ClearSign Technologies Co. to Post FY2024 Earnings of ($0.12) Per Share, HC Wainwright Forecasts (NASDAQ:CLIR)

ClearSign Technologies Co. (NASDAQ:CLIRFree Report) – Equities research analysts at HC Wainwright cut their FY2024 earnings per share estimates for ClearSign Technologies in a research report issued to clients and investors on Tuesday, May 28th. HC Wainwright analyst A. Dayal now expects that the technology company will post earnings of ($0.12) per share for the year, down from their prior forecast of ($0.11). HC Wainwright currently has a “Buy” rating and a $6.00 price target on the stock. The consensus estimate for ClearSign Technologies’ current full-year earnings is ($0.11) per share. HC Wainwright also issued estimates for ClearSign Technologies’ FY2026 earnings at $0.20 EPS and FY2027 earnings at $0.41 EPS.

ClearSign Technologies (NASDAQ:CLIRGet Free Report) last announced its quarterly earnings data on Wednesday, May 15th. The technology company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $1.10 million during the quarter, compared to analysts’ expectations of $1.02 million. ClearSign Technologies had a negative return on equity of 85.65% and a negative net margin of 186.63%.

Separately, StockNews.com initiated coverage on ClearSign Technologies in a research report on Sunday, May 26th. They set a “sell” rating for the company.

Check Out Our Latest Stock Report on CLIR

ClearSign Technologies Trading Down 3.2 %

Shares of NASDAQ:CLIR opened at $0.79 on Thursday. The stock has a market capitalization of $36.46 million, a P/E ratio of -6.62 and a beta of 1.07. ClearSign Technologies has a 1-year low of $0.73 and a 1-year high of $1.75. The business has a 50-day moving average price of $0.87 and a two-hundred day moving average price of $1.02.

Hedge Funds Weigh In On ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC lifted its holdings in ClearSign Technologies Co. (NASDAQ:CLIRFree Report) by 223.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 48,016 shares of the technology company’s stock after purchasing 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. Hedge funds and other institutional investors own 24.03% of the company’s stock.

ClearSign Technologies Company Profile

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ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong.

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