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Orion Energy Systems, Inc.. (OESX) Stock Fundamental Analysis & AI Rating 2026

OESX Nasdaq Electric Lighting & Wiring Equipment WI CIK: 0001409375
Recently Updated • Analysis: Apr 13, 2026 • SEC Data: 2025-12-31
SELL
78% Conf
Pending
Analysis scheduled

📊 OESX Key Takeaways

Revenue: $60.6M
Net Margin: -2.7%
Free Cash Flow: $349.0K
Current Ratio: 1.35x
Debt/Equity: 0.83x
EPS: $-0.48
AI Rating: SELL with 78% confidence
Orion Energy Systems, Inc.. (OESX) receives a SELL rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $60.6M, net profit margin of -2.7%, and return on equity (ROE) of -14.1%, Orion Energy Systems, Inc.. demonstrates mixed fundamentals in the Utilities sector. Below is our complete OESX stock analysis for 2026.

Is Orion Energy Systems, Inc.. (OESX) a Good Investment?

Claude

Orion Energy Systems is operationally unprofitable with stagnant revenue growth (1.0% YoY), negative operating income (-$869K), and inadequate interest coverage (-6.4x), indicating the company cannot service its $9.8M debt from operations. While positive free cash flow and 30.7% gross margins suggest some operational viability, deteriorating liquidity (quick ratio 0.95x) and high leverage relative to negative earnings create significant financial distress.

Why Buy Orion Energy Systems, Inc.. Stock? OESX Key Strengths

Claude
  • + Positive operating cash flow of $407K and free cash flow of $349K demonstrate core operations generate some cash
  • + Reasonable gross margin of 30.7% indicates underlying product/service economics remain viable
  • + Capital-light business model with minimal CapEx ($58K) reduces financial burden and provides flexibility

OESX Stock Risks: Orion Energy Systems, Inc.. Investment Risks

Claude
  • ! Persistent unprofitability with operating loss of -$869K, net loss of -$1.7M, and negative returns (ROE -14.1%, ROA -3.5%)
  • ! Deteriorating liquidity position with quick ratio of 0.95x (below critical 1.0x threshold) and only $4.7M cash against $36.4M liabilities
  • ! Unsustainable debt structure with $9.8M long-term debt relative to negative operating income and interest coverage ratio of -6.4x signals default risk

Key Metrics to Watch

Claude
  • * Operating margin progress toward breakeven and positive profitability to sustain debt service
  • * Revenue growth acceleration above current flat 1% YoY trend to demonstrate market demand
  • * Quick ratio recovery above 1.0x and debt reduction to stabilize financial position and reduce default risk

Orion Energy Systems, Inc.. (OESX) Financial Metrics & Key Ratios

Revenue
$60.6M
Net Income
$-1.7M
EPS (Diluted)
$-0.48
Free Cash Flow
$349.0K
Total Assets
$48.3M
Cash Position
$4.7M

💡 AI Analyst Insight

The relatively thin 0.6% FCF margin may limit capital allocation flexibility.

OESX Profit Margin, ROE & Profitability Analysis

Gross Margin 30.7%
Operating Margin -1.4%
Net Margin -2.7%
ROE -14.1%
ROA -3.5%
FCF Margin 0.6%

OESX vs Utilities Sector: How Orion Energy Systems, Inc.. Compares

How Orion Energy Systems, Inc.. compares to Utilities sector averages

Net Margin
OESX -2.7%
vs
Sector Avg 12.0%
OESX Sector
ROE
OESX -14.1%
vs
Sector Avg 10.0%
OESX Sector
Current Ratio
OESX 1.4x
vs
Sector Avg 0.8x
OESX Sector
Debt/Equity
OESX 0.8x
vs
Sector Avg 1.4x
OESX Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Orion Energy Systems, Inc.. Stock Overvalued? OESX Valuation Analysis 2026

Based on fundamental analysis, Orion Energy Systems, Inc.. has mixed fundamental signals relative to the Utilities sector in 2026.

