OESX - Orion cheers contract extensions for major national retail customer

Orion Energy Systems (OESX) +6.2% PM, nabbed new contract extensions of ~$41M for the retrofit of 295 additional locations, representing the next phase of a turnkey LED lighting and controls retrofit project for an existing large national retail customer.The retailer has also awarded Orion projects as the lighting and controls partner for certain new construction projects.After recent contract extensions, Orion now expects to complete the retrofit of at least 400 locations before the close of FY ending March 31, 2021, representing ~$56M in product and services revenue.Quick look at company's total revenue in past 11 quarters:The company expects to be selected for completing the retrofit of the retailer’s remaining locations during 4Q21 and FY22.Wall Street Analysts rating is Very Bullish on the stock, PT $8.63.

For further details see:

Orion cheers contract extensions for major national retail customer