Fly News Breaks for May 21, 2019
May 21, 2019 | 07:03 EDT
H.C. Wainwright analyst Amit Dayal raised his price target for Orion Energy Systems to $3.75 from $1.75 citing the company's recent momentum in order activity. Since February, Orion has announced three contracts with the same customer that was not named for competitive reasons, totaling up to $110M that are expected to be completed by March 31, 2020, Dayal tells investors in a research note. He maintains a Buy rating on the shares.
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