Orion Energy: Shares rise on contract extension

Orion Energy Systems

09/12/2020 12:42

** Lighting platforms maker's shares  OESX.O  rise 3.2% to
$9.93 premarket 
    ** OESX wins a $40 mln contract extension for turnkey LED
lighting and controls retrofit at 290 additional locations of
its existing retail customer
    ** Co expects to recognize revenue from additional locations
starting Q4 2021 through Q3 2022
    ** OESX shares have nearly tripled in value this year

 (Reporting by Shariq Khan in Bengaluru)
 ((Shariq.Khan@thomsonreuters.com; Twitter: @shariqrtrs))