ClearSign Technologies (NASDAQ:CLIR) Now Covered by Analysts at initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIRFree Report) 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.

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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:CLIRGet Free Report) 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

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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.

Further Reading

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