HC Wainwright Has Pessimistic View of CLIR FY2029 Earnings

ClearSign Technologies Corporation (NASDAQ:CLIR) – Equities research analysts at HC Wainwright dropped their FY2029 earnings per share estimates for shares of ClearSign Technologies in a research note issued on Thursday, November 20th. HC Wainwright analyst A. Dayal now forecasts that the technology company will post earnings of $0.16 per share for the year, down from their previous forecast of $0.17. The consensus estimate for ClearSign Technologies’ current full-year earnings is ($0.13) per share.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ClearSign Technologies in a research report on Monday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $2.00.

ClearSign Technologies Price Performance

NASDAQ CLIR opened at $0.82 on Friday. ClearSign Technologies has a 12 month low of $0.46 and a 12 month high of $1.72. The company has a market capitalization of $43.04 million, a price-to-earnings ratio of -7.46 and a beta of 1.20. The company’s fifty day moving average price is $0.83 and its two-hundred day moving average price is $0.67.

ClearSign Technologies (NASDAQ:CLIR) last released its quarterly earnings results on Friday, November 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $1.03 million during the quarter, compared to the consensus estimate of $1.43 million. ClearSign Technologies had a negative net margin of 203.65% and a negative return on equity of 47.61%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Integrity Alliance LLC. bought a new stake in shares of ClearSign Technologies during the 1st quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. lifted its holdings in ClearSign Technologies by 895.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock worth $40,000 after acquiring an additional 64,523 shares during the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new position in ClearSign Technologies in the second quarter valued at approximately $145,000. 24.03% of the stock is currently owned by institutional investors.

About ClearSign Technologies

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.