ClearSign Combustion (CLIR) Gets a Buy Rating from H.C. Wainwright

By Jason Carr

H.C. Wainwright analyst Amit Dayal maintained a Buy rating on ClearSign Combustion (CLIRResearch Report) today and set a price target of $10.00. The company’s shares closed last Tuesday at $5.10.

According to TipRanks.com, Dayal is a top 25 analyst with an average return of 69.8% and a 57.3% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Westport Fuel Systems, Orion Energy Systems, and Ceco Environmental.

Currently, the analyst consensus on ClearSign Combustion is a Moderate Buy with an average price target of $10.00.

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Based on ClearSign Combustion’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $363K and GAAP net loss of $2.02 million. In comparison, last year the company had a GAAP net loss of $1.96 million.

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ClearSign Technologies Corp. engages in the design and development of technologies for the combustion systems. Its product Duplex technology focuses on the performance enhancement of combustion systems in a broad range of markets, including the energy, commercial and industrial boiler, chemical, petrochemical, and power industries. The company was founded by Richard F. Rutkowski, David B. Goodson, and Geoffrey D. Osler on January 23, 2008 and is headquartered in Seattle, WA.