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olivLaw · US equity research

Acorn Energy, Inc. ACFN

Services-Engineering Services · SIC 8711 · Vertical: Services-Engineering Services (SIC 8711)

16.10USD−1.29% · 1 dayClose 04 Nov 2026

Acorn Energy is a holding company offering remote monitoring and control solutions for generators, gas pipelines and critical infrastructure through its subsidiary OmniMetrix. Revenue edged up in 2025 but fell in the first half of 2026 because hardware shipments were delayed, while recurring monitoring revenue kept growing, a point that matters for judging the stability of the business in the coming period.

At the close of 04 Nov 2026, Acorn Energy, Inc. (ACFN) stock was 16.10 USD (−1.29% on the day), with market capitalisation 40.4 m USD, P/E 26.3 on diluted EPS of 0.61 USD over the last 12 months, dividend yield 0.00%, beta 0.51, 52-week range 12.81–23.00 USD. Latest reported quarter (Q2 2026): revenue of 2.5 m USD (−29.4% YoY), net income of 294.0 k USD (−59.2% YoY), diluted EPS 0.12 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
40.4 m USD
shares as of 04 Aug 2026
P/E (TTM)
26.3
Diluted EPS TTM 0.61 · TTM to 30 Jun 2026
E/P (TTM)
3.81%
TTM to 30 Jun 2026
Dividend yield
0.00%
DPS 12m 0.00
Beta (2y)
0.51
Volatility (1y) 85%
52-week range
12.8123.00

Price history

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Technical reading

RSI (14)
26.9
oversold (≤ 30)
Bollinger (20, 2)
16.11 – 19.46
below the lower band · %B -0.00 · band width 18.8%
SMA 50 / 200
19.16 / 18.43
mixed trend
MACD (12, 26, 9)
-0.77 / -0.64
MACD below signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−14.0%−2.0%−12.0 pp—
3 months−15.9%−2.2%−13.8 pp—
6 months−16.8%+4.3%−21.1 pp—
Year to date+6.6%+10.6%−3.9 pp—
1 year−29.8%+10.5%−40.3 pp−13.7%
3 years+218.8%+73.7%+145.1 pp+100.4%
5 years+73.5%+61.7%+11.8 pp—
Max drawdown (1y)
−44.3%
05 Nov 2025 → 21 Nov 2025
Max drawdown (5y)
−58.1%
08 Sept 2025 → 21 Nov 2025
Compound annual growth (5y)
+11.6%
S&P 500 +10.1%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2026 · 30 Jun 2026

Revenue
2.5 m USD
−29.4% YoY
Net income
294.0 k USD
−59.2% YoY
Diluted EPS
0.12
−57.1% YoY
net / operating
11.8% / 15.1%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue3.1 m3.5 m3.1 m3.5 m2.5 m2.4 m2.2 m2.5 m
Cost of revenue863.0 k973.0 k772.0 k886.0 k533.0 k472.0 k442.0 k439.0 k
Gross profit2.2 m2.6 m2.3 m2.6 m1.9 m1.9 m1.8 m2.1 m
Research & development234.0 k314.0 k291.0 k265.0 k267.0 k271.0 k255.0 k239.0 k
SG&A1.2 m1.4 m1.4 m1.4 m1.5 m1.4 m1.7 m1.4 m
Operating income756.0 k845.0 k604.0 k947.0 k159.0 k279.0 k-129.0 k375.0 k
Depreciation & amortisation33.0 k30.0 k30.0 k26.0 k ≈29.0 k ≈30.0 k30.0 k42.0 k ≈
Pre-tax income776.0 k865.0 k628.0 k974.0 k193.0 k315.0 k-98.0 k407.0 k
Income tax42.0 k-4.4 m154.0 k242.0 k-65.0 k-765.0 k-25.0 k105.0 k
Net income725.0 k5.2 m464.0 k720.0 k252.0 k1.1 m-77.0 k294.0 k
Diluted EPS0.292.06 ≈0.190.280.100.42 ≈-0.030.12
Operating cash flow698.0 k ≈166.0 k271.0 k629.0 k ≈895.0 k ≈295.0 k53.0 k224.0 k ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 64 percentile of its own 11-quarter history (min 5.9, median 21.4, max 113.5; quarters with earnings only).

