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Enter Symbol:
 
ACORN FACTOR INC (ACFN) [hlAlert]

Rating:
Hold ACFN

ACORN FACTOR INC (ACFN) downgraded to Hold with price target $12 by Maxim Group

Posted on: Friday,  Aug 9, 2013  9:25 AM ET by Maxim Group

Maxim Group rated Hold ACORN FACTOR INC (OTCBB: ACFN) on 08/09/2013. Previously Maxim Group rated Buy ACORN
FACTOR INC (OTCBB: ACFN) on 05/23/2012., when the stock price was $9.14. Since then, ACORN FACTOR INC has lost 27.35% of its value until Maxim Group rated ACFN Buy on 08/09/2013, when the price was $6.64. .

Acorn Energy, Inc. (Acorn) is a holding company that specializes in acquiring and accelerating the growth of emerging ventures that promise improvement in the economic and environmental efficiency of the energy sector. Through its majority-owned operating subsidiaries the Company provides products and services in three segments: CoaLogix, Naval and RT Solutions, and Energy Infrastructure Software (EIS) Services. CoaLogix offers selective catalytic reduction (SCR) catalyst and management services for coal-fired power plants that use SCR systems to reduce nitrogen oxide (NOx) emissions, provided through CoaLogix Inc. and its subsidiary SCR-Tech LLC. Naval and RT Solutions offers sonar and acoustic related solutions, as well as software consulting, development and production services provided through the Company?s DSIT Solutions, Ltd. (DSIT) subsidiary, with a focus on port security for strategic energy installations. On August 13, 2008, the Company acquired Coreworx Inc. (Coreworx).

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/14/2014 12:00 AM Buy
None
5.00
as of 12/13/2013
1 Week down  -4.18 %
1 Month down  -8.28 %
3 Months down  -8.28 %
1 YTD down  -23.26 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/18/2013 9:25 AM Buy
None
3.74 6.00
8/9/2013 9:25 AM Hold
None
6.64 12.00
5/23/2012 9:25 AM Buy
None
9.14 14.00

(*) Stock Price at the time of the recommendation.
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