MANITOWOC, Wis., March  24, 2026  (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ:OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance

OESX

Orion Selected by Seven Customers for $21M in Electrical Contracting Engagements

Orion Energy Systems Secures $21M in New Contracts Driving Future Growth

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>MANITOWOC, Wis., March  24, 2026  (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ:OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Orion Energy Systems (OESX) has announced securing $21 million in electrical contracting engagements with major enterprise clients, suggesting robust demand in this sector. This development, coupled with expectations of continued growth into Fiscal 2027, could positively influence the company&#039;s financial performance and stock value.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Orion Energy Systems starts $21M electrical contracting for seven enterprise customers.</li><li>Clients include large logistics firms, public-sector agencies, and major retailers.</li><li>Company focuses on LED, EV charging, and maintenance services.</li><li>Growth in electrical contracting anticipated to continue into Fiscal 2027.</li><li>CEO highlights increasing demand for electrical contracting in modernization projects.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Large Logistics Company (N/A)</strong>: Represents significant revenue potential with operations nationwide.</li><li><strong>Major Retailer (N/A)</strong>: Engagement enhances Orion&#039;s presence in the retail sector.</li><li><strong>Automaker (N/A)</strong>: EV infrastructure projects cater to the automotive industry&#039;s future.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This press release falls under &#039;Corporate Developments&#039;, highlighting significant new contracts that bolster Orion&#039;s revenue and growth trajectory, crucial for investor focus.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The $21M contracts may enhance revenue visibility for OESX.</li><li>Increased scope in electrical contracting could improve profit margins.</li><li>Growth in EV infrastructure aligns with broader market trends for sustainability.</li><li>Success in these projects might attract more clients and contracts.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Orion Energy Systems has secured $21 million in contracts.</li><li>Contracts involve seven enterprise customers including large retailers and automakers.</li><li>Company is operational in 45 states as a licensed electrical contractor.</li><li>Fiscal 2026 ends on March 31, with growth expected to continue into Fiscal 2027.</li><li>CEO Sally Washlow emphasizes Orion&#039;s growing role in modernization projects.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish on OESX; expect price appreciation in the next 6-12 months.</p>
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</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>MANITOWOC, Wis., March  24, 2026  (GLOBE NEWSWIRE) -- <strong>Orion Energy Systems, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/OESX">OESX</a>) (<a href="https://www.globenewswire.com/Tracker?data=L5SbaaRskkDI0iZ_pDzbAbh1LYpEJlvmzxtZLPwUkptV6SvdoFKrJpNjmgB1-nytYBwR7IyUm3I1hmT74hdmmswuPEpROmRcGJIRWYMFXUU=" rel="nofollow" target="_blank">Orion Lighting</a>), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced that it has begun work on $21 million in electrical contracting engagements for seven enterprise customers.</p>    <p>A licensed electrical contractor in 45 states, Orion is taking an increasingly extensive role in electrical contracting for large enterprise facilities, whether it is the maintenance of an existing industrial plant or the new construction of a commercial building.</p>    <p>The seven customers announced today include one of America's most prominent logistics enterprises with operations in all 50 states, one of the largest public-sector agencies in the U.S., one of the country's largest retailers and two of the biggest automakers in the world.</p>    <p>Orion provides LED lighting, EV charging infrastructure and recurring maintenance services to numerous industrial facilities in sectors ranging from manufacturing to retail to the public sector. Electrical contracting has become a growth area for the company in the current Fiscal 2026, which ends on March 31. Orion expects this growth to continue in Fiscal 2027, which begins April 1.</p>    <p>"Orion has taken on a substantial role in electrical contracting for numerous global leaders," said Orion Chief Executive Officer Sally Washlow. "More and more, Orion is being approached for electrical contracting in the modernization and new construction of commercial and industrial facilities. We are proud to be serving as an important electrical contracting partner in these projects."</p>    <p><strong>About Orion Energy Systems</strong><br></br>Orion provides energy efficiency and clean tech solutions, including LED lighting and controls, electrical vehicle (EV) charging solutions, and maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers as well as projects through ESCO and distribution partners, with a commitment to helping customers achieve their business and environmental goals with healthy, safe, and sustainable solutions that reduce their carbon footprint and enhance business performance.</p>    <p>Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our sustainability and governance priorities, goals and progress <a href="https://www.globenewswire.com/Tracker?data=rQfMIc5jSKhYzE8GoGI1m7uEptDi5awv_Tb7akO7u1XRQOK_QcIodo3_sIcocoE-p5zv3qQeJxnSakJc8JEdfZcfV_CjiUxiRLYVupDNMvrw70oGcm3WA1yj11opCYxTIH38BS8TsYJmAMO9nb-27Q==" rel="nofollow" target="_blank">here</a>, or visit our website at <a href="https://www.globenewswire.com/Tracker?data=pqGLqfhClM74BDVd7AVuG6VfpD2T6qRMJiwp-ZQ6sUA5m4sB-kCrG4MDOhZzYoi4Aee7-bPl10iDybXyLwjf_tlwEyrjKHMCgT8OIqhFn3c=" rel="nofollow" target="_blank">www.orionlighting.com</a>.