ClearSign Technologies (NASDAQ:CLIR) Earns Buy Rating from HC Wainwright

ClearSign Technologies (NASDAQ:CLIR)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $6.00 price target on the technology company’s stock.

Separately, StockNews.com started coverage on shares of ClearSign Technologies in a research note on Wednesday. They issued a “sell” rating for the company.

ClearSign Technologies Stock Performance

CLIR opened at $0.87 on Wednesday. ClearSign Technologies has a fifty-two week low of $0.75 and a fifty-two week high of $1.75. The stock has a market capitalization of $34.04 million, a price-to-earnings ratio of -6.71 and a beta of 0.99. The company has a fifty day moving average of $1.02 and a 200 day moving average of $1.04.

Hedge Funds Weigh In On ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC increased its position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,016 shares of the technology company’s stock after purchasing an additional 33,152 shares during the period. Disciplined Investments LLC owned approximately 0.12% of ClearSign Technologies worth $46,000 at the end of the most recent quarter. 24.03% of the stock is currently owned by institutional investors.

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.