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
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
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.
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