ClearSign Technologies (NASDAQ:CLIR) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report issued to clients and investors on Friday. The brokerage set a “sell” rating on the technology company’s stock.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $6.00 price target on shares of ClearSign Technologies in a research report on Thursday, August 22nd.

ClearSign Technologies Stock Performance

NASDAQ:CLIR opened at $1.09 on Friday. ClearSign Technologies has a 52 week low of $0.62 and a 52 week high of $1.35. The firm’s fifty day moving average is $0.98 and its 200-day moving average is $0.85. The firm has a market cap of $54.76 million, a P/E ratio of -9.91 and a beta of 1.14.

Hedge Funds Weigh In On ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Geode Capital Management LLC raised its holdings in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 521,229 shares of the technology company’s stock after purchasing an additional 136,639 shares during the quarter. Geode Capital Management LLC owned 1.04% of ClearSign Technologies worth $443,000 as of its most recent SEC filing. 24.03% of the stock is currently owned by institutional investors and hedge funds.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong.