Maxim's New Buy Rating, $14 Target on Acorn Energy (ACFN) Gives Investors Some Confidence

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Shares of Acorn Energy (NASDAQ: ACFN) are outperforming the S&P 500 which is down about 1.1 percent Wednesday morning. The stock last traded at $9.51, up about 0.3 percent from Tuesday's close.

Likely giving some legs to the stock, Maxim's William Bremer initiated coverage on the stock with a Buy rating and $14 price target earlier. The new target suggests potential upside of about 47 percent from where the stock is currently trading.

For an analyst ratings summary and ratings history on Acorn Energy click here. For more ratings news on Acorn Energy click here.

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