Chardan Capital Weighs in on CleanSpark FY2026 Earnings

CleanSpark, Inc. (NASDAQ:CLSK) – Analysts at Chardan Capital issued their FY2026 earnings per share estimates for CleanSpark in a research note issued to investors on Wednesday, May 21st. Chardan Capital analyst J. Mcilree forecasts that the company will post earnings per share of $0.85 for the year. Chardan Capital has a “Buy” rating and a $20.00 price objective on the stock. The consensus estimate for CleanSpark’s current full-year earnings is $0.58 per share.

A number of other research analysts have also weighed in on the company. Needham & Company LLC initiated coverage on CleanSpark in a report on Wednesday, February 12th. They issued a “buy” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on CleanSpark from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Keefe, Bruyette & Woods initiated coverage on CleanSpark in a report on Monday, January 27th. They issued an “outperform” rating and a $19.00 price objective on the stock. Finally, HC Wainwright reissued a “buy” rating and issued a $27.00 price objective on shares of CleanSpark in a report on Friday, February 7th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $20.71.

CleanSpark Stock Performance

CleanSpark stock opened at $9.36 on Monday. The stock has a 50-day moving average of $8.28 and a two-hundred day moving average of $10.13. CleanSpark has a one year low of $6.45 and a one year high of $20.64. The stock has a market cap of $2.63 billion, a PE ratio of 85.10 and a beta of 4.36.

CleanSpark (NASDAQ:CLSK) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). CleanSpark had a net margin of 16.07% and a negative return on equity of 2.61%. The business had revenue of $181.71 million during the quarter, compared to analysts’ expectations of $196.43 million. During the same quarter last year, the business posted $0.59 earnings per share. The company’s quarterly revenue was up 62.5% compared to the same quarter last year.

Institutional Trading of CleanSpark

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its holdings in CleanSpark by 364.0% during the third quarter. Barclays PLC now owns 389,201 shares of the company’s stock worth $3,634,000 after acquiring an additional 305,316 shares during the period. Virtu Financial LLC acquired a new stake in CleanSpark during the fourth quarter worth about $338,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in CleanSpark by 68.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 281,783 shares of the company’s stock worth $2,595,000 after acquiring an additional 114,674 shares during the period. Quadrant Capital Group LLC acquired a new stake in CleanSpark during the fourth quarter worth about $734,000. Finally, Algert Global LLC boosted its position in CleanSpark by 284.1% during the fourth quarter. Algert Global LLC now owns 198,862 shares of the company’s stock worth $1,832,000 after purchasing an additional 147,086 shares in the last quarter. 43.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Amanda Cavaleri sold 13,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $7.97, for a total transaction of $103,610.00. Following the sale, the director now directly owns 140,289 shares of the company’s stock, valued at $1,118,103.33. This trade represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roger Paul Beynon sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $10.51, for a total value of $525,500.00. Following the sale, the director now directly owns 125,511 shares in the company, valued at approximately $1,319,120.61. This trade represents a 28.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.65% of the company’s stock.

About CleanSpark

CleanSpark, Inc operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc and changed its name to CleanSpark, Inc in November 2016.