Vista Partners Updates Coverage on Acorn Energy, Inc.; Maintains Target Price of $9.50

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 most attractive and the company with the most upside. USSI's products can be used by oil and gas producers to monitor the flow of its reservoirs, better manage production and increase their economic reserves. The amount of hydrocarbons currently extracted from a reserve is estimated to be a mere 30-35% and if USSI's sensors can increase extraction even modestly, the returns to a producer could be enormous. We believe the addressable market USSI serves in the oil and gas space to be in excess of $1B." Mr. Silver continues, "As stated on the Company's third quarter earnings conference call, USSI anticipates significant commercial orders beginning in the second quarter of 2012." Mr. Silver concludes, "We believe ACFN stands out amongst all small cap growth stocks due to its quarterly dividend and management successfully selling two portfolio companies in just a four year period, thus proving the business model. In addition, the special dividend of $0.05 per share, which will be paid in January 2012 to stockholders of record on December 30, 2011, provides investors with an additional benefit on top of the newly enacted $0.035 per share quarterly dividend."

To download a FREE copy of the Acorn Energy, Inc. research report, please visit http://www.vistapglobal.com and click the "download research" icon to gain access to the report. 

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. Vista Partners LLC has built a name for itself in the small cap space due to its selection of profitable investment ideas.

Disclaimer & Disclosure:

For a full list of disclaimers and disclosures, please visit our website www.vistapglobal.com or click here.

Contact:
877.215.4813 or [email protected]

SOURCE Vista Partners

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