StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Free Report) in a report published on Friday. The brokerage issued a sell rating on the technology company’s stock.
Separately, HC Wainwright reaffirmed a “buy” rating and issued a $6.00 target price on shares of ClearSign Technologies in a research report on Thursday, August 22nd.
Read Our Latest Report on ClearSign Technologies
ClearSign Technologies Stock Performance
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 21st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). ClearSign Technologies had a negative return on equity of 66.91% and a negative net margin of 210.18%. The business had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.33 million. During the same quarter last year, the business earned ($0.04) earnings per share. As a group, research analysts forecast that ClearSign Technologies will post -0.13 EPS for the current year.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC bought a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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 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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