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We bought 5,000 shares of Orion Energy Systems (OESX) at $2.70 on June 7 of this year for the SHU portfolio, and the shares had quite an eventful day in reaction of Q1 2020 figures published before the markets opened:
First, the shares rallied strongly on the revenue and EPS beat, but then, doubts sunk in, and the shares tanked in a really exaggerated manner, we have to say.
We think the markets were spooked a little when management guided H2 as coming in somewhat weaker than H1, and there is also no guarantee