Orbital Energy Group, Inc. provides electric power and solar infrastructure, and integrated energy infrastructure solutions and services in the United States, the United Kingdom, and internationally. The company provides engineering, procurement, and construction services that support the development of renewable energy generation focused on utility-scale solar construction; and designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure and substation facilities, as well as offers emergency restoration services, including the repair of infrastructure damaged by inclement weather. It also provides services to the electric transmission and substation, industrial, communication towers, and disaster restoration market sectors. In addition, the company offers natural gas infrastructure and advanced technology, including metering, odorization, and remote telemetry units; and personalized gas engineering solutions to the gas utilities, power generation, emissions, manufacturing, and automotive industries under the GasPT and VE Technology names. The company was founded in 1998 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NASDAQ
Website: orbitalenergygroup.com
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B. Riley Securities resumed coverage of Orbital Energy Group with a rating of Buy and set a new price target of $7.00
Alliance Global Partners initiated coverage of Orbital Energy Group with a rating of Buy and set a new price target of $16.50
B. Riley upgraded Orbital Energy Group from Neutral to Buy
B. Riley FBR upgraded Orbital Energy Group from Neutral to Buy and set a new price target of $12.00 from $4.00 previously
Craig Hallum reiterated coverage of Orbital Energy Group with a rating of Buy and set a new price target of $15.00 from $2.00 previously
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4 - Orbital Infrastructure Group, Inc. (0001108967) (Issuer)
4 - Orbital Infrastructure Group, Inc. (0001108967) (Issuer)
4 - Orbital Infrastructure Group, Inc. (0001108967) (Issuer)
4 - Orbital Infrastructure Group, Inc. (0001108967) (Issuer)
4 - Orbital Infrastructure Group, Inc. (0001108967) (Issuer)
4 - Orbital Infrastructure Group, Inc. (0001108967) (Issuer)
4 - Orbital Infrastructure Group, Inc. (0001108967) (Issuer)
4 - Orbital Infrastructure Group, Inc. (0001108967) (Issuer)
4 - Orbital Infrastructure Group, Inc. (0001108967) (Issuer)
4 - Orbital Infrastructure Group, Inc. (0001108967) (Issuer)
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Rebrand aligns with the company's go-forward infrastructure services strategy HOUSTON, Aug. 1, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG), a diversified infrastructure services platform, providing engineering, design, construction, and maintenance services to customers in the electric power, telecommunications, and renewable industries, today announced the rebranding of the company to Orbital Infrastructure Group, Inc. (NASDAQ:OIG) ("OIG" or the "Company"), to align with the Company's infrastructure strategy, and its continued expansion and market diversification. In addition to rebranding the Company, OIG has relocated its corporate domicile from the State of Colorado t
Records Positive Adjusted EBITDA of $3.8 Million and Reiterates Full-Year 2022 Financial Guidance HOUSTON, May 16, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital Energy" or the "Company") today reported its financial results for the first quarter ended March 31, 2022. First Quarter Summary Revenues of $70.3 million, compared to $41.0 million in the prior quarter and $5.6 million for the first quarter of 2021;Gross profit of $11.6 million compared to a gross loss of $2.5 million in the first quarter of 2021;Operating loss of $1.8 million, an improvement
HOUSTON, May 11, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital Energy" or the "Company") today announced that it will issue its financial results for the first quarter ended March 31, 2022 before the market opens on Monday, May 16, 2022. Orbital Energy Vice Chairman and CEO Jim O'Neil and CFO Nick Grindstaff will host a conference call to discuss the results on Monday, May 16, 2022, at 8:30 am ET. To access the call, please dial (678) 894-3054 and provide conference ID 3716707. A live webcast of the conference call and accompanying slide presentation c
HOUSTON, May 11, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital") and nZero Group Limited ("nZero Group") today announced that they have entered into a share purchase agreement (the "Agreement") under which Orbital will sell its UK gas business, Orbital Gas Systems Ltd ("Orbital-UK") to nZero Group. Effective immediately, nZero Group will assume operations of Orbital's UK and European business, including sales and distribution of the GasPT Technology. Orbital retains potential licensing and royalty rights to certain GasPT projects. Excluded from the Agr
HOUSTON, May 3, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital Energy" or the "Company") today announced that it has closed its previously announced registered direct offering with a single institutional investor, to purchase 16,153,847 shares of the Company's common stock (or common stock equivalents) at an effective purchase price of $1.30 per share and warrants to purchase 16,153,847 shares of its common stock at an exercise price of $1.31 per share for gross proceeds of approximately $21.0 million. The warrants have a five-year term and are exercisable six months following the date of issuance.
