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Orion to Present at Emerging Growth Conference on February 26, 2026
Globenewswire· 2026-02-18 13:28
Core Viewpoint - Orion Energy Systems, Inc. will present at the Emerging Growth Conference on February 25-26, 2026, showcasing its energy-efficient solutions and providing an opportunity for real-time interaction with investors and analysts [1][2]. Company Overview - Orion Energy Systems specializes in energy efficiency and clean technology solutions, including LED lighting, electric vehicle (EV) charging stations, and maintenance services [7]. - The company focuses on turnkey design-through-installation solutions for large national customers and projects through ESCO and distribution partners, aiming to help customers achieve business and environmental goals [7]. Conference Details - The presentation will be led by CEO Sally Washlow and CFO Per Brodin, lasting 30 minutes, starting at 12:35 p.m. ET on February 26, 2026 [2]. - Attendees can submit questions in advance and during the event, with the aim of addressing as many inquiries as possible [3]. - An archived webcast will be available for those unable to attend the live event [4]. Conference Significance - The Emerging Growth Conference serves as a platform for public companies to present new products and services to the investment community efficiently [5]. - The conference covers a wide range of growth sectors and attracts a large audience, including individual and institutional investors, advisors, and analysts [6].
Thermal Energy Wins $1 Million Turnkey Project --- Ninth with Global Nutrition Company
TMX Newsfile· 2026-02-18 12:01
Ottawa, Ontario--(Newsfile Corp. - February 18, 2026) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, received an order for a turnkey heat recovery project worth approximately $1 million from a global nutrition company. The turnkey project will include adding one two-stage HeatSponge economizer to each of three natural gas fired boile ...
European Investment Bank Launching Financing Platform for Energy Efficiency
Yahoo Finance· 2026-02-11 16:04
Core Insights - The European Investment Bank (EIB) is committing €60 million ($71.1 million) to launch a financing platform with Solas Capital to enhance energy savings among businesses in Europe [1] - The initiative aims to support energy efficiency projects for small- and medium-sized enterprises (SMEs), which are considered vital to the European economy [1] - The platform is expected to mobilize nearly €400 million ($474 million) for deploying energy-efficient technologies across various EU countries [1] Investment Details - The EIB's investment will be directed into Solas Sustainable Energy Fund II (SSEF II) to promote energy efficiency [1] - The new co-financing platform follows a previous €30 million ($36 million) commitment to Solas Sustainable Energy Fund (SSEF) in 2022 [1] - The partnership aims to expand energy as a service financing, allowing firms to purchase fixed energy services instead of physical equipment [1] Impact on SMEs and Economy - The initiative is designed to lower energy costs and carbon footprints for SMEs, making them more competitive and environmentally friendly [1] - The EIB's vice president emphasized the real impact of energy efficiency on reducing energy bills and strengthening the European economy [1] - The platform will facilitate access to advanced technologies that provide immediate and measurable energy savings for SMEs [1]
Orion Announces Pricing of Public Offering of Common Stock
Globenewswire· 2026-01-30 13:00
Core Viewpoint - Orion Energy Systems, Inc. has announced a public offering of 500,000 shares of common stock priced at $14.00 per share, aiming to raise approximately $7.0 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The public offering consists of 500,000 shares priced at $14.00 each, with expected gross proceeds of around $7.0 million [1]. - The net proceeds will be utilized to reduce outstanding amounts under the existing credit agreement, with the remainder allocated for working capital and general corporate purposes [2]. - The offering is expected to close on or about February 2, 2026, subject to customary closing conditions [2]. Group 2: Regulatory and Compliance Information - A shelf registration statement on Form S-3 has been filed with the Securities and Exchange Commission and has been declared effective [3]. - The offering is being conducted only through a preliminary prospectus supplement and accompanying prospectus [3]. Group 3: Company Overview - Orion Energy Systems specializes in energy efficiency and clean technology solutions, including LED lighting, EV charging solutions, and maintenance services [5]. - The company focuses on providing turnkey design-through-installation solutions for large national customers and aims to help clients achieve business and environmental goals [5].
