Analysts’ Weekly Ratings Updates for ClearSign Technologies (CLIR)

Several analysts have recently updated their ratings and price targets for ClearSign Technologies (NASDAQ: CLIR):

• 9/13/2023 – ClearSign Technologies is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 9/5/2023 – ClearSign Technologies is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 9/1/2023 – ClearSign Technologies had its “buy” rating reaffirmed by analysts at HC Wainwright. They now have a $6.00 price target on the stock.
• 8/28/2023 – ClearSign Technologies is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/20/2023 – ClearSign Technologies is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/12/2023 – ClearSign Technologies is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/4/2023 – ClearSign Technologies is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/27/2023 – ClearSign Technologies is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.

ClearSign Technologies Stock Performance

NASDAQ:CLIR opened at $0.92 on Monday. The company has a market capitalization of $35.43 million, a PE ratio of -6.56 and a beta of 1.00. The company has a 50 day simple moving average of $1.14 and a two-hundred day simple moving average of $1.11. ClearSign Technologies Co. has a fifty-two week low of $0.50 and a fifty-two week high of $1.75.

ClearSign Technologies (NASDAQ:CLIR) last released its earnings results on Monday, August 14th. The technology company reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $0.15 million during the quarter, compared to the consensus estimate of $0.61 million. ClearSign Technologies had a negative net margin of 390.48% and a negative return on equity of 61.36%. Research analysts predict that ClearSign Technologies Co. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On ClearSign Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new position in shares of ClearSign Technologies in the 2nd quarter worth about $38,000. BlackRock Inc. boosted its holdings in shares of ClearSign Technologies by 5.4% in the 2nd quarter. BlackRock Inc. now owns 281,854 shares of the technology company’s stock worth $369,000 after buying an additional 14,486 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of ClearSign Technologies by 24.7% in the 2nd quarter. Geode Capital Management LLC now owns 322,830 shares of the technology company’s stock worth $423,000 after buying an additional 63,874 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new position in shares of ClearSign Technologies in the 2nd quarter worth about $33,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of ClearSign Technologies in the 2nd quarter worth about $580,000. 6.86% of the stock is currently owned by institutional investors.

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.