Equities research analysts at StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Get Free Report) in a note issued to investors on Tuesday. 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 report on Thursday, August 22nd.
View Our Latest Analysis on ClearSign Technologies
ClearSign Technologies Price Performance
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last announced its quarterly earnings results on Wednesday, August 21st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). ClearSign Technologies had a negative return on equity of 66.91% and a negative net margin of 210.18%. The firm 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 company posted ($0.04) earnings per share. On average, equities research analysts expect that ClearSign Technologies will post -0.13 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ClearSign Technologies
A hedge fund recently bought a new stake in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,306 shares of the technology company’s stock, valued at approximately $45,000. Prevail Innovative Wealth Advisors LLC owned about 0.10% of ClearSign Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 24.03% of the company’s stock.
About ClearSign Technologies
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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