Cantor Fitzgerald Reaffirms Overweight Rating for Cleanspark (NASDAQ:CLSK)

Posted by Francis Steltz on Aug 7th, 2026

Cleanspark (NASDAQ:CLSK – Get Free Report)‘s stock had its “overweight” rating reissued by analysts at Cantor Fitzgerald in a research note issued on Friday,Benzinga reports. They currently have a $26.00 price objective on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 103.92% from the stock’s current price.

A number of other research analysts have also recently weighed in on CLSK. HC Wainwright reiterated a “buy” rating on shares of Cleanspark in a research note on Friday. Needham & Company LLC raised their price target on shares of Cleanspark from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Citizens Jmp initiated coverage on shares of Cleanspark in a report on Wednesday, June 24th. They issued a “market outperform” rating and a $27.00 price target on the stock. Maxim Group upped their price objective on Cleanspark from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Zacks Research raised Cleanspark from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.88.

View Our Latest Stock Report on Cleanspark

Cleanspark Trading Down 5.6%

Shares of Cleanspark stock opened at $12.75 on Friday. Cleanspark has a 1 year low of $8.00 and a 1 year high of $23.61. The firm has a market cap of $3.27 billion, a PE ratio of -6.07 and a beta of 3.86. The stock has a fifty day moving average price of $15.01 and a 200-day moving average price of $12.67. The company has a debt-to-equity ratio of 1.81, a current ratio of 8.26 and a quick ratio of 8.26.

Cleanspark (NASDAQ:CLSK – Get Free Report) last released its earnings results on Monday, May 11th. The company reported ($1.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($1.27). The business had revenue of $136.41 million for the quarter, compared to the consensus estimate of $145.35 million. Cleanspark had a positive return on equity of 7.07% and a negative net margin of 67.66%.The company’s revenue for the quarter was down 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.49) earnings per share. Equities research analysts anticipate that Cleanspark will post -1.23 EPS for the current year.

Hedge Funds Weigh In On Cleanspark

Several large investors have recently modified their holdings of CLSK. Danske Bank A S bought a new position in Cleanspark in the 4th quarter worth approximately $25,000. Quarry LP bought a new stake in shares of Cleanspark during the 3rd quarter valued at $26,000. Morse Asset Management Inc bought a new position in Cleanspark in the 3rd quarter worth about $32,000. Strs Ohio purchased a new position in Cleanspark during the 1st quarter valued at about $38,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of Cleanspark by 5,081.0% during the third quarter. CIBC Private Wealth Group LLC now owns 3,005 shares of the company’s stock valued at $44,000 after buying an additional 2,947 shares during the period. Hedge funds and other institutional investors own 43.12% of the company’s stock.

About Cleanspark

(Get Free Report)

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.