HC Wainwright Has Negative Forecast for CLIR FY2029 Earnings

ClearSign Technologies Corporation (NASDAQ:CLIR) – Stock analysts at HC Wainwright lowered their FY2029 EPS estimates for shares of ClearSign Technologies in a report issued on Thursday, November 20th. HC Wainwright analyst A. Dayal now anticipates that the technology company will post earnings per share of $0.16 for the year, down from their previous estimate of $0.17. The consensus estimate for ClearSign Technologies’ current full-year earnings is ($0.13) per share.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ClearSign Technologies in a research report on Monday, November 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $2.00.

ClearSign Technologies Price Performance

Shares of ClearSign Technologies stock opened at $0.81 on Friday. ClearSign Technologies has a 1 year low of $0.46 and a 1 year high of $1.72. The business has a 50 day moving average price of $0.84 and a 200 day moving average price of $0.68. The company has a market capitalization of $43.31 million, a P/E ratio of -7.39 and a beta of 1.20.

ClearSign Technologies (NASDAQ:CLIR) last announced its quarterly earnings results on Friday, November 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The company had revenue of $1.03 million for the quarter, compared to the consensus estimate of $1.43 million. ClearSign Technologies had a negative net margin of 203.65% and a negative return on equity of 47.61%.

Hedge Funds Weigh In On ClearSign Technologies

Several large investors have recently added to or reduced their stakes in the business. Beacon Pointe Advisors LLC acquired a new stake in ClearSign Technologies in the 2nd quarter worth about $145,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of ClearSign Technologies by 895.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock worth $40,000 after acquiring an additional 64,523 shares during the period. Finally, Integrity Alliance LLC. acquired a new stake in shares of ClearSign Technologies in the first quarter worth approximately $30,000. 24.03% of the stock is currently owned by hedge funds and other institutional investors.

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.