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ACORN ENERGY INC - $ACFN STOCK NEWS

Welcome to our dedicated page for ACORN ENERGY news (Ticker: $ACFN), a resource for investors and traders seeking the latest updates and insights on ACORN ENERGY stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ACORN ENERGY's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ACORN ENERGY's position in the market.

News
Acorn, Provider of Remote Monitoring and Control Solutions for Backup Generators, Hosts Q1 Call Thu., May 9th at 11am ET
Rhea-AI Summary

Acorn Energy, provider of remote monitoring and control solutions for stand-by power generators, gas pipelines, and air compressors, will host its Q1 conference call on Thursday, May 9th at 11:00 a.m. ET. The call will discuss Acorn's Q1 results, 2024 outlook, and answer investor questions. Jan Loeb, President & CEO, and Tracy Clifford, CFO of Acorn & COO of OmniMetrix, will lead the call.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
36.13%
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Acorn’s 2023 EPS Improves to $0.05 vs. ($0.25) Loss Per Share on 15% Revenue Increase; Anticipates Continued Revenue and Earnings Growth in 2024
Rhea-AI Summary
Acorn Energy, Inc. (ACFN) reported profitability in Q4’23 and full-year 2023 with revenue growth of 22% and 15% respectively. The company achieved a gross margin of 74.5% in 2023, up from 72.4% in 2022. CEO Jan Loeb highlighted the successful reverse stock-split and $69M in federal operating loss carryforwards benefiting future cash flows. Acorn aims for 20% annual growth, with DR programs contributing to revenue in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.9%
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earnings
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Acorn, Provider of Remote Monitoring and Control Solutions for Backup Generators, Hosts Q4 Investor Call Thurs., March 7th at 11am ET
Rhea-AI Summary
Acorn Energy, Inc. (ACFN) to host Q4 conference call to discuss financial results and outlook.
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Acorn Q3 EPS Rises to $0.01 vs. Loss of ($0.08) on 17% Revenue Increase; Signs Generator Dealer Agreement That Could Drive Significant Growth in 2024
Rhea-AI Summary
Acorn Energy, Inc. (ACFN) announced positive Q3'23 results with 17% revenue growth, a new reseller agreement, and an investor call. Monitoring revenue increased by 13% and hardware revenue by 21.7%. The company achieved a gross margin of 74.3% and reported a net profit for the third quarter and first nine months of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.38%
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none
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News
Acorn, Provider of Remote Monitoring, Control and Electrical Grid Demand Response Solutions for Backup Generators, Hosts Q3 Investor Call Thur., Nov. 9th at 11am ET
Rhea-AI Summary
Acorn Energy, Inc. will host its third quarter conference call on November 9th at 11:00 a.m. ET. Jan Loeb, President & CEO, and Tracy Clifford, CFO of Acorn & COO of OmniMetrix, will review Acorn's results and outlook. Financial results will be released that morning before markets open.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.82%
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none
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News
Remote Monitoring and Control Solutions Provider Acorn Announces 1-for-16 Reverse Stock Split Intended to Make its Shares Accessible to a Broader Range of Investors
Rhea-AI Summary
Acorn Energy approves 1-for-16 reverse stock split to increase market price and accessibility. Q2'23 revenue grew 22% and net income positive. Expects long-term net profit growth of 20%. Cash at June 30, 2023, was $1.6M with no debt. Common stock to begin trading on reverse-split-adjusted basis on September 8, 2023. Reverse split reduces issued and outstanding shares from 39.76M to 2.48M.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1856.44%
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none
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Acorn Hosts Annual Stockholder Meeting and Management Q&A in Person and via Zoom on Tuesday, September 12th at 1pm ET
Rhea-AI Summary
Acorn Energy, Inc. (OTCQB: ACFN) to hold its 2023 Annual Meeting of Stockholders on September 12, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1856.44%
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Acorn Achieves Net Income and Positive Cash Flow as Q2 Revenue Rises 22% from Remote Monitoring and Control Solutions for Backup Generators and Gas Pipelines
Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
16.67%
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Acorn, Provider of Remote Monitoring and Control Solutions for Backup Generators, Gas Pipelines, and Other Industrial Assets, Hosts Q2 Investor Call on Thurs., Aug. 10th at 11am ET
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Remote Monitoring and Control Solutions Provider Acorn Trims Q1 Net Loss with Higher Gross Profit
Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
-11.76%
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Stock ACFN logo
ACORN ENERGY INC

OTC:ACFN

ACFN Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

ACFN Stock Data

16.91M
1.48M
22.62%
10.99%
1.34%
Engineering Services
Professional, Scientific, and Technical Services
Link
United States of America
Wilmington

About ACFN

acorn energy, inc. is a holding company whose four portfolio companies help their customers achieve greater productivity, reliability, security, and efficiency—factors which can lead to greater profitability. us seismic systems supplies fiber optic sensing solutions to increase oil/gas production and lower costs. gridsense provides monitoring for all critical points along the electricity delivery system. omnimetrix remotely monitors emergency back-up power generation systems to increase their reliability. dsit provides security solutions from underwater threats to naval and marine based energy assets. for more information visit: http://www.acornenergy.com. this profile may include forward-looking statements, which are subject to risks and uncertainties. there is no assurance that acorn energy, inc. or its operating companies will continue to grow their respective businesses, or that any of them will meet the expectations or execute the initiatives described or referred to above. a comp