5 Best EV Charging Infrastructure Stocks to Buy Now

2. Orion Energy Systems, Inc. (NASDAQ:OESX)

Short Percentage of Shares Outstanding: 0.48% 

On June 8, Orion Energy Systems, Inc. (NASDAQ:OESX) announced the first customer deployment of its MPHL2 LED Lighting solution, a product specifically developed to address the needs of hyperscale data center operators. The customized lighting platform was created in collaboration with Orion’s channel partners and is designed to deliver meaningful energy efficiency improvements in data center environments. While the initial deployment covers a single facility, management indicated that the opportunity could expand significantly over the coming months and years as adoption increases. The launch represents another step in Orion’s strategy of targeting high-growth end markets where energy efficiency and operational performance remain critical priorities.

Earlier, on June 4, Orion Energy Systems, Inc. (NASDAQ:OESX) reported fourth-quarter revenue of $25.72 million, up from $20.9 million in the prior-year period. The company also delivered its sixth consecutive quarter of positive adjusted EBITDA, underscoring continued progress in its turnaround efforts. Chief Executive Officer Sally Washlow stated that the company’s results reflect the benefits of a strengthening sales pipeline, growing business from major customers, a resilient supply chain, and disciplined cost management. Management also expressed confidence that fiscal 2027 will further demonstrate Orion’s transition from a turnaround story into a sustainable growth company with improving profitability.

Founded in 1996 and headquartered in Manitowoc, Wisconsin, Orion Energy Systems, Inc. (NASDAQ:OESX) provides energy management solutions that include LED lighting systems, intelligent controls, and Internet of Things-enabled building technologies. The company also supports EV charging infrastructure through turnkey installation, deployment, and maintenance services for commercial, educational, and municipal customers across North America.