Wall Street Zen upgraded shares of Acorn Energy (NASDAQ:ACFN – Free Report) from a hold rating to a buy rating in a report released on Saturday morning,Wall Street Zen reports.
Separately, Weiss Ratings restated a “hold (c)” rating on shares of Acorn Energy in a research note on Wednesday, November 4th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Get Our Latest Research Report on ACFN
Acorn Energy Stock Up 5.6%
NASDAQ ACFN opened at $15.45 on Friday. Acorn Energy has a twelve month low of $12.42 and a twelve month high of $23.75. The business has a 50-day moving average price of $18.82 and a 200-day moving average price of $18.37. The firm has a market cap of $38.78 million, a price-to-earnings ratio of 17.56 and a beta of 0.41.
Acorn Energy (NASDAQ:ACFN – Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $2.59 million for the quarter. Acorn Energy had a return on equity of 10.06% and a net margin of 16.12%.
Acorn Energy Company Profile
Acorn Energy, Inc is a technology company focused on energy infrastructure management and remote monitoring solutions. Through its operating businesses, the company develops systems that help customers monitor, control and maintain distributed energy assets and other critical infrastructure.
Acorn Energy’s principal operating business is OmniMetrix, which provides remote monitoring and control solutions for backup power generators and cathodic protection systems. Its products use communications networks and cloud-based software to provide alerts, operating information and other data intended to help customers improve equipment reliability, maintenance and regulatory compliance.
The company serves customers in markets that include telecommunications, data centers, utilities, commercial and industrial facilities, healthcare and other organizations that depend on backup power or infrastructure protection.
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