Key Points
- Director purchase: Director Gil Todd Silva bought 2,000 CLIR shares on April 23 at $5.28 (having bought 2,000 on March 16 at $4.36), now owning 6,000 shares — a 50% increase in his position from the latest transaction.
- Quarterly results: ClearSign beat estimates with Q earnings of ($0.09) vs. ($0.30) expected and revenue of $3.67M vs. $2.43M expected, but the company remains unprofitable with a -105% net margin and a market cap of roughly $28.3M.
- Mixed market signals: Institutional investors have been increasing stakes (24.03% owned by institutions), while analyst views diverge — HC Wainwright raised its target to $20 (buy) but Weiss Ratings maintained a "sell (d-)", leaving a consensus "Hold" with a $20 average target.
ClearSign Technologies Corporation (NASDAQ:CLIR - Get Free Report) Director Gil Todd Silva purchased 2,000 shares of the firm's stock in a transaction on Thursday, April 23rd. The shares were acquired at an average cost of $5.28 per share, for a total transaction of $10,560.00. Following the completion of the purchase, the director directly owned 6,000 shares of the company's stock, valued at approximately $31,680. This represents a 50.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Gil Todd Silva also recently made the following trade(s):
- On Monday, March 16th, Gil Todd Silva purchased 2,000 shares of ClearSign Technologies stock. The shares were acquired at an average cost of $4.36 per share, for a total transaction of $8,720.00.
ClearSign Technologies Stock Performance
CLIR stock opened at $5.23 on Tuesday. The company has a market capitalization of $28.29 million, a PE ratio of -4.36 and a beta of 1.27. ClearSign Technologies Corporation has a one year low of $3.24 and a one year high of $11.20. The company's 50 day moving average price is $5.10 and its two-hundred day moving average price is $6.56.
ClearSign Technologies (NASDAQ:CLIR - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The technology company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.21. The firm had revenue of $3.67 million for the quarter, compared to the consensus estimate of $2.43 million. ClearSign Technologies had a negative net margin of 105.01% and a negative return on equity of 53.54%. On average, research analysts predict that ClearSign Technologies Corporation will post -1.06 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake 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 worth $43,000 after buying an additional 36,769 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of ClearSign Technologies by 895.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company's stock worth $40,000 after buying an additional 64,523 shares during the period. Rockefeller Capital Management L.P. increased its stake 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 worth $45,000 after buying an additional 72,200 shares during the period. Finally, Americana Partners LLC increased its stake in shares of ClearSign Technologies by 83.3% in the fourth quarter. Americana Partners LLC now owns 55,000 shares of the technology company's stock worth $31,000 after buying an additional 25,000 shares during the period. 24.03% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have commented on CLIR shares. Weiss Ratings reissued a "sell (d-)" rating on shares of ClearSign Technologies in a research note on Friday, March 27th. HC Wainwright lifted their price target on shares of ClearSign Technologies from $2.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $20.00.
Get Our Latest Stock Analysis on CLIR
About ClearSign Technologies
(
Get Free Report)
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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