Orion Energy Raises Fiscal 2027 Revenue Guidance Amid Data Center and Retail Growth
Orion Energy (OESX) has raised its full-year fiscal 2027 revenue guidance to a range of $100 million to $102 million following strong second-quarter performance. The company is seeing significant momentum from two primary drivers: high-margin custom LED deployments for hyperscale data centers and large-scale lighting retrofit contracts with national retailers. Management highlighted a multimillion-dollar follow-on commitment from a major retailer valued between $10 million and $15 million, as well as a second major deployment for a global cloud computing provider. Additionally, the company is positioned to benefit from an industry-wide LED replacement cycle, as older energy-efficient systems reach the end of their operational lifespans.
Tickers: $OESX
Topics: Data Center Lighting Fiscal Year 2027 Retail Contracts Revenue Guidance
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