ClearSign Technologies (NASDAQ:CLIR) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIRFree Report) in a research note issued to investors on Saturday morning. The firm issued a sell rating on the technology company’s stock.

Separately, HC Wainwright restated a buy rating and issued a $6.00 price objective on shares of ClearSign Technologies in a report on Wednesday, April 24th.

Check Out Our Latest Research Report on CLIR

ClearSign Technologies Stock Performance

NASDAQ:CLIR opened at $0.78 on Friday. The stock’s 50-day moving average is $0.91 and its 200-day moving average is $1.02. ClearSign Technologies has a 1-year low of $0.74 and a 1-year high of $1.75.

ClearSign Technologies (NASDAQ:CLIRGet Free Report) last posted its earnings results on Wednesday, May 15th. The technology company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The firm had revenue of $1.10 million for the quarter, compared to analyst estimates of $1.02 million. ClearSign Technologies had a negative net margin of 186.63% and a negative return on equity of 85.65%. On average, research analysts forecast that ClearSign Technologies will post -0.11 earnings per share for the current year.

Institutional Trading of ClearSign Technologies

A hedge fund recently bought a new stake in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC acquired a new stake in ClearSign Technologies Co. (NASDAQ:CLIRFree Report) during the first quarter, according to its most recent disclosure with the 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 SEC. Institutional investors and hedge funds own 24.03% of the company’s stock.

About ClearSign Technologies

(Get Free Report)

ClearSign Technologies Corporation designs and develops technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play Burner technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.

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