HOUSTON, April 29, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital") has reached an agreement in principle with the Front Line Power Construction, LLC ("Front Line") Sellers to pay $20,000,000 in exchange for an extension of the remaining sums due under the recently announced Amendment No. 2 until December 31, 2022. "This amendment greatly enhances the company's ability to execute on its infrastructure strategy and reduces capital constraints to achieve our 2022 financial expectations," said Jim O'Neil, Vice Chairman and CEO of Orbital. "We thank the Fro
HOUSTON, April 29, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital Energy" or the "Company") today announced that it has entered into a definitive agreement with a single institutional investor, for the purchase and sale of 16,153,847 shares of the Company's common stock (or common stock equivalents) at a purchase price of $1.30 per share and warrants to purchase 16,153,847 shares of its common stock at an exercise price of $1.31 per share in a registered direct offering for gross proceeds of approximately $21.0 million before deducting placement agent fees and other estimated offering expenses. The warrants will have a five-year term and will become exercisable six mo
New Structure and Accomplished Executive Team Designed to Further Accelerate Solar Division's Efficiency and Profitability HOUSTON, April 26, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("OEG" or the "Company") today announced the reorganization of its Solar Division and appointment of Robert Burns as president of its subsidiary, Orbital Solar Services (OSS), effective April 25, 2022. Effective immediately, OSS is now a part of OEG's telecom division, Gibson Technical Services ("GTS"). Mike McCracken, GTS's chief executive officer, will become chief executive
HOUSTON, April 12, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital"), announced that IMMCO, Inc, a subsidiary of Gibson Technical Services, Inc ("GTS"). and Orbital, has entered into a multi-year agreement with a major infrastructure deployment company in Australia, to deploy iBISS®, IMMCO's advanced GIS-based digital network mapping, collaboration, and workflow platform, to improve the efficiency of the buildout of a fiber-to-the-premise (FTTP) project that will provide high-performance broadband to hundreds of thousands of Australian residences. IMMCO
Revenue and Backlog increases of 65% and 28%, respectively from the Third Quarter of 2021 HOUSTON, March 30, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital Energy" or the "Company") today reported its financial results for the three months and twelve months ended December 31, 2021. Fourth Quarter SummaryRevenues of $41.0 million, compared to $24.8 million in the prior quarter and $7.6 million for the fourth quarter of 2020;Loss from continuing operations, net of income taxes of $15.7 million compared to a loss of $9.5 million in the prior quarter and a
8-K - Orbital Infrastructure Group, Inc. (0001108967) (Filer)
PRE 14A - Orbital Infrastructure Group, Inc. (0001108967) (Filer)
8-K - Orbital Infrastructure Group, Inc. (0001108967) (Filer)
8-K/A - Orbital Infrastructure Group, Inc. (0001108967) (Filer)
8-K - Orbital Infrastructure Group, Inc. (0001108967) (Filer)
8-K/A - Orbital Infrastructure Group, Inc. (0001108967) (Filer)
10-Q - Orbital Infrastructure Group, Inc. (0001108967) (Filer)
8-K - Orbital Infrastructure Group, Inc. (0001108967) (Filer)
8-K - Orbital Infrastructure Group, Inc. (0001108967) (Filer)
8-K - Orbital Infrastructure Group, Inc. (0001108967) (Filer)
Live Leadership Updates
New Structure and Accomplished Executive Team Designed to Further Accelerate Solar Division's Efficiency and Profitability HOUSTON, April 26, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("OEG" or the "Company") today announced the reorganization of its Solar Division and appointment of Robert Burns as president of its subsidiary, Orbital Solar Services (OSS), effective April 25, 2022. Effective immediately, OSS is now a part of OEG's telecom division, Gibson Technical Services ("GTS"). Mike McCracken, GTS's chief executive officer, will become chief executive
HOUSTON, Sept. 30, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("OEG" or the "Company") today announced the appointment of The Honorable La Doris (Dot) Harris as the Company's Chief Diversity Officer and Chief Executive Officer (CEO) for its subsidiary, Orbital Solar Services (OSS), effective October 1, 2021. "We are proud to announce the appointment of Dot Harris to lead our diversity and renewable strategies. Dot is an incredibly accomplished executive with extensive energy sector and diversity experience, making her an ideal choice to lead our renewable a
HOUSTON, Aug. 11, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("OEG") today announced its telecommunications subsidiary, Gibson Technical Services, Inc. ("GTS"), has appointed industry veteran Scott Stokes as its new chief technology officer ("CTO"). Mr. Stokes is a program management executive with more than 30 years of experience in engineering, planning, design and operation of telecommunications networks. Prior to joining GTS, Mr. Stokes served as business operations director and manager of ISP/OSP Engineering & Construction at Jacobs. His skillset inclu
HOUSTON, Aug. 3, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG), today announced the appointments of "legendary educator" Jerry Sue Thornton and former National Security Agency (NSA) Chief Information Officer, La Forrest Williams, to its Board of Directors (the "Board"), effective immediately. Following the appointments, the Board has been expanded to 10 directors, 7 of whom are independent. "We are thrilled to welcome these two highly-qualified, experienced individuals as board members," said Jim O'Neil, OEG's CEO & vice-chairman. "Both bring many years of valua
