Orion Continues To Expect FY24 Revenue Growth Of 30% Or More To ~$100M, With The Bulk Of The Increase Occurring In 2H; EV Is Anticipated To Strengthen In 2H FY24 Due To Increased Project Activation And Equipment Sales Through Partners
Portfolio Pulse from Benzinga Newsdesk
Orion Energy Systems (OESX) expects FY 2024 revenue growth of 30% or more to approximately $100M, with most of the increase occurring in the second half of the year. The company's EV is anticipated to strengthen in 2H FY24 due to increased project activation and equipment sales through partners. LED lighting growth is also expected in 2H FY'24 from a range of large national account projects currently underway or anticipated over the balance of the fiscal year.
November 07, 2023 | 1:00 pm
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Orion Energy Systems expects significant revenue growth and strengthening of EV in the second half of FY24, driven by increased project activation, equipment sales, and LED lighting growth.
The company's projected revenue growth and strengthening of EV in the second half of FY24 indicates a positive outlook for the company's financial performance. This could potentially lead to an increase in the company's stock price in the short term.
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