Interview with the CEO: Orion Energy Systems, Inc. (NASDAQ:OESX)
Mike Altschaefl was appointed CEO at Orion Energy Systems, Inc. in 2017. He has been a Director since 2009. He has been Board Chair since 2016. Previously, he was President of Still Water Partners, Inc., a private investment firm, and President of E-S Plastic Products LLC, a custom manufacturer of plastic injection parts. He also has been Chairman at both businesses. Previously, he was Vice President – Strategy and Business Development of Shiloh Industries, Inc., a public company and independent manufacturer of advanced metal product solutions for high-volume applications in the North American automotive, heavy truck, trailer and consumer markets. He also was an owner and Chief Executive Officer of Albany-Chicago Company LLC, a custom die cast and machined components company when Shiloh Industries purchased the company in December 2012. A CPA, he also worked at public accounting firms. Profile
News Category Global Banking & Finance Reviews
Turnkey LED Lighting Systems and Controls Provider Orion Secures Expanded $25M Revolving Credit Facility with Bank of America, N.A.
Turnkey LED Lighting Systems and Controls Provider Orion Secures Expanded $25M Revolving Credit Facility with Bank of America, N.A.
MANITOWOC, Wis., Jan. 05, 2021 Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), is a provider of LED lighting systems and turnkey project implementation, including installation and commissioning of fixtures, controls and IoT capabilities, ongoing system maintenance and program management. Orion today announced it entered into a new and expanded five-year $25.0 million revolving credit facility with Bank of America, N.A. effective December 29, 2020. The facility replaces Orion’s prior $20.15 million facility with Western Alliance Bank and provides Orion with increased financing capacity and liquidity to support continued growth and execution of the Company
Is Orion Energy Systems (OESX) a Smart Long-term Buy?
Heartland Value Fund recently released its third-quarter investor letter – a copy of which is available for download here. The fund posted a return of 6.6% for the quarter, outperforming its benchmark, the Russell 2000 Value Index which returned 2.6% in the same quarter. You should check out Heartland’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q3 2020 Investor Letter, Heartland Advisors highlighted a few stocks and Orion Energy Systems Inc. (NASDAQ:OESX) is one of them. Orion Energy Systems Inc. (NASDAQ:OESX) is an American LED lighting and intelligent controls enterprise. Year-to-date, Orion Energy Systems Inc. (NASDAQ:OESX) stock gained 199% and on December 21st it had a closing price of $10.01. Here is what Heartland Advisors said: