Roth Capital Upgrades Orion Energy Systems (OESX) to Buy

Roth Capital analyst Craig Irwin upgraded Orion Energy Systems (NASDAQ: OESX) from Neutral to Buy with a price target of $10.00 (from $5.00).

The analyst comments "Upgrading shares of Orion to Buy with a $10 target (vs. our prior Neutral and $5 price target), as we believe there is now a 90% probability Orion captures the top-5 Acuity (AYI-Sell) customer mgmt has been pursuing. Acuity is having major trouble sourcing components to deliver key products, and we believe Orion just offers a much better deal. Raising estimates to reflect a late 2020 cut over for this ~$150m a year customer, but the move could happen much sooner."

For an analyst ratings summary and ratings history on Orion Energy Systems click here. For more ratings news on Orion Energy Systems click here.

Shares of Orion Energy Systems closed at $3.30 yesterday.

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