Orion Energy Systems, Inc. (NASDAQ: OESX) disclosed a recent insider purchase by one of its senior finance executives. Brodin J Per - who holds the titles of executive vice president, chief financial officer, chief accounting officer and treasurer - bought 500 shares of Orion common stock on February 27, 2026, at a price of $11.07 per share. The transaction had a total value of $5,535 and increased Brodin's direct ownership in the company to 92,811 shares.
In addition to the ordinary shares acquired, Brodin holds stock options covering 12,500 shares with an exercise price of $6. These options become exercisable in three equal tranches conditional on Orion's average closing sale price reaching specified thresholds - $30.00, $40.00 and $50.00 - respectively.
Orion's recent operating results provide context for the insider purchase. The company reported Q3 FY2026 revenue of $21.1 million, up from $19.6 million in the same quarter a year earlier. For the period, Orion recorded net income of $160,000, or $0.04 per share, reversing a net loss of $1.5 million, or $0.46 per share, in Q3 FY2025.
Alongside the quarterly results, Orion secured a $3.1 million electrical contracting contract with a long-standing enterprise customer. The award is described as a continuation of an $11 million initiative announced the prior year and is focused primarily on electrical contracting related to EV charging station projects.
Analyst commentary cited through InvestingPro notes expectations that Orion will be profitable this year and that net income is forecast to grow. Reported analyst price targets span from $20 to $24 per share. InvestingPro is also referenced as offering a Pro Research Report with additional analytical content and metrics.
Summary of the transaction and related company developments:
- Brodin purchased 500 shares at $11.07 on February 27, 2026, for $5,535 total.
- Brodin's direct holdings rose to 92,811 shares; he also holds options for 12,500 shares exercisable at $6 under specified price triggers.
- Orion reported Q3 FY2026 revenue of $21.1 million and net income of $160,000 ($0.04 per share), improving from a prior-year loss.
- The company won a $3.1 million electrical contracting contract tied to an $11 million initiative focused on EV charging station work.
These items together paint a picture of recent insider buying at a time when the company has reported sequentially stronger results and secured additional project work. The disclosure of the option exercise conditions provides clarity on the senior executive's potential upside if share prices reach the stated benchmarks.