Acorn Energy (NASDAQ:ACFN) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• Acorn Energy has been upgraded to a "strong-buy" rating by Wall Street Zen, highlighting a positive outlook for the company's stock.
• Despite the upgrade, Acorn Energy's shares are currently trading down 1.3%, with a price of $24.16.
• The company's market capitalization is approximately $60.40 million, with a price-to-earnings ratio of 8.51.

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

Separately, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Acorn Energy in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy".

Acorn Energy Trading Down 1.3%

Shares of NASDAQ:ACFN opened at $24.16 on Friday. Acorn Energy has a 52 week low of $11.00 and a 52 week high of $33.00. The company has a market capitalization of $60.40 million, a price-to-earnings ratio of 8.51 and a beta of 0.14.

Acorn Energy Company Profile

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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