ClearSign Technologies Corporation (NASDAQ:CLIR – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.48 and traded as low as $4.57. ClearSign Technologies shares last traded at $5.06, with a volume of 16,146 shares changing hands.
Analyst Ratings Changes
CLIR has been the topic of several recent analyst reports. HC Wainwright boosted their target price on ClearSign Technologies from $2.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of ClearSign Technologies in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.00.
Check Out Our Latest Analysis on CLIR
ClearSign Technologies Price Performance
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last issued its earnings results on Tuesday, March 31st. The technology company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.21. ClearSign Technologies had a negative net margin of 105.01% and a negative return on equity of 53.54%. The company had revenue of $3.67 million for the quarter, compared to analyst estimates of $2.43 million. Sell-side analysts predict that ClearSign Technologies Corporation will post -1.06 earnings per share for the current year.
Hedge Funds Weigh In On ClearSign Technologies
Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in ClearSign Technologies by 895.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock worth $40,000 after purchasing an additional 64,523 shares during the last quarter. Americana Partners LLC grew its holdings in ClearSign Technologies by 83.3% in the fourth quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock valued at $31,000 after purchasing an additional 25,000 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of ClearSign Technologies by 89.6% in 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 in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of ClearSign Technologies by 801.4% in 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 in the last quarter. 24.03% of the stock is owned by hedge funds and other institutional investors.
About ClearSign Technologies
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.
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