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Acorn Energy ( (ACFN) ) has issued an update.
Acorn Energy has extended its consulting agreement with Jan H. Loeb, who continues to serve as the President and CEO of the company and as Acting CEO of its OmniMetrix subsidiary. Under the new agreement, Mr. Loeb will receive $16,780 per month for his role as President and CEO, and an additional $10,000 per month for his role at OmniMetrix. Furthermore, he has been granted options to purchase 2,200 shares of the company’s common stock, with the vesting schedule spread across 2025. This move could help stabilize the company’s leadership and potentially influence its strategic direction and stakeholder confidence.
More about Acorn Energy
YTD Price Performance: -3.13%
Average Trading Volume: 5,171
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $45.81M
See more data about ACFN stock on TipRanks’ Stock Analysis page.