Research Analysts Issue Forecasts for CLIR FY2028 Earnings

ClearSign Technologies Corporation (NASDAQ:CLIR) – Investment analysts at HC Wainwright cut their FY2028 EPS estimates for ClearSign Technologies in a report issued on Thursday, August 20th. HC Wainwright analyst A. Dayal now forecasts that the technology company will post earnings per share of $0.17 for the year, down from their prior estimate of $0.26. The consensus estimate for ClearSign Technologies’ current full-year earnings is ($1.11) per share.

ClearSign Technologies (NASDAQ:CLIR) last posted its quarterly earnings results on Friday, August 14th. The technology company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.03. ClearSign Technologies had a negative net margin of 96.07% and a negative return on equity of 58.08%. The firm had revenue of $0.56 million during the quarter, compared to the consensus estimate of $0.61 million.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ClearSign Technologies in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, ClearSign Technologies has a consensus rating of “Hold” and an average price target of $20.00.

ClearSign Technologies Stock Up 6.4%

Shares of NASDAQ CLIR opened at $4.68 on Friday. ClearSign Technologies has a twelve month low of $3.16 and a twelve month high of $11.20. The firm has a market cap of $31.86 million, a PE ratio of -5.14 and a beta of 1.38. The business has a fifty day simple moving average of $3.88 and a two-hundred day simple moving average of $4.64.

Insider Activity at ClearSign Technologies

In related news, major shareholder John M. Pasquesi acquired 500,000 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average cost of $3.54 per share, with a total value of $1,770,000.00. Following the completion of the acquisition, the insider directly owned 1,343,477 shares of the company’s stock, valued at $4,755,908.58. This represents a 59.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.22% of the company’s stock.

Institutional Investors Weigh In On ClearSign Technologies

A number of large investors have recently bought and sold shares of CLIR. Northwestern Mutual Wealth Management Co. acquired a new stake in ClearSign Technologies during the 2nd quarter worth about $26,000. Americana Partners LLC boosted its holdings in ClearSign Technologies by 83.3% during the fourth quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock worth $31,000 after buying an additional 25,000 shares in the last quarter. Renaissance Technologies LLC grew its position in ClearSign Technologies by 89.6% during the fourth quarter. Renaissance Technologies LLC now owns 77,800 shares of the technology company’s stock valued at $43,000 after buying an additional 36,769 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in ClearSign Technologies by 801.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 81,209 shares of the technology company’s stock valued at $45,000 after buying an additional 72,200 shares during the period. Hedge funds and other institutional investors own 24.03% of the company’s stock.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation is a clean energy technology company specializing in advanced combustion solutions that significantly reduce emissions of nitrogen oxides (NOx), carbon monoxide (CO), and greenhouse gases from industrial and power generation sources. Established in 2010 and based in Santa Rosa, California, ClearSign has developed proprietary burner and sensing platforms designed to enhance fuel efficiency and environmental performance for gas turbines, furnaces, boilers, and incineration units.

The company’s core offerings center around two technology platforms: the XCL™ ultra-low NOx combustion system and the SGM™ (Syngas & Gas Measurement) sensor suite.