StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Free Report) in a research report released on Friday. The firm issued a sell rating on the technology company’s stock.
Separately, HC Wainwright reaffirmed a “buy” rating and issued a $6.00 price objective on shares of ClearSign Technologies in a report on Thursday, August 22nd.
Read Our Latest Analysis on CLIR
ClearSign Technologies Stock Performance
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last announced its quarterly earnings data on Wednesday, August 21st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.33 million. ClearSign Technologies had a negative return on equity of 66.91% and a negative net margin of 210.18%. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. As a group, sell-side analysts expect that ClearSign Technologies will post -0.13 earnings per share for the current fiscal year.
Institutional Trading of ClearSign Technologies
An institutional investor recently bought a new position in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC bought 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 Form 13F filing with the SEC. The firm bought 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 at the end of the most recent quarter. Hedge funds and other institutional investors 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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