StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Get Free Report) in a research report issued on Friday. The brokerage set a “sell” rating on the technology company’s stock.
Separately, HC Wainwright restated a “buy” rating and set a $6.00 target price on shares of ClearSign Technologies in a research note on Wednesday, April 24th.
View Our Latest Report on ClearSign Technologies
ClearSign Technologies Stock Performance
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last issued its earnings results on Monday, April 1st. The technology company reported ($0.02) EPS for the quarter. The firm had revenue of $1.27 million for the quarter. ClearSign Technologies had a negative return on equity of 77.28% and a negative net margin of 216.15%. Equities analysts forecast that ClearSign Technologies will post -0.11 EPS for the current fiscal year.
Hedge Funds Weigh In On ClearSign Technologies
An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC increased its position in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Free Report) by 223.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,016 shares of the technology company’s stock after buying an additional 33,152 shares during the quarter. Disciplined Investments LLC owned about 0.12% of ClearSign Technologies worth $46,000 as of its most recent SEC filing. Institutional investors and hedge funds own 24.03% of the company’s stock.
About ClearSign Technologies
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.
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