Vista Partners Updates Coverage on Acorn Energy, Inc.; Target Price $17.50

Wed Nov 21, 2012 9:15am EST

* Reuters is not responsible for the content in this press release.

  SAN FRANCISCO, CA, Nov 21 (Marketwire) -- 
Vista Partners announced today that it has updated coverage on Acorn
Energy, Inc. (NASDAQ: ACFN) ("The Company" or "Acorn"); and maintains its
twelve month target price of $17.50. Ross Silver, Principal Analyst at
Vista Partners stated, "Acorn stands out amongst small cap growth stocks
due to its current portfolio of companies focused on digital energy
infrastructure management solutions. Each portfolio company may be poised
for significant growth in these large addressable and growing security
and energy markets. Acorn offers a quarterly dividend and management has
successfully sold two portfolio companies at significant multiples to the
amount invested in just a five year period, thus proving the business
model." Mr. Silver concludes, "Since ACFN joined the Russell 2000 & 3000,
the percentage of shares short has increased dramatically which is
typical for new entrants to these indexes. At the end of June, 19.2% of
the float of ACFN was short and at the end of October the short position
was 3.91M shares or approximately 22% of the float. Based on the average
trading volume for the last three months of about 120,000 shares, it
would take the short seller(s) at least 70 days to cover or buy back
their position if they represented 50% of daily trading volume. Should we
experience a short squeeze with ACFN, the share price may move
considerably higher in the near term."

    To download a FREE copy of the Acorn Energy, Inc. research report, please
visit and click the "download research" icon
to gain access to the report. 

    About Vista Partners:
 Vista Partners LLC, founded in 2005, is a
Registered Investment Advisor in the States of California and Oregon. The
firm's professional staff has backgrounds in finance, corporate
communications and investment banking.

    Disclaimer & Disclosure:
 For a full list of disclaimers and disclosures,
please visit our website or click here. 


Vista Partners LLC

Copyright 2012, Marketwire, All rights reserved.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.