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WILMINGTON, Del. - Acorn Energy, Inc. (OTCQB:ACFN), a provider of remote monitoring and control solutions for industrial equipment with a market capitalization of $39.86 million, announced its common stock has been approved for listing on the Nasdaq Capital Market. Trading on Nasdaq is expected to commence Thursday, July 24, 2025, under the unchanged ticker symbol ACFN. The stock, currently trading at $15.95, has delivered an impressive 79.21% return over the past year.
The company specializes in Internet of Things (IoT) wireless monitoring solutions for backup power generators, gas pipelines, and air compressors through its subsidiary OmniMetrix, in which it holds a 99% equity stake.
"Uplisting to Nasdaq is an exciting milestone for our employees and other stakeholders," said Jan Loeb, Acorn’s CEO, in the press release.
According to the company, the move to Nasdaq aims to increase visibility, liquidity, and investor access to its common stock.
As of March 31, 2025, Acorn reported having 2,491,130 common shares outstanding, $2.6 million in cash, and no debt. The company stated it had Q1 2025 revenue of $3.1 million and net income of $464,000, or $0.19 per diluted share.
Acorn Energy serves commercial and residential customers, including over 25 Fortune/Global 500 companies, supporting various facilities such as cell towers, manufacturing plants, medical facilities, and data centers.
The company noted that its uplisting to Nasdaq is subject to compliance with the listing requirements of the Nasdaq Stock Market.
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