ClearSign Technologies (NASDAQ:CLIR) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report report published on Thursday morning. The firm issued a sell rating on the technology company’s stock.

Separately, HC Wainwright reissued a buy rating and set a $6.00 price target on shares of ClearSign Technologies in a research report on Friday, September 1st.

ClearSign Technologies Stock Down 4.5 %

Shares of NASDAQ CLIR opened at $0.80 on Thursday. ClearSign Technologies has a 12-month low of $0.50 and a 12-month high of $1.75. The company has a 50-day moving average of $0.98 and a 200 day moving average of $1.15.

ClearSign Technologies (NASDAQ:CLIR) last posted its quarterly earnings results on Monday, August 14th. The technology company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $0.15 million during the quarter, compared to analysts’ expectations of $0.61 million. ClearSign Technologies had a negative return on equity of 71.15% and a negative net margin of 471.33%. As a group, research analysts forecast that ClearSign Technologies will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC acquired a new position in shares of ClearSign Technologies in the 3rd quarter valued at $137,000. Renaissance Technologies LLC purchased a new stake in ClearSign Technologies in the 2nd quarter valued at about $38,000. BlackRock Inc. lifted its position in ClearSign Technologies by 5.4% in the second quarter. BlackRock Inc. now owns 281,854 shares of the technology company’s stock valued at $369,000 after buying an additional 14,486 shares during the last quarter. Geode Capital Management LLC boosted its stake in ClearSign Technologies by 24.7% during the second quarter. Geode Capital Management LLC now owns 322,830 shares of the technology company’s stock worth $423,000 after buying an additional 63,874 shares during the period. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of ClearSign Technologies during the second quarter valued at about $33,000. 6.86% of the stock is currently owned by hedge funds and other institutional investors.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation designs and develops technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play Burner technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.