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Fly News Breaks for April 3, 2019
OESX, HD
Apr 3, 2019 | 11:01 EDT
Roth Capital analyst Craig Irwin upgraded Orion Energy (OESX) to Buy from Neutral after the company announced that it has expanded the retrofit of "a national account customer's" lighting systems and anticipates additional revenue of $35M under the contract. The analyst, who believes the follow-on order comes from Home Depot (HD), now sees healthy visibility for a return to profitability for Orion. To reflect the improved revenue visibility, Irwin increased his price target on Orion shares to $3 from $1.