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With an innovative business model and better than expected results, Orion Energy Systems, Inc (OESX) recently saw its share price increased by 25%. The company’s P/B value per share stands at 4.5x, which is expensive as compared to other competitors. Orion reports negative FCF and negative EBITDA. This seems like a lofty valuation, and the company may need to sell equity soon, which could prompt a share price decline. With this in mind, it seems to represent a selling opportunity.
Business
Founded in 1996, Orion designs and sells wireless Internet of Things systems