Orion Energy (OESX) Systems announced LED lighting and Electrical Infrastructure engagements representing revenue of more than $4.7M for two major enterprise customers. The larger of the two engagements, valued at $3.6M in revenue, calls for installations and upgrades of Electrical Infrastructure and LED lighting at facilities of a large enterprise with a workforce of 18,000 employees. The second engagement, expected to be completed during Orion’s current fiscal year of FY 2026, includes installations and upgrades of Electrical Infrastructure and LED lighting at five facilities in four U.S. states. The $1M engagement marks the start of a multi-year initiative by the enterprise. The work is part of a multi-year upgrade and new-construction effort by the enterprise customer for numerous facilities in the United States. Orion expects to be assigned significantly more work by the customer on a frequent basis.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OESX:
- More Homeowner Interest is Not Helping Home Depot Stock (NYSE:HD)
- Orion Energy announces renewal of LED lighting preventative maintenance contract
- Orion Energy Systems Finalizes Acquisition Agreements
- Orion Energy secures $11M in projects from government agency customer
- Orion Energy price target adjusted to $20 at H.C. Wainwright after reverse split