Return on Equity
-14.1%
Sector avg: 10%
Net Profit Margin
-2.7%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.83x
Sector avg: 1.4x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Orion Energy Systems, Inc.. Balance Sheet: OESX Debt, Cash & Liquidity

Current Ratio
1.35x
Quick Ratio
0.95x
Debt/Equity
0.83x
Debt/Assets
75.5%
Interest Coverage
-6.39x
Long-term Debt
$9.8M

OESX Revenue & Earnings Growth: 5-Year Financial Trend

OESX 5-year financial data: Year 2021: Revenue $149.2M, Net Income -$6.7M, EPS $-0.23. Year 2022: Revenue $149.2M, Net Income $12.5M, EPS $0.40. Year 2023: Revenue $122.9M, Net Income $26.1M, EPS $0.83. Year 2024: Revenue $122.9M, Net Income $6.1M, EPS $0.19. Year 2025: Revenue $90.5M, Net Income -$34.3M, EPS $-1.08.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Orion Energy Systems, Inc..'s revenue has declined by 39% over the 5-year period, indicating business contraction. The most recent EPS of $-1.08 indicates the company is currently unprofitable.

OESX Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
0.6%
Free cash flow / Revenue

OESX Quarterly Earnings & Performance

Quarterly financial performance data for Orion Energy Systems, Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $19.4M $160.0K $0.04
Q2 2025 $19.1M -$581.0K $-0.17
Q1 2025 $19.4M -$1.2M $-0.04
Q3 2024 $19.4M -$1.5M $-0.05
Q2 2024 $19.1M -$3.6M $-0.11
Q1 2024 $17.6M -$3.8M $-0.12
Q3 2023 $19.4M -$2.3M $-0.07
Q2 2023 $17.5M -$2.3M $-0.07

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Orion Energy Systems, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$407.0K
Cash generated from operations
Stock Buybacks
$20.0K
Shares repurchased (TTM)
Capital Expenditures
$58.0K
Investment in assets
Dividends
None
No dividend program

OESX SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Orion Energy Systems, Inc.. (CIK: 0001409375)

📋 Recent SEC Filings

Date Form Document Action
Mar 20, 2026 8-K oesx-20260317.htm View →
Feb 27, 2026 4 xslF345X05/form4.xml View →
Feb 5, 2026 10-Q oesx-20251231.htm View →
Feb 5, 2026 8-K oesx-20260205.htm View →
Feb 2, 2026 8-K d52207d8k.htm View →

Frequently Asked Questions about OESX

What is the AI rating for OESX?

Orion Energy Systems, Inc.. (OESX) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are OESX's key strengths?

Claude: Positive operating cash flow of $407K and free cash flow of $349K demonstrate core operations generate some cash. Reasonable gross margin of 30.7% indicates underlying product/service economics remain viable.

What are the risks of investing in OESX?

Claude: Persistent unprofitability with operating loss of -$869K, net loss of -$1.7M, and negative returns (ROE -14.1%, ROA -3.5%). Deteriorating liquidity position with quick ratio of 0.95x (below critical 1.0x threshold) and only $4.7M cash against $36.4M liabilities.

What is OESX's revenue and growth?

Orion Energy Systems, Inc.. reported revenue of $60.6M.

Does OESX pay dividends?

Orion Energy Systems, Inc.. does not currently pay dividends.

Where can I find OESX SEC filings?

Official SEC filings for Orion Energy Systems, Inc.. (CIK: 0001409375) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is OESX's EPS?

Orion Energy Systems, Inc.. has a diluted EPS of $-0.48.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is OESX a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Orion Energy Systems, Inc.. has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is OESX stock overvalued or undervalued?

Valuation metrics for OESX: ROE of -14.1% (sector avg: 10%), net margin of -2.7% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy OESX stock in 2026?

Our dual AI analysis gives Orion Energy Systems, Inc.. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is OESX's free cash flow?

Orion Energy Systems, Inc..'s operating cash flow is $407.0K, with capital expenditures of $58.0K. FCF margin is 0.6%.

How does OESX compare to other Utilities stocks?

Vs Utilities sector averages: Net margin -2.7% (avg: 12%), ROE -14.1% (avg: 10%), current ratio 1.35 (avg: 0.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 13, 2026 | Data as of: 2025-12-31 | Powered by Claude AI