Acorn Energy (NASDAQ:ACFN) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Acorn Energy's stock rating has been downgraded from "strong-buy" to "buy" by Wall Street Zen, indicating a shift in analyst sentiment.
• Weiss Ratings has reaffirmed a "buy (b-)" rating on Acorn Energy, while MarketBeat lists an average rating of "Buy" for the stock.
• The stock price is currently down 4.9% at $25.41, significantly impacted by its range of $10.80 to $33.00 over the past year.

Acorn Energy (NASDAQ:ACFN - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Acorn Energy in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Acorn Energy currently has an average rating of "Buy".

Acorn Energy Stock Down 4.9%

NASDAQ:ACFN opened at $25.41 on Friday. Acorn Energy has a one year low of $10.80 and a one year high of $33.00. The company has a market capitalization of $63.53 million, a P/E ratio of 8.95 and a beta of 0.14.

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.

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