ClearSign Technologies Co. (NASDAQ:CLIR) to Post Q1 2024 Earnings of ($0.03) Per Share, HC Wainwright Forecasts

ClearSign Technologies Co. (NASDAQ:CLIR) – HC Wainwright issued their Q1 2024 earnings per share estimates for shares of ClearSign Technologies in a note issued to investors on Wednesday, April 24th. HC Wainwright analyst A. Dayal anticipates that the technology company will post earnings of ($0.03) per share for the quarter. HC Wainwright has a “Buy” rating and a $6.00 price target on the stock. The consensus estimate for ClearSign Technologies’ current full-year earnings is ($0.11) per share. HC Wainwright also issued estimates for ClearSign Technologies’ Q2 2024 earnings at ($0.04) EPS, Q3 2024 earnings at ($0.03) EPS, Q4 2024 earnings at ($0.02) EPS, FY2024 earnings at ($0.11) EPS, FY2025 earnings at $0.03 EPS, FY2026 earnings at $0.18 EPS and FY2027 earnings at $0.37 EPS.

ClearSign Technologies (NASDAQ:CLIR) last released its quarterly earnings data on Monday, April 1st. The technology company reported ($0.02) earnings per share for the quarter. The company had revenue of $1.27 million for the quarter. ClearSign Technologies had a negative net margin of 216.15% and a negative return on equity of 77.28%.

Separately, StockNews.com assumed coverage on ClearSign Technologies in a report on Wednesday. They set a “sell” rating for the company.

ClearSign Technologies Stock Performance

NASDAQ:CLIR opened at $0.74 on Friday. The firm has a market cap of $28.89 million, a PE ratio of -5.69 and a beta of 0.99. ClearSign Technologies has a fifty-two week low of $0.74 and a fifty-two week high of $1.75. The business has a 50 day moving average price of $1.01 and a 200-day moving average price of $1.04.

Hedge Funds Weigh In On ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC grew its stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,016 shares of the technology company’s stock after acquiring an additional 33,152 shares during the quarter. Disciplined Investments LLC owned about 0.12% of ClearSign Technologies worth $46,000 as of its most recent SEC filing. 24.03% of the stock is owned by institutional investors and hedge funds.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation designs and develops technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play Burner technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.