HC Wainwright Has Bearish Forecast for CLIR FY2028 Earnings

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

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ClearSign Technologies in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.00.

ClearSign Technologies Price Performance

CLIR stock opened at $4.68 on Friday. The business has a 50 day simple moving average of $3.88 and a 200-day simple moving average of $4.64. The firm has a market capitalization of $31.86 million, a PE ratio of -5.14 and a beta of 1.38. ClearSign Technologies has a 1 year low of $3.16 and a 1 year high of $11.20.

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

Insider Buying and Selling at ClearSign Technologies

In other ClearSign Technologies news, major shareholder John M. Pasquesi bought 500,000 shares of the business’s stock in a transaction that occurred on 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 purchase, the insider directly owned 1,343,477 shares in the company, valued at approximately $4,755,908.58. This represents a 59.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.22% of the company’s stock.

Institutional Investors Weigh In On ClearSign Technologies

Hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its holdings in 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 acquiring an additional 72,200 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of ClearSign Technologies by 89.6% in the 4th 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. Northwestern Mutual Wealth Management Co. raised its stake in ClearSign Technologies by 895.3% during the 2nd 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 in the last quarter. Finally, Americana Partners LLC lifted its position 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 acquiring an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 24.03% of the company’s stock.

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.