Acorn Energy (NASDAQ:ACFN) Receives Buy (B) Rating from Weiss Ratings

Weiss Ratings reissued their buy (b) rating on shares of Acorn Energy (NASDAQ:ACFN) in a research note published on Thursday morning,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Acorn Energy from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 19th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Acorn Energy Stock Down 1.8%

NASDAQ ACFN opened at $24.60 on Thursday. The stock has a market capitalization of $61.50 million, a price-to-earnings ratio of 8.66 and a beta of 0.14. Acorn Energy has a 12-month low of $11.93 and a 12-month high of $33.00.

Institutional Trading of Acorn Energy

An institutional investor recently bought a new position in Acorn Energy stock. Northstar Group Inc. purchased a new position in shares of Acorn Energy Inc. (NASDAQ:ACFN) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,743 shares of the company’s stock, valued at approximately $250,000. Northstar Group Inc. owned 0.35% of Acorn Energy at the end of the most recent quarter.

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.