Acorn Energy’s (ACFN) “Buy (B-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their buy (b-) rating on shares of Acorn Energy (NASDAQ:ACFN) in a report released on Wednesday morning,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Acorn Energy to a “strong-buy” rating in a research report on Saturday, September 6th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Acorn Energy Trading Down 4.9%

ACFN stock opened at $25.41 on Wednesday. The firm has a market cap of $63.53 million, a price-to-earnings ratio of 8.95 and a beta of 0.14. Acorn Energy has a fifty-two week low of $10.80 and a fifty-two week high of $33.00.

About Acorn Energy

Acorn Energy, Inc, through its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and internationally. It operates through two segments, Power Generation (PG) Monitoring and Cathodic Protection (CP) Monitoring. The PG segment provides wireless remote monitoring and control systems, and services for critical assets, which include stand-by power generators, compressors, pumps, pumpjacks, light towers, turbines, and other industrial equipment; and Internet of Things applications.