Acorn Energy, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $46.7M
- Price
- $18.60
- % Change (Daily % change from the live per-ticker quote feed.)
- -3.38%
- Volume
- 64.5K
About
Acorn Energy, Inc., established in 1986 and headquartered in Wilmington, Delaware, specializes in the global development and marketing of wireless remote monitoring and control systems across diverse sectors. Through its subsidiaries, the company's operations are divided into two main segments: Power Generation (PG) Monitoring and Cathodic Protection (CP) Monitoring. The PG segment delivers comprehensive wireless solutions and associated services for overseeing and managing vital industrial equipment, such as standby power generators, compressors, pumps, pumpjacks, light towers, turbines, and other critical assets, in addition to supporting Internet of Things (IoT) applications. The CP segment, conversely, provides remote surveillance of cathodic protection systems implemented on gas pipelines, primarily serving gas utilities and pipeline companies.
Quick stats
Shares outstanding2.5M
Computed float1.4M
Float / shares55.3%
Key info
SectorTechnology
IndustryHardware, Equipment & Parts
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000880984
Websitehttps://www.acornenergy.com
AI Summary
AI-generated1/12
minorbullishm and a
Acorn Secures 100% Ownership of OmniMetrix Subsidiary via Purchase of Remaining 1% Stake
Acorn Energy acquired the remaining 1% interest in its OmniMetrix subsidiary from former CEO Walter Czarnecki in exchange for 25,096 newly issued shares.
The transaction brings Acorn’s ownership of OmniMetrix to 100%, streamlining the corporate structure and eliminating a $34,000 non-controlling interest deduction from net income.
CEO Jan Loeb stated that the simplified ownership structure could facilitate future M&A discussions while allowing the company to preserve cash.