ClearSign Technologies (NASDAQ:CLIR) Given “Buy” Rating at HC Wainwright

HC Wainwright reissued their buy rating on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a $6.00 target price on the technology company’s stock.

Separately, StockNews.com assumed coverage on shares of ClearSign Technologies in a research note on Wednesday. They set a sell rating for the company.

ClearSign Technologies Trading Down 9.8 %

NASDAQ:CLIR opened at $0.79 on Wednesday. ClearSign Technologies has a one year low of $0.75 and a one year high of $1.75. The company has a fifty day moving average price of $1.02 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 holdings in ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% in the first quarter, according to the company in its most recent 13F filing 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 0.12% of ClearSign Technologies worth $46,000 as of its most recent filing with the SEC. Institutional investors own 24.03% of the company’s stock.

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.