</p>    <p><strong>Non-GAAP Measures</strong><br></br>Orion uses adjusted EBITDA, a non-GAAP measure, to supplement the financial measures prepared in accordance with United States (U.S.) generally accepted accounting principles ("GAAP"). Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, adjusted for stock-based compensation, acquisition related costs, deferred financing costs, restructuring and severance costs, asset impairment and, earnout expenses) is not prepared in accordance with U.S. GAAP. Orion has provided guidance for this non-GAAP measure to help investors better understand its core operating performance, enhance comparisons of core operating performance from period to period, and allow better comparisons of operating performance to its competitors. Among other things, management uses this non-GAAP measure to evaluate the performance of the business and believes this measurement enables it to make better period-to-period evaluations of the financial performance of core business operations. The non-GAAP measurement is intended only as a supplement to the financial measures prepared in accordance with GAAP, and investors should consider this non-GAAP measurement in addition to, and not in substitution for or as superior to, the measurement of financial performance prepared in accordance with generally accepted accounting principles.</p>    <p><strong>Safe Harbor Statement</strong><br></br>Certain matters discussed in this press release, are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995, including the Company's expectations for future revenue and adjusted EBITDA. These forward-looking statements may generally be identified as such because the context of such statements will include words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "would" or words of similar import. Similarly, statements that describe our future plans, objectives or goals, including business relationships with government customers, are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected including, but not limited to, the risks described in our filings with the Securities and Exchange Commission.</p>    <p>Shareholders, potential investors and other readers are urged to consider risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at <a href="https://www.globenewswire.com/Tracker?data=RADKT9_VT4zLO4OcRr3shZRQC4VsxyEpgJG5FTYX8RExhzHO0zE8Pu8faSvlo0m4e7ZG8Cj0-pTNg-m4-nZLlA==" rel="nofollow" target="_blank">http://www.sec.gov</a> or at <a href="https://www.globenewswire.com/Tracker?data=RADKT9_VT4zLO4OcRr3shXsT6hPrDjbZBEXcWboUcGI60E3ebM7izl2jrRGjSy_MSmX_y4Z-iT6V5R5RAhhpGXjsSK_IxARllouN1S-DUC55pMeYeIBgBUR8Jmno_VdX" rel="nofollow" target="_blank">http://investor.oriones.com/</a> in the Investor Relations section of our Website. Except as required by applicable law, we assume no obligation to update any forward-looking statements publicly or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.</p>    <p align="justify"><strong>Engage with Us</strong><br></br><strong>X</strong>: <a href="https://www.globenewswire.com/Tracker?data=iMGU7vRIwPiIGw0EZmSWb4Tk38MdyeeiJ-CIVpE5DoZ6H0WIu8qtg-sziGO6RZx4-xOsBd52-6BT70evRDFBl3MA0qkpICTkbixuOSpQGrw=" rel="nofollow" target="_blank">@OrionLighting</a> and <a href="https://www.globenewswire.com/Tracker?data=iMGU7vRIwPiIGw0EZmSWb2HHZuW2itSUFLiJCiEXi_a8zv3QxB7pBy9apy1ZoC3reaPy4yyJIyDrMUCiqhv08G4X_Fk_ibFSDiOocOwr86g=" rel="nofollow" target="_blank">@OrionLightingIR</a><br></br><strong>StockTwits: </strong><a href="https://www.globenewswire.com/Tracker?data=pDpINWHPGU_xBD6RJLmfheWJ1eU5PSSk7dUCRXCGfuQBeQockhRlQCxXNvD8mKCROPMpLNq3Jq75yKCWR6I2JHidzkMdrPc2ZPmGcUM9PTk=" rel="nofollow" target="_blank">@OESX_IR</a></p>  <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td style="max-width:20%; width:20%; min-width:20%;"> </td><td style="max-width:40%; width:40%; min-width:40%;;vertical-align: bottom ; "><br></br><strong>Investor Relations Contacts </strong></td><td style="max-width:40%; width:40%; min-width:40%;;vertical-align: top ; "> </td></tr><tr><td> </td><td style="vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: top ; ">Per Brodin, CFO</td><td style="vertical-align: top ; ">Robert Ferri</td></tr><tr><td> </td><td style="vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: top ; ">Orion Energy Systems, Inc.</td><td style="vertical-align: top ; ">Robert Ferri Partners</td></tr><tr><td> </td><td style="vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: top ; "><a href="mailto:pbrodin@oesx.com?subject=IR%20Question" rel="nofollow" target="_blank">pbrodin@oesx.com</a></td><td style="text-align: justify ;  vertical-align: middle; vertical-align: top ; ">(415)575-1589 / <a href="mailto:robert.ferri@robertferri.com" rel="nofollow" target="_blank">robert.ferri@robertferri.com</a><br></br></td></tr></table><img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY3NzA0MSM3NDk5NTcyIzIwMDcxMzY="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZDA1MmM1MWYtMzg5NC00NzMyLTlmYTMtNTAzOGZkNDI2YzFkLTEwMTg3MDktMjAyNi0wMy0yNC1lbg==/tiny/Orion-Energy-Systems-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/6471a37e-b78c-454b-bbbc-889a7e73e74d"><img src="https://ml.globenewswire.com/media/6471a37e-b78c-454b-bbbc-889a7e73e74d/small/orion-logo-jpg.jpg" border="0" width="150" height="150" alt="Primary Logo"></img></a></p>

Orion Energy Systems (OESX) has announced securing $21 million in electrical contracting engagements with major enterprise clients, suggesting robust demand in this sector. This development, coupled with expectations of continued growth into Fiscal 2027, could positively influence the company's financial performance and stock value.

Orion Selected by Seven Customers for $21M in Electrical Contracting Engagements

AI Summary

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Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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