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

HC Wainwright reaffirmed their buy rating on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report released on Wednesday morning, Benzinga reports. They currently have a $6.00 target price on the technology company’s stock.

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

ClearSign Technologies Stock Down 9.8 %

CLIR stock opened at $0.79 on Wednesday. The company has a fifty day moving average price of $1.02 and a two-hundred day moving average price of $1.04. ClearSign Technologies has a one year low of $0.75 and a one year high of $1.75.

Institutional Investors Weigh In On ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC lifted its position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,016 shares of the technology company’s stock after buying 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 currently 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.