HOUSTON, June 7, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. [NASDAQ:OEG], today announced the appointment of veteran financial executive Paul T. Addison, to its Board of Directors (the "Board"), effective immediately. Mr. Addison joins the Board as an independent director, expanding the Board to 8 directors, 5 of whom are independent. "Paul's many years of broad financial experience across the energy value chain and public utilities market, coupled with his insight in finance, capital markets, and corporate governance will add valuable perspective to our Board," said Jim O'Neil, OEG's CEO & vice-chairman. "We are excited to welcome him as a director and look forward to benefitting from
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Live finance-specific insights
HOUSTON, May 11, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital Energy" or the "Company") today announced that it will issue its financial results for the first quarter ended March 31, 2022 before the market opens on Monday, May 16, 2022. Orbital Energy Vice Chairman and CEO Jim O'Neil and CFO Nick Grindstaff will host a conference call to discuss the results on Monday, May 16, 2022, at 8:30 am ET. To access the call, please dial (678) 894-3054 and provide conference ID 3716707. A live webcast of the conference call and accompanying slide presentation c
Revenue and Backlog increases of 65% and 28%, respectively from the Third Quarter of 2021 HOUSTON, March 30, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital Energy" or the "Company") today reported its financial results for the three months and twelve months ended December 31, 2021. Fourth Quarter SummaryRevenues of $41.0 million, compared to $24.8 million in the prior quarter and $7.6 million for the fourth quarter of 2020;Loss from continuing operations, net of income taxes of $15.7 million compared to a loss of $9.5 million in the prior quarter and a
HOUSTON, March 28, 2022 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital Energy" or the "Company") today announced that it will issue its financial results for the fourth quarter and full-year ended December 31, 2021 after the market closes on Wednesday, March 30, 2022. Orbital Energy Vice Chairman and CEO Jim O'Neil and CFO Nick Grindstaff will host a conference call to discuss the results on Wednesday, March 30, 2022, at 5:00 pm ET. To access the call, please dial (678) 894-3054 and provide conference ID 4586413. A live webcast of the conference call and acc
HOUSTON, Nov. 15, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital Energy" or the "Company") today reported unaudited financial results for the three and nine months ended September 30, 2021. Third Quarter Highlights Revenues of $30.9 million, compared to $16.3 million in the prior quarter and $13.6 million for the third quarter of 2020; Gross profit of $3.8 million, compared to gross loss of $1.2 million in the second quarter of 2021 and gross profit of $2.4 million in the prior-year quarter; Operating loss of $11.7 million, a $6.5 million sequential imp
HOUSTON, Nov. 1, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital Energy" or the "Company") today announced that it will hold a conference call to discuss its financial results for the third quarter ended September 30, 2021 before market opens on Monday, November 15, 2021. Orbital Energy Vice Chairman and CEO Jim O'Neil and CFO Daniel Ford will host the call. The conference call and webcast will be held, Monday, November 15, 2021, at 8:30 am ET. To access the call, please dial (888) 734-0328 or (678) 894-3054 and provide conference ID 1137919. A live webc
HOUSTON, Oct. 26, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("OEG") today announced its telecommunications subsidiary, Gibson Technical Services, Inc. ("GTS"), has entered into a definitive Purchase Agreement to acquire 100% of Full Moon Telecom LLC ("Full Moon"), a Florida-based, privately-owned telecommunications service provider that offers an extensive array of wireless service capabilities and experience including Layer 2/Layer 3 Transport, Radio Access Network ("RAN") Integration, test and turn-up of Small Cell systems and Integration/Commissioning of Distributed Antenna ("DAS") systems.
HOUSTON, Aug. 16, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital Energy" or the "Company") today reported unaudited financial results for the three and six months ended June 30, 2021. Financial and Operating Highlights: Reported total revenues of $16.3 million for the second quarter of 2021, a 110% increase compared to $7.8 million for the second quarter of 2020; Gross loss was $1.2 million for the second quarter of 2021, compared to gross profit of $1.0 million for the second quarter of 2020, the decrease was attributable to ramp-up costs associated w
HOUSTON, Aug. 6, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital Energy" or the "Company") today announced that it will hold a conference call to discuss financial results for the second quarter ended June 30, 2021 before market open on Monday, August 16, 2021. Orbital Energy Vice Chairman and CEO Jim O'Neil and CFO Daniel Ford will host the call. The conference call and webcast will be held, Monday, August 16, 2021, at 8:30 am ET. To access the call, please dial (888) 734-0328 or (678) 894-3054 and provide conference ID 8195529. A live webcast of the c
HOUSTON, July 30, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) today announced that the company will be participating in the upcoming virtual D.A. Davidson Bison Select Conference on August 4, 2021. Orbital Energy's Chief Executive Officer, Jim O'Neil and Chief Financial Officer, Daniel Ford are scheduled to present on Wednesday, August 4, 2021 at 2:30 p.m. Eastern time. The virtual D.A. Davidson Bison Select Conference will provide investors the opportunity to meet with executive management from public and private companies in various sectors from emerging mic
HOUSTON, May 17, 2021 /PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ:OEG) ("Orbital Energy" or the "Company") today reported unaudited financial results for the three months ended March 31, 2021. Financial and Operating Highlights: Reported total revenues of $9.5 million for the first quarter of 2021, a 67% increase compared to $5.7 million for the first quarter of 2020; Gross loss was $1.3 million for the first quarter of 2021, compared to gross profit of $0.6 million for the first quarter of 2020, the decrease was attributable to ramp-up costs at Orbital Power Se