Vista Partners Updates Coverage on Acorn Energy, Inc.; Increases Target Price to $14.00

SAN FRANCISCO, Feb. 22, 2012 /PRNewswire/ -- Vista Partners announced today that it has updated coverage on Acorn Energy, Inc. (NasdaqGM: ACFN) ("The Company" or "Acorn"); and raises its twelve month target price from $9.50 to $14.00. Ross Silver, Principal Analyst at Vista Partners, stated, "We believe Acorn stands out amongst all small cap growth stocks due to its current portfolio of companies focused on digital energy infrastructure management solutions. Each portfolio company is poised for significant growth in these large addressable and growing security and energy markets."  Mr. Silver continues, "Acorn's portfolio company US Seismic Systems ("USSI") continues to focus on customer "proof-of-concept" contracts for its major product lines.  USSI has announced a number of contract wins related to 4D reservoir & shale gas monitoring, as well as from fiber optic perimeter security systems, and government contract revenue from fiber optic underwater security system development for diver detection.  Acorn has stated that USSI anticipates initiating first commercial shipments in the first half of 2012." Mr. Silver goes on to state, "The OmniMetrix acquisition announced last week is immediately accretive and in an industry that is growing. Grid reliability and increasing costs from outages is driving emergency backup power needs. The industrial standby generator market, driven by new construction and retrofit of infrastructure projects, mission critical, and other code driven applications continues to expand as a result. There are significant penetration and market share opportunities in the commercial and industrial stationary standby generator market. As those markets expand, OmniMetrix's revenues should increase." Mr. Silver concludes, "Acorn offers a quarterly dividend and management has successfully sold two portfolio companies in just a five year period, thus proving the business model."

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About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking. Vista Partners LLC has built a name for itself in the small cap space due to its selection of profitable investment ideas.

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SOURCE Vista Partners LLC