Acorn Energy (NASDAQ:ACFN) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of Acorn Energy (NASDAQ:ACFN) from a strong-buy rating to a buy rating in a research report report published on Saturday.

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Acorn Energy Stock Down 0.1%

Shares of NASDAQ ACFN opened at $25.38 on Friday. Acorn Energy has a 12 month low of $10.91 and a 12 month high of $33.00. The company has a market cap of $63.45 million, a PE ratio of 8.94 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.