Vista Partners Updates Coverage on Acorn Energy, Inc.; Price Target $17.50
Portfolio Companies Growing Revenue, Quarterly Dividend & Natural Gas Discovery Tool
(firmenpresse) - SAN FRANCISCO, CA -- (Marketwire) -- 03/28/13 -- announced today that it has updated coverage on (NASDAQ: ACFN) ("The Company" or "Acorn"); and maintains its twelve month price target of $17.50. Ross Silver, Principal Analyst at Vista Partners, stated, "Acorn's four portfolio companies are focused on digital energy infrastructure management solutions. Each portfolio company may be poised for significant growth in these large and growing security and energy markets. We are particularly interested to see continued adoption of USSI's fiber optic sensors by oil and natural gas companies seeking to make their processes more efficient, safer and more profitable." Mr. Silver concludes, "Acorn offers a quarterly dividend and management has successfully sold two portfolio companies, at significantly higher valuations relative to the amount invested, in the last five years thus validating the business model."
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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.
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Datum: 28.03.2013 - 13:15 Uhr
Sprache: Deutsch
News-ID 244118
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