ClearSign Technologies Co. (NASDAQ:CLIR) Forecasted to Earn FY2027 Earnings of $0.45 Per Share

ClearSign Technologies Co. (NASDAQ:CLIR – Get Rating) – Equities researchers at HC Wainwright upped their FY2027 earnings per share (EPS) estimates for shares of ClearSign Technologies in a research report issued on Friday, May 19th. HC Wainwright analyst A. Dayal now anticipates that the technology company will earn $0.45 per share for the year, up from their prior forecast of $0.42. The consensus estimate for ClearSign Technologies’ current full-year earnings is ($0.14) per share.

Separately, StockNews.com initiated coverage on shares of ClearSign Technologies in a report on Tuesday, May 16th. They set a “sell” rating on the stock.

ClearSign Technologies Price Performance

NASDAQ:CLIR opened at $1.45 on Monday. ClearSign Technologies has a 12 month low of $0.50 and a 12 month high of $1.75. The firm has a market capitalization of $55.90 million, a PE ratio of -9.67 and a beta of 1.07. The business’s 50-day moving average is $0.95 and its two-hundred day moving average is $0.79.

ClearSign Technologies (NASDAQ:CLIR – Get Rating) last released its earnings results on Thursday, May 18th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $0.89 million for the quarter, compared to analyst estimates of $0.60 million. During the same quarter in the previous year, the firm posted ($0.05) EPS.

Institutional Investors Weigh In On ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Bank of Montreal Can boosted its position in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Get Rating) by 49.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,400 shares of the technology company’s stock after buying an additional 17,600 shares during the quarter. Bank of Montreal Can owned 0.17% of ClearSign Technologies worth $91,000 as of its most recent filing with the Securities & Exchange Commission. 8.42% of the stock is currently owned by institutional investors and hedge funds.

ClearSign Technologies Company Profile

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ClearSign Technologies Corp. engages in the design and development of technologies for the combustion systems. Its product Duplex technology focuses on the performance enhancement of combustion systems in a broad range of markets, including the energy, commercial and industrial boiler, chemical, petrochemical, and power industries.