Fiscal years

Fiscal year20182019202020212022202320242025
Revenue5.1 m5.5 m5.9 m6.8 m7.0 m8.1 m11.0 m11.5 m
Revenue YoY+16.9%+7.9%+7.9%+14.4%+3.3%+15.1%+36.3%+4.5%
Net income-2.0 m-618.0 k69.0 k-21.0 k-633.0 k119.0 k6.3 m2.5 m
Net income YoYunavailableunavailableunavailable−130.4%unavailableunavailable+5,189.1%−60.1%
Diluted EPSunavailableunavailableunavailable0.00-0.250.052.510.99
Diluted EPS YoYunavailableunavailableunavailableunavailableunavailableunavailable+4,920.0%−60.6%
net %-39.3%-11.3%1.2%-0.3%-9.0%1.5%57.3%21.9%
Free cash flowunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
4.5 m USD
Financial debt
unavailable USD
Net debt
unavailable USD
Equity
8.3 m USD
Total assets
13.3 m USD
Debt / equity
unavailable
Current ratio
1.83x
ROE
36.1%
ROA
21.0%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
8.1 m
2024
11.0 m
2025
11.5 m

SEC (XBRL)· 05 Mar 2026verified

Cost of revenue
2023
2.1 m
2024
3.0 m
2025
2.7 m

SEC (XBRL)· 05 Mar 2026verified

Gross profit
2023
6.0 m
2024
8.0 m
2025
8.8 m

SEC (XBRL)· 05 Mar 2026verified

Research & development
2023
875.0 k
2024
1.0 m
2025
1.1 m

SEC (XBRL)· 05 Mar 2026verified

SG&A
2023
5.1 m
2024
5.1 m
2025
5.7 m

SEC (XBRL)· 05 Mar 2026verified

Operating income
2023
74.0 k
2024
1.9 m
2025
2.0 m

SEC (XBRL)· 05 Mar 2026verified

Depreciation & amortisation
2023
161.0 k
2024
121.0 k
2025
115.0 k

SEC (XBRL)· 05 Mar 2026verified

EBITDA
2023
235.0 k ≈
2024
2.1 m ≈
2025
2.1 m ≈

SEC (XBRL)· 05 Mar 2026derived

Interest expense
2023
—
2024
—
2025
—

SEC (XBRL)· 31 Mar 2022verified

Pre-tax income
2023
138.0 k
2024
2.0 m
2025
2.1 m

SEC (XBRL)· 05 Mar 2026verified

Income tax
2023
9.0 k
2024
-4.3 m
2025
-434.0 k

SEC (XBRL)· 05 Mar 2026verified

Net income
2023
119.0 k
2024
6.3 m
2025
2.5 m

SEC (XBRL)· 05 Mar 2026verified

Diluted EPS
2023
0.05
2024
2.51
2025
0.99

SEC (XBRL)· 05 Mar 2026verified

Weighted average diluted shares
2023
2.5 m
2024
2.5 m
2025
2.5 m

SEC (XBRL)· 05 Mar 2026verified

Balance sheet · USD

Cash
2023
1.4 m
2024
2.3 m
2025
4.5 m

SEC (XBRL)· 05 Mar 2026verified

Receivables
2023
536.0 k
2024
1.9 m
2025
887.0 k

SEC (XBRL)· 05 Mar 2026verified

Inventories
2023
962.0 k
2024
436.0 k
2025
1.3 m

SEC (XBRL)· 05 Mar 2026verified

Current assets
2023
4.0 m
2024
5.4 m
2025
7.0 m

SEC (XBRL)· 05 Mar 2026verified

Property, plant & equipment, net
2023
570.0 k
2024
505.0 k
2025
383.0 k

SEC (XBRL)· 07 May 2026verified

Intangibles (excl. goodwill)
2023
—
2024
—
2025
17.0 k

SEC (XBRL)· 07 May 2026verified

Total assets
2023
5.4 m
2024
10.6 m
2025
13.3 m

SEC (XBRL)· 05 Mar 2026verified

Accounts payable
2023
288.0 k
2024
297.0 k
2025
306.0 k

SEC (XBRL)· 05 Mar 2026verified

Short-term debt
2023
—
2024
—
2025
—

SEC (XBRL)· 16 Mar 2021verified

Current liabilities
2023
4.6 m
2024
4.3 m
2025
3.8 m

SEC (XBRL)· 05 Mar 2026verified

Total liabilities
2023
6.3 m
2024
5.0 m
2025
5.0 m

SEC (XBRL)· 05 Mar 2026verified

Equity
2023
-826.0 k
2024
5.6 m
2025
8.3 m

SEC (XBRL)· 05 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
72.0 k
2024
905.0 k
2025
2.1 m

