Orion Energy Systems Up 19% On Strong Earnings

Orion Energy Systems, Inc. OESX shares are rising sharply today, gaining 66 cents to $4.18, a gain of 18.75% after the company reported strong earnings. Volume is also exceptionally strong today, having traded 350,000 shares, which is more than seven times the average daily volume. The company reported fourth quarter net income of $1.8 million, which translates to a gain of 8 cents per share. Revenues soared from last year, going to $31.6 million, an increase of 68%. Orion Energy Systems, Inc. engages in the development, manufacture, and sale of lighting and energy management systems, controls, and services.