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Vista Partners Updates Coverage on Acorn Energy, Inc.; Increases Target Price to $17.50

SAN FRANCISCO, CA -- (Marketwire) -- 07/18/12 -- Vista Partners announced today that it has updated coverage on Acorn Energy, Inc. (NASDAQ: ACFN) ("The Company" or "Acorn"); and raises its twelve month target price from $14.00 to $17.50. Ross Silver, Principal Analyst at Vista Partners, stated, "Acorn stands out amongst small cap growth stocks due to its current portfolio of companies focused on digital energy infrastructure management solutions. Each portfolio company may be poised for significant growth in these large addressable and growing security and energy markets. Acorn offers a quarterly dividend and management has successfully sold two portfolio companies in just a five year period, thus proving the business model." Mr. Silver continues, "It was encouraging to see one of Acorn's portfolio companies, US Seismic Systems, Inc. ('USSI'), ship their first commercial orders. USSI announced at the beginning of July that it shipped the world's largest commercial high temperature down-hole fiber-optic seismic array which provides substantially higher performance with an 80-90 percentage reduction in cost as compared to legacy systems and enables operators to cost-effectively monitor 100% of their fracking initiatives. USSI also built and shipped an Ultra High Sensitivity fiber-optic based marine seismic array for oil & gas exploration at the end of June." Mr. Silver concludes, "Since Acorn joined the Russell 2000 & 3000 at the end of June, the percentage of shares short has increased dramatically which is typical for new entrants to these indexes. At the end of June, 19.2% of the float of Acorn was short which is very high and fortunately the share price has been relatively unaffected over the past month. Considering the limited number of shares in Acorn's float and the size of the Acorn short position, which would likely take close to a month to unwind, we may experience a short squeeze should both small and large investors continue to acquire Acorn shares. Should we experience a short squeeze, Acorn's share price may move considerably higher in the near term."

To download a FREE copy of the Acorn Energy, Inc. research report, please visit http://www.vistapglobal.com and click the "download research" icon to gain access to the report.

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.

Disclaimer & Disclosure:
For a full list of disclaimers and disclosures, please visit our website www.vistapglobal.com or click here.

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