OESX - Orion Energy Systems: The Green Lights Are Dimming

• Orion Energy Systems is a light manufacturing and servicing company that has won many U.S government contracts due to its Buy American Act compliance.
• After a stellar year for its stock and a poor year for its earnings, the company is trading at an extreme valuation that is far above normal industrial equity levels.
• The consensus growth outlook for Orion is very strong, however I have doubts considering its historically low profit margins and extreme dependence on one customer.
• With its stock showing signs of peaking, I believe OESX is a solid short opportunity as its valuation declines to more reasonable levels.

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