Latest Acorn Energy Inc. Stories
SAN FRANCISCO, Nov. 23, 2011 /PRNewswire/ -- Vista Partners announced today that it has updated coverage on Acorn Energy, Inc. (NasdaqGM: ACFN) ("The Company" or "ACFN"); and maintains its twelve month target price of $9.50. Ross Silver, Principal Analyst at Vista Partners, stated, "Of the Company's portfolio companies, we believe USSI which has developed a fiber-optic sensor for use in oil and gas reservoir management, pipeline monitoring and perimeter security solutions to be the...
MONTCHANIN, Del., Nov. 9, 2011 /PRNewswire/ -- Acorn Energy, Inc. (NASDAQ: ACFN) an energy technology holding company, today announced its results for the third quarter ended September 30, 2011. Net income and earnings per share (basic) for both the three month and nine month 2011 periods reflect the August 31, 2011 sale of the company's majority owned CoaLogix subsidiary for a net gain of $30.7 million. For the third quarter ended September 30, 2011, revenues were $5.1 million compared to...
MONTCHANIN, Del., Nov. 7, 2011 /PRNewswire/ -- Acorn Energy, Inc. (NASDAQ: ACFN) today announced that John A. Moore, Chairman of the Board and CEO of Acorn Energy, will host an investor call on Thursday, November 10, 2011 at 11am ET to discuss its third quarter 2011 results and developments. The Company will release financial results for the third quarter the afternoon of Wednesday, November 9, after the market closes. To participate in the conference call, please dial 800-860-2442 or...
NEW YORK, Oct. 17, 2011 /PRNewswire/ -- Acorn Energy, Inc. (Nasdaq: ACFN), an energy technology holding company, today announced at its annual meeting held today at the Union League Club in New York City, that the Board of Directors has approved the payment of a quarterly dividend of $0.035 per share and a 2011 year-end declaration of a special dividend of $0.05 per share. The quarterly dividend will be paid on November 28, 2011 to common shareholders of record on November 16, 2011. The...
GIVAT SHMUEL, Israel, Sept. 28, 2011 /PRNewswire/ -- DSIT Solutions Ltd., a subsidiary of Acorn Energy Inc. (NASDAQ: ACFN), has announced the receipt of multiple awards for its recently delivered Submarine Tactical Trainer (STT). DSIT's STT simulator provides a full representation of the spectrum of submarine weapon systems, sonar sensors, and Command and Control application as they are on the Israeli Navy's Dolphin submarines. DSIT successfully completed the $8 million project several...
CHATSWORTH, Calif., Sept. 16, 2011 /PRNewswire/ -- US Seismic Systems Inc. (USSI) , a subsidiary company of Acorn Energy, Inc. (NADSAQ: ACFN) is expanding its offering of Ultra High Sensitivity (UHS) fiber optic sensors to include Ocean Bottom Cables (OBC) which are a critical component for the rapidly emerging market for Permanent Reservoir Monitoring (PRM). USSI will exhibit its new product at the Annual Meeting of the Society of Exploration Geophysicists in San Antonio, Texas from...
CHATSWORTH, Calif., Sept. 14, 2011 /PRNewswire/ -- US Seismic Systems (USSI), a subsidiary company of Acorn Energy, Inc. (Nadsaq: ACFN) announced today that it has received an order for a high temperature down-hole seismic monitoring system based upon USSI's revolutionary Ultra High Sensitivity (UHS) fiber optic sensor technology. This order, valued at over $620,000, represents the fifth significant order received by USSI in 2011 for energy applications. The company has over $2.4 million...
SAN FRANCISCO, Sept. 7, 2011 /PRNewswire/ -- Vista Partners announced today that it has initiated coverage on Acorn Energy, Inc. (NasdaqGM: ACFN) ("The Company" or "ACFN"); with a twelve month target price of $9.50. Ross Silver, Principal Analyst at Vista Partners, stated, "The Company recently sold their CoaLogix subsidiary for $101M, a return of 340% on their total investment of $18.2 million. The sale was completed at approximately 5x revenues and provides the Company with a sizable cash...
SACRAMENTO, Calif., Sept. 1, 2011/PRNewswire/ -- GridSense, a subsidiary of Acorn Energy (Nasdaq: ACFN), which develops and markets practical and cost effective monitoring solutions for the electric power industry, today announced the commercial launch of an important new version of the TransformerIQ® monitoring line. The newest version of TransformerIQ® is more rugged and compact, addressing the needs of large-scale pole top applications at the distribution level, thereby...
MONTCHANIN, Del., Aug. 31, 2011 /PRNewswire/ -- Acorn Energy, Inc. (Nasdaq: ACFN), an energy technology holding company, today announced it has completed the sale of its CoaLogix, Inc. subsidiary for $101 million (before certain adjustments) to funds managed by Energy Capital Partners, a private equity firm focused on the energy infrastructure industry with approximately $7 billion under management. Acorn Energy owned approximately 65% of CoaLogix on a fully diluted basis, with the balance...
