LED Lighting Stock Orion Energy Systems (OESX) Gains over 9% on Analyst Upgrade
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New York, NY - August 19, 2013 (Investorideas.com renewable energy stocks newswire) Investorideas.com, an investor research portal specializing in sector research for independent investors, including renewable energy stocks issues a trading alert for LRD lighting company, Orion Energy Systems, Inc (NYSE MKT: OESX), trading at $3.47, up 0.31 or 9.73% as of 11:30AM EDT on just over 129,000 shares.
The company reported first quarter results on August 1, with revenues up 36%.
The stock was upgraded to a buy today by Alpha Street Research.
Orion Energy Systems, Inc. (NYSE MKT: OESX) is a leading power technology enterprise that designs, manufactures and deploys energy management systems - consisting primarily of high-performance, energy efficient high intensity fluorescent (HIF) and light emitting diode (LED) lighting platforms, intelligent wireless control systems and direct renewable solar technology for commercial and industrial customers - without compromising their quantity or quality of light. Since December 2001, Orion’s technology has benefitted its customers and the environment by reducing its customer’s:
- Energy demand by 823,192 kilowatts, or 27.9 billion kilowatt-hours;
- Energy costs by $2.1 billion; and
- Indirect carbon dioxide emission by 18.1 million tons
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