Acorn Energy (NASDAQ:ACFN) Downgraded by Wall Street Zen to “Buy”

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

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Acorn Energy in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Acorn Energy Stock Performance

Shares of NASDAQ:ACFN opened at $25.41 on Friday. The firm has a market capitalization of $63.53 million, a P/E ratio of 8.95 and a beta of 0.14. Acorn Energy has a 52 week low of $10.80 and a 52 week high of $33.00.

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.