Orion Announces Proposed Public Offering of Common Stock
Globenewswire· 2026-01-29 21:43
Core Viewpoint - Orion Energy Systems, Inc. has announced a public offering of its common stock to reduce outstanding credit obligations and for general corporate purposes [1] Group 1: Offering Details - The public offering is firmly underwritten and subject to market conditions, with no assurance on completion or terms [1] - Craig-Hallum Capital Group LLC is the sole bookrunning manager for the offering [2] - A shelf registration statement has been filed with the SEC, and the offering will be made via a prospectus supplement [3] Group 2: Company Overview - Orion specializes in energy-efficient solutions, including LED lighting, EV charging stations, and maintenance services [5] - The company focuses on turnkey solutions for large national customers and aims to help clients achieve business and environmental goals [5]
Thermal Energy Achieves Record Revenue and Improved Profitability in Second Quarter
TMX Newsfile· 2026-01-27 12:01
Core Insights - Thermal Energy International Inc. reported record revenue and gross profit for Q2 2026, with a significant increase in adjusted EBITDA, highlighting strong operational execution and demand for its solutions [2][5][6] Financial Performance - Revenue for Q2 2026 reached $10.2 million, a 17% increase year-over-year, driven by heat recovery projects and GEM [5][6] - Gross profit also hit a record of $4.0 million, resulting in a gross margin of 39%, up from 33% in Q2 2025 [4][5] - Adjusted EBITDA surged by 202% to $814 thousand, while net income rose dramatically by 2,133% to $618 thousand compared to the same quarter last year [6][8] - Operating expenses increased by $605 thousand due to one-time costs and higher salary expenses, but were offset by increased revenues [7][10] Order Backlog and Business Outlook - The order backlog as of November 30, 2025, was $15.0 million, a 16% increase from the previous year, with orders received in Q2 totaling $5.9 million [11][12] - Subsequent to the quarter end, the company secured an additional $6.5 million in new orders, raising the current backlog to $21.5 million as of January 26, 2026 [12] Balance Sheet and Financial Health - The company reported a cash position of $2.0 million and working capital of $3.4 million at the end of the quarter, with negligible bank debt after repaying $130 thousand on a term loan [4][6]
Thermal Energy International to Announce Second Quarter Results on January 27, 2026
TMX Newsfile· 2026-01-21 12:01
Core Insights - Thermal Energy International Inc. will release its fiscal 2026 second quarter financial results on January 27, 2026, before market open [1] - An earnings conference call and webcast will be held at 8:30 a.m. ET on the same day, followed by a Q&A session for qualified equity analysts [1] Company Overview - Thermal Energy provides energy efficiency and carbon emission reduction solutions to major corporations, including Fortune 500 companies [5][6] - The company claims to recover up to 80% of energy lost in typical boiler plant and steam system operations, offering a high return on investment with a short payback period [5] - Thermal Energy operates as a fully accredited professional engineering firm with offices in Ottawa, Pittsburgh, and Bristol, and sales offices across several countries including Canada, the UK, the USA, Germany, Poland, and Italy [6] Financial Information - Financial statements and management's discussion will be filed on SEDAR+ and available on the company's website on the same day as the earnings release [3]
Thermal Energy Appoints Vincent Sands as Executive Vice President
TMX Newsfile· 2026-01-07 12:01
Core Insights - Thermal Energy International Inc. has appointed Vincent Sands as Executive Vice President, effective immediately, recognizing his contributions since joining the company in 2018 [1][2] Company Developments - The company plans to leverage BEI's established network of independent manufacturers' representatives across North America to expand its market reach, particularly for standardized equipment like GEM™ Trap products [2] - Thermal Energy aims to introduce BEI's HeatSponge condensing heat recovery economizer technologies into the European market, capitalizing on higher energy costs and carbon-reduction priorities [2] - Vincent Sands brings over three decades of experience in sales and engineering, making him well-suited for leadership in these initiatives [2] Company Background - Thermal Energy provides energy efficiency and emissions reduction solutions to Fortune 500 and large multinational companies, with the capability to recover up to 80% of energy lost in typical boiler plant and steam system operations [4] - The company operates as a fully accredited professional engineering firm with offices in Ottawa, Pittsburgh, and Bristol, and sales offices across Canada, the UK, the USA, Germany, Poland, and Italy [5]
Here's Why Honeywell International Inc. (HON) is a Strong Growth Stock
ZACKS· 2025-12-10 15:46
Company Overview - Honeywell International Inc. is a global diversified technology and manufacturing company based in Charlotte, NC, offering a wide range of products and services [12] - The company serves customers globally with aerospace products and services, energy-efficient solutions, and process technology, electronic and specialty chemicals [12] - Geographically, Honeywell's operations are distributed as follows: 57% in the United States, 22% in Europe, and 21% in other international markets [12] - As of the end of 2023, Honeywell employed approximately 95,000 people [12] Investment Potential - Honeywell is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of B, indicating a solid investment potential [12] - The company is considered a top pick for growth investors, with a Growth Style Score of B, forecasting a year-over-year earnings growth of 7.6% for the current fiscal year [13] - In the last 60 days, seven analysts have revised their earnings estimates higher for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.08 to $10.64 per share [13] - Honeywell has an average earnings surprise of +8.7%, further enhancing its attractiveness to investors [13]
Orion to Participate in Singular Research’s 19th Annual Best of the Uncovereds Conference on December 11, 2025
Globenewswire· 2025-12-08 13:30
Core Insights - Orion Energy Systems, Inc. will participate in Singular Research's 19th Annual Best of the Uncovereds Conference on December 11, 2025, highlighting its focus on energy-efficient solutions [1] - CEO Sally Washlow will present virtually and engage in one-on-one investor meetings during the event, indicating the company's commitment to investor relations [2] Company Overview - Orion specializes in energy efficiency and clean tech solutions, including LED lighting, EV charging solutions, and maintenance services, aiming to help customers achieve business and environmental goals [3] - The company offers turnkey design-through-installation solutions for large national customers and collaborates with ESCO and distribution partners [3] - Orion is dedicated to sustainability and responsible operations across its organization, with a focus on reducing carbon footprints and enhancing business performance [4]