Investment analysts at StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Get Free Report) in a research report issued to clients and investors on Thursday. The firm 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.
Get Our Latest Stock Report on ClearSign Technologies
ClearSign Technologies Stock Up 2.4 %
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last released its quarterly earnings data on Wednesday, August 21st. The technology company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). ClearSign Technologies had a negative net margin of 210.18% and a negative return on equity of 66.91%. The business had revenue of $0.05 million for the quarter, compared to the consensus estimate of $0.33 million. During the same period in the prior year, the firm earned ($0.04) EPS. As a group, research analysts expect that ClearSign Technologies will post -0.13 earnings per share for the current year.
Hedge Funds Weigh In On ClearSign Technologies
An institutional investor recently bought a new position in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 46,306 shares of the technology company’s stock, valued at approximately $45,000. Prevail Innovative Wealth Advisors LLC owned 0.10% of ClearSign Technologies as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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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