Professional
Added to YB: 2024-03-04
Pitch date: 2024-02-29
ACFN [bullish]
Acorn Energy, Inc.
+158.35%
current return
Author Info
No bio for this author
Company Info
Acorn Energy, Inc., through its subsidiary, develops and markets wireless remote monitoring and control systems in the United States and internationally.
Market Cap
$69.8M
Pitch Price
$6.05
Price Target
N/A
Dividend
N/A
EV/EBITDA
19.88
P/E
9.84
EV/Sales
5.12
Sector
Electronic Equipment, Instruments and Components
Category
growth
Artko Capital Portfolio Holding: Acorn Energy, Inc.
ACFN: 12% of portfolio, cost $4.80, now $6. Volatile nanocap, -45% in '22, +13% YTD. $15M mkt cap, 90% gross margin monitoring services + hardware. Grew 15% gross profit in 9M23 despite 3G sunset, 22% organic rev growth in Q3. Sees new Demand Response rev, $2M reseller deal for 25%+ '24 rev growth at OmniMetrix. Board (incl. our PM) pushing strategic moves: Nasdaq uplist post 1-16 split, possible sale at mid-1-digit rev multiple w/ $70M+ NOLs. Undervalued w/ '24 shareholder return potential.
Read full article (3 min)