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May 13, 2014
08:42 EDTOESXOrion Energy price target lowered to $6 from $8 at Roth Capital
Roth Capital cut its price target on Orion after the company reported results that the firm views as disappointing. However, the firm continues to expect the company to benefit from demand for high efficiency lighting, and it keeps a Buy rating on the shares.
News For OESX From The Last 14 Days
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May 27, 2015
08:33 EDTOESXOrion Energy confirms FY16 guidance ahead of upcoming investor conferences
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May 21, 2015
16:15 EDTOESXOrion Energy sees returning to historical margin levels
"Now that the legacy inventory issues and adjustment to addressing the rapid LED sales transition are well behind the company, we believe margins will begin to return to historical levels. Further, the changes in our operating infrastructure that were implemented earlier this year are expected to reduce approximately $10M in expenses... Orion launched several new products at Lightfair in May, and... received numerous orders at the event. We are now seeing accelerating sales in each of our core target markets for LED retrofit products, including industrial, commercial and exterior applications," said Orion during its earnings release.
16:13 EDTOESXOrion Energy reports Q4 EPS (19c), three estimates (17c)
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