SEC (XBRL)· 05 Mar 2026verified

Investing cash flow
2023
-78.0 k
2024
-56.0 k
2025
-33.0 k

SEC (XBRL)· 05 Mar 2026verified

Financing cash flow
2023
5.0 k
2024
28.0 k
2025
71.0 k

SEC (XBRL)· 05 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
4.5%
computed by olivLawFY 2025
Revenue CAGR 3Y
17.9%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
14.2%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
2.7%
computed by olivLawFY 2025
Net income growth (YoY)
-60.1%
computed by olivLawFY 2025
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
105.2%
computed by olivLawFY 2020 → FY 2025
EPS growth (YoY)
-60.6%
computed by olivLawFY 2025
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
80.3%
computed by olivLawTTM to 30 Jun 2026
EBITDA margin
8.5%
computed by olivLawTTM to 30 Jun 2026
EBIT margin
7.1%
computed by olivLawTTM to 30 Jun 2026
Net margin
16.1%
computed by olivLawTTM to 30 Jun 2026
FCF margin
unavailable
input data missing

Returns

ROE
19.7%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROA
11.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
unavailable
input data missing
ROCE
6.8%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
unavailable
the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used

Liquidity

Current ratio
2.1x
computed by olivLawbalance sheet at 30 Jun 2026
Quick ratio
1.8x
computed by olivLawbalance sheet at 30 Jun 2026
Cash ratio
1.4x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
1.5 m USD
computed by olivLawTTM to 30 Jun 2026
Capital expenditure
unavailable
input data missing
Free cash flow
unavailable
input data missing
FCF conversion
unavailable
input data missing
Cash conversion
180.0%
computed by olivLawTTM to 30 Jun 2026

Efficiency

Days sales outstanding
61 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Days inventory outstanding
201 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Days payables outstanding
60 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Cash conversion cycle
202 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026

Market and valuation

Market capitalisation
40.4 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Enterprise value
unavailable
input data missing
Market cap / net income TTM
26.2x
computed by olivLawTTM to 30 Jun 2026
P/E (TTM)
26.3x
computed by olivLawTTM to 30 Jun 2026
Earnings yield
3.8%
computed by olivLawTTM to 30 Jun 2026
P/B
4.6x
computed by olivLawbalance sheet at 30 Jun 2026
P/S
4.2x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
0.0%
computed by olivLawTTM to 30 Jun 2026
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 4 of at least 6
  • score weight coverage: 29.2% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

16.10 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 40.4 m USD

Key indicators

Market capitalisation
40.4 m USD
computed by olivLawbalance sheet at 30 Jun 2026
P/E (TTM)
26.3x
computed by olivLawTTM to 30 Jun 2026
P/B
4.6x
computed by olivLawbalance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
ROE
19.7%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Net margin
16.1%
computed by olivLawTTM to 30 Jun 2026
Revenue growth (YoY)
4.5%
computed by olivLawFY 2025
Dividend yield
0.0%
computed by olivLawTTM to 30 Jun 2026

Coverage and freshness

29/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Share count (cover of the latest filing), as of: 04 Aug 2026
Source: SEC (XBRL)published 06 Aug 2026
verified 2356derived 183

Score by group

29% · Insufficient data

Estimated value range

Low
7.79
USD per share
Mid
9.84
USD per share
High
10.15
USD per share
Price: 16.10 USD
The price is above the range
Potential to the central value: -38.9% (value / price − 1)
Margin of safety: -63.5% (1 − price / value)
Agreement between methods: low · 2 methods used · 2 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.46 – 19.69 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
  • Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: P/E15.12 – 19.69 (Mid 19.16)
    5 companies used · median multiple 31.3x · quartiles 24.7x – 32.1x
    ACM, JLHL, MG, TTEK, WLDN
  • Dividend discount (DDM)0.46 – 0.62 (Mid 0.53)
Multiple comparisons use the SIC vertical: Services-Engineering Services (SIC 8711)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 29.2% of at least 60%

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Quality16.1%88 (vs peers)21%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growth17.9%100 (on a fixed band)29%
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheetunavailableunavailable—
Current ratio · Balance sheet2.1x100 (on a fixed band)14%
P/E (TTM) · Valuation26.3x67 (vs peers)36%
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial100/100 · 1/3 factors with a value
  • Growth· partial100/100 · 1/2 factors with a value
  • Quality· partial88/100 · 1/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation· partial67/100 · 1/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

ACORN ENERGY, INC. (ACFN). Latest full fiscal year: 2025; data up to 2026-06-30.

Figures computed from the financial statements: revenue 11.5 m USD in 2025; YoY growth 4.5%; net margin 16.1%; ROE 19.7%.

