’s Take on OESX Stock
According to Spark, TipRanks’ AI Analyst, OESX is a Neutral.
The score is driven primarily by improving operations and cash generation (revenue rebound, better margins, positive operating/free cash flow) and supportive technical trend (price above major moving averages with positive MACD). These positives are tempered by continued net losses (negative P/E) and earnings-call risks including LED lighting softness and EV charging revenue uncertainty.
To see Spark’s full report on OESX stock, click here.
More about Orion Energy Systems
Orion Energy Systems, Inc., which operates as Orion Lighting, is a provider of energy-efficiency and clean-tech solutions, including LED lighting and controls, electric vehicle (EV) charging stations, and maintenance services. The company focuses on turnkey design-through-installation projects for large national customers as well as work through ESCO and distribution partners, aiming to help clients meet business and environmental goals with sustainable, carbon-reducing solutions.
Average Trading Volume: 62,432
Technical Sentiment Signal: Hold
Current Market Cap: $53.53M
Learn more about OESX stock on TipRanks’ Stock Analysis page.