Orion Energy Systems, Inc. (OESX) Posts Wider-than-Expected Q4 Loss

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Go back to Orion Energy Systems, Inc. (OESX) Posts Wider-than-Expected Q4 Loss

Roth Trims PT on Orion Energy Systems (OESX) to $6; LED Hiccup Doesn't Disrupt Story

May 13, 2014 6:59 AM EDT

Roth Capital maintains its Buy rating on Orion Energy Systems, Inc. (AMEX: OESX), but trimes its price target from $8 to $6 followng Q1 results reported Monday night.

Analyst Philip Shen said, The primary driver of the weak FQ4 results, and the main focus on the call, was the protracted sales cycle in LED lighting as customers weigh several retrofit options. LED is still ramping, and its value... More