ClearSign Technologies (NASDAQ:CLIR) Stock Rating Reaffirmed by HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a $6.00 price objective on the technology company’s stock. HC Wainwright also issued estimates for ClearSign Technologies’ Q1 2024 earnings at ($0.03) EPS, Q2 2024 earnings at ($0.04) EPS, Q3 2024 earnings at ($0.03) EPS, Q4 2024 earnings at ($0.02) EPS, FY2024 earnings at ($0.11) EPS, FY2025 earnings at $0.03 EPS, FY2026 earnings at $0.18 EPS and FY2027 earnings at $0.37 EPS.

Separately, StockNews.com assumed coverage on ClearSign Technologies in a report on Wednesday. They set a sell rating for the company.

ClearSign Technologies Trading Down 8.3 %

Shares of CLIR opened at $0.74 on Wednesday. ClearSign Technologies has a 1 year low of $0.74 and a 1 year high of $1.75. The stock has a 50 day simple moving average of $1.01 and a 200-day simple moving average of $1.04. The stock has a market cap of $28.89 million, a PE ratio of -5.69 and a beta of 0.99.

ClearSign Technologies (NASDAQ:CLIR) last issued its earnings results on Monday, April 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter. ClearSign Technologies had a negative return on equity of 77.28% and a negative net margin of 216.15%. The company had revenue of $1.27 million during the quarter. On average, sell-side analysts forecast that ClearSign Technologies will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC grew its position in ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 48,016 shares of the technology company’s stock after buying an additional 33,152 shares during the period. Disciplined Investments LLC owned 0.12% of ClearSign Technologies worth $46,000 at the end of the most recent reporting period. Institutional investors own 24.03% of the company’s stock.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation designs and develops technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play Burner technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.