Key Developments For Orion Energy Systems, Inc.
Orion Energy Systems, Inc. (OESX.O) (Consolidated Issue listed on NASDAQ Global Market)
Orion Energy Systems, Inc. Issues Q3 2009 Guidance; EPS Guidance Above Analysts' Estimates
Orion Energy Systems, Inc. announced that for third quarter of 2010, it expects revenues to be between $16.5-$18.0 million and earnings per share (EPS) to be between a loss of $(0.03) and earnings of $0.01 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report $17.1 million and EPS of $(0.05) for the same period.
Orion Energy Systems, Inc. Announces Ames True Temper Reduces Energy Consumption, Greenhouse Gasses With Orion Virtual Power Plant Supply Contract
Four Ames True Temper locations announced that they have entered into energy supply agreements with Orion Energy Systems, Inc. that will create significant energy savings with no upfront costs or capital investment for the non-powered lawn and garden tools manufacturer. Other companies to recently enter into Orion's Virtual Power Plant negawatt supply agreement include Raynor Manufacturing, Dixon, Ill.; Queensgate Foods, Cincinnati, Ohio; RSVP Direct, Wheeling, Ill.; BorgWarner, Auburn Hills, Mich.; Performance Food Group, Rock Island, Ill.; Gould Paper, Edison, N.J.; and four Alpha Packaging locations. Orion now has commitments to supply over 110 million negawatts to customers of the OVPP. A negawatt is essentially reduced energy consumption generated by Orion's energy-efficient technology.
Orion Energy Systems, Inc. Receives Patent For Energy-Efficient Modular Lighting Platform
Orion Energy Systems, Inc. announced that on August 18, 2009, it was awarded a patent from the U.S. Patent and Trademark office for the energy management company's energy efficient modular lighting platform. The patent was awarded for the modular features of the system, which make initial installation, and the integration of additional energy saving technologies, easy and affordable.
Orion Energy Systems, Inc. Issues Q2 2009 Revenue Outlook; EPS Outlook Below Analysts' Estimates
Orion Energy Systems, Inc. announced that for the second quarter of 2009, it expects revenues to be between $13.2 million and $14.5 million. Loss per share is estimated to be between $0.07 and $0.11. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $14.3 million and earnings per share (EPS) of $(0.05) for the second quarter of 2009.
Orion Energy Systems, Inc. Appoints New President
Orion Energy Systems, Inc. announced the appointment of James R. Kackley, a member of Orion's Board of Directors, as President and Chief Operating Officer.
