Equities researchers at StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Get Free Report) in a research note issued on Saturday. The brokerage set a “sell” rating on the technology company’s stock.
Separately, HC Wainwright reissued a “buy” rating and issued a $6.00 target price on shares of ClearSign Technologies in a report on Thursday, August 22nd.
Read Our Latest Analysis on ClearSign Technologies
ClearSign Technologies Trading Up 1.4 %
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last announced its earnings results on Wednesday, August 21st. The technology company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $0.05 million during the quarter, compared to the consensus estimate of $0.33 million. ClearSign Technologies had a negative net margin of 210.18% and a negative return on equity of 66.91%. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. Research analysts predict that ClearSign Technologies will post -0.13 EPS for the current year.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC purchased a new stake in ClearSign Technologies Co. (NASDAQ:CLIR – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 46,306 shares of the technology company’s stock, valued at approximately $45,000. Prevail Innovative Wealth Advisors LLC owned approximately 0.10% of ClearSign Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 24.03% of the company’s stock.
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.
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