The estimated value range is 7.79–10.15 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 9.84 USD, the price of 16.10 USD leaves a potential of -38.9% (value / price − 1) and a margin of safety of -63.5% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 29.2% of at least 60%).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Net margin: 16.1%
  • Revenue CAGR 3Y: 17.9%
  • Current ratio: 2.1x

What contradicts it

  • The price is above the estimated value range
  • The valuation methods diverge

Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Services-Engineering Services (SIC 8711) · same industry (4-digit SIC) · compared with 8 companies

Multiples and returns vs the median

P/E
26.3x
vertical median 31.7x
below median (−17.1%)
EV/EBITDA
—
vertical median 15.8x
P/S
4.2x
vertical median 2.1x
above median (+104.2%)
P/B
4.6x
vertical median 3.2x
above median (+42.8%)
ROE
19.7%
vertical median 13.9%
above median (+42.0%)
Net margin
16.1%
vertical median 5.7%
above median (+182.5%)
EBIT margin
7.1%
vertical median 7.1%
at median
Revenue YoY
4.5%
vertical median 6.6%
below median (−32.6%)
Net debt/EBITDA
—
vertical median 0.9x
Dividend yield
0.0%
vertical median 0.7%
below median (−100.0%)

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
TTEKTetra Tech Inc10.5 bn24.724.3%8.6%+4.7%+18% / +29%
ACMAecom8.8 bn31.312.3%1.9%+0.2%−34% / −23%
VSECVse Corporation4.6 bn59.93.8%5.5%+41.5%−9% / +171%
WLDNWilldan Group, Inc.1.1 bn17.421.2%8.8%unavailable−26% / +271%
MGMistras Group, Inc.644.7 m32.18.8%2.8%−0.8%+69% / +206%
JLHLJulong Holding Ltd152.3 m39.437.5%10,226.0%unavailable+76% / unavailable
ACFNAcorn Energy, Inc.40.4 m26.319.7%16.1%+4.5%−30% / +219%
OFALOFA Group7.6 m—-68.9%-1,119.1%+254.9%−97% / unavailable
STNStantec Inc.——15.5%5.9%+8.6%−18% / +6%

1- and 3-year price returns: for ACFN from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
10.55
Total return -34% · Per year -34%
18.57
Total return 15% · Per year 15%
27.85
Total return 73% · Per year 73%
3 years
12.51
Total return -22% · Per year -8%
24.55
Total return 53% · Per year 15%
40.10
Total return 149% · Per year 36%
5 years
14.84
Total return -8% · Per year -2%
32.47
Total return 102% · Per year 15%
57.75
Total return 259% · Per year 29%
What moves the 3-year price the most
  • Exit P/E± 6.14
  • Net margin± 4.30
  • Annual revenue growth± 3.20
  • Annual dilution± 0.36

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

In brief

Acorn Energy is a holding company offering remote monitoring and control solutions for generators, gas pipelines and critical infrastructure through its subsidiary OmniMetrix. Revenue edged up in 2025 but fell in the first half of 2026 because hardware shipments were delayed, while recurring monitoring revenue kept growing, a point that matters for judging the stability of the business in the coming period.

SWOT

Strengths

  • High and rising gross margins, driven by the recurring monitoring component, and a steadily growing customer base 13.
  • A long history in generator monitoring, with existing partnerships with major equipment makers 1.
  • A balance sheet with no material bank debt and available cash at mid-2026 3.

Weaknesses

  • Dependence on one major customer whose hardware volumes have swung sharply between periods 13.
  • Small scale, with few employees and limited resources compared with some competitors 1.
  • Total revenue fell in the first half of 2026 and net income attributable to shareholders dropped sharply 3.

Opportunities

  • The Champion Power Equipment partnership could extend distribution in the North American residential market 23.
  • If the OMNI360 suite wins telecom customers, the IS segment could add new revenue, although timing is uncertain 3.
  • Complementary acquisitions, which the company is actively pursuing, could accelerate growth if suitable terms are found 3.

Threats

  • Larger competitors with greater resources and recognition could limit penetration in target markets 1.
  • Trade risks, tariffs and export restrictions could affect the cost of purchasing components 1.
  • Cyber-attacks and IT system disruptions could affect operations and reputation 1.

Risks

  • Dependence on a major customerhigh

    One customer, party to a significant contract, accounted for a large share of trade receivables; a delay or default could materially affect the financial position 1.

  • Weaknesses in internal controlshigh

    The company reported material weaknesses in internal control over financial reporting as of 31 December 2025, and remediation is not assured 1.

  • Volatile hardware revenuemedium

    Hardware revenue can swing widely from quarter to quarter depending on delivery timing, which makes results hard to anticipate 23.

  • Tariffs and trade policymedium

    Changes in US-China trade policy could raise the cost of electronic components 1.

  • Customer terminationslow

    If the renewal rate fell below its historically high level, the company would need to spend more to win new customers 1.

Investment thesis

What would need to be true (bull case)

  • Recurring monitoring carries very high margins and is growing steadily; if its share of revenue keeps rising, profitability could become more stable than in the past 13.
  • The Champion and AIO partnerships open new residential and telecom markets, with growth potential if they convert into sales 23.
  • The company has a debt-free balance sheet and a record of profit, giving it flexibility for possible complementary acquisitions 3.

What would break the thesis

  • Revenue fell in the first half of 2026 and profit dropped significantly, showing the business remains sensitive to the timing of large contracts 3.
  • The IS segment has not yet generated revenue and management says its sales cycle will be long, so benefits could be delayed 3.
  • Material weaknesses in internal controls and dependence on one major customer could reduce investor confidence in the financial reporting 1.

What to watch

  • Trend in monitoring revenue and its share of total revenueQ3 2026
  • Contribution of the Champion Power Equipment partnership to revenueQ3 2026
  • First revenue from the Infrastructure Solutions segment and OMNI3602026

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

The business

In January 2026 Acorn signed a partnership with AIO Systems Ltd., giving it exclusive rights to market AIO's monitoring solutions under the OmniMetrix brand in the United States, Canada and Mexico for cell towers, data centers and utility assets 2. This led to a new reportable segment, Infrastructure Solutions, which had no revenue in the first half of 2026 2.

Segments

Infrastructure Solutions (IS)

The IS segment was created in 2026 for monitoring infrastructure for telecom, energy and data centers. The OMNI360 product, launched in the second quarter of 2026, covers environment, security and power at a cell tower campus. Management says the sales cycle will be long and that it is too early to give revenue visibility 3.

Market context

The company operates in IoT monitoring of critical equipment, where demand for backup power infrastructure is growing to protect military, government and private assets against grid outages, natural disasters and cyber threats 1. The US gas pipeline and cell tower markets are key segments. For Acorn, market share could depend on its ability to expand residential distribution through partnerships such as the one with Champion Power Equipment 23.

The residential generator market is described as large and growing, but with simpler products and lower prices than the commercial segment 1. If distribution partnerships translate into real volumes, recurring monitoring revenue could grow faster than hardware revenue, which is more volatile 23.

Trends

  • Rising demand for backup powertailwind

    The need for backup infrastructure for generators is growing because of extreme weather, unstable grids and security risks, which supports demand for remote monitoring 12.

  • IoT integration in infrastructuretailwind

    Aggregating sensors and monitors into one customer dashboard is becoming an industry standard, and OmniMetrix positions itself within this ecosystem 12.

  • Tariffs and the supply chainheadwind

    Electronic components come from China, Taiwan and Mexico, and tariff changes could raise costs and reduce profitability, although the company has not yet seen a material impact 1.

  • Reliance on large customer contractsmixed

    Hardware revenue has been strongly affected by a contract with a large cell phone provider whose deliveries shifted between 2025 and 2026; timing changes can cause large quarterly declines, though recurring monitoring is steadier 23.

Competitive position

Competition takes two forms: independent monitoring firms that do not produce the equipment being monitored, and generator OEMs that offer connectivity only for their own brands 1. In the CP segment there are no OEM competitors, but there are firms such as Mobiltex Solutions, Abriox, Elecsys and American Innovations, which the company considers less functional than its own offering 1.

The company says it holds a well-defended position in high-performance monitoring, owing to its history and projects with industry partners, but larger competitors could have superior distribution resources 1. The company acknowledges that it has limited resources compared with some current and potential competitors 1.

  • Ayantra

    High-performance generator monitoring without producing the equipment 1.

  • FleetZOOM

    Generator monitoring, listed as an independent provider in the high-performance segment 1.

  • Gen-Tracker

    Independent competitor for generator monitoring in the same category as OmniMetrix 1.

  • PowerTelematics

    Independent competitor in the generator monitoring segment 1.

News & filings

In the press

No news in our archive over the last 180 days.

SEC filings

Sources

  1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Acorn Energy, Inc. · 05 Mar 2026
  2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Acorn Energy, Inc. · 06 Aug 2026
  3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Acorn Energy, Inc. · 06 Aug 2026

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.

Acorn Energy, Inc. (ACFN): stock, results, valuation and forecast · olivLaw