Sun, Apr 20, 2014, 2:46 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Acorn Energy, Inc. (ACFN) Message Board

  • randy_raven99 randy_raven99 Nov 21, 2012 9:37 AM Flag

    Vista Partners maintains its price target....$17.50

    I'm looking for that short squeeze...all we need is a catalyst.

    SAN FRANCISCO, CA--(Marketwire - Nov 21, 2012) - 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."

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
ACFN
2.74-0.01(-0.36%)Apr 17 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
AsiaInfo-Linkage, Inc.
NasdaqGSWed, Jan 15, 2014 4:00 PM EST