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H.C. Wainwright Thinks ClearSign Combustion’s Stock is Going to Recover

H.C. Wainwright analyst Amit Dayal maintained a Buy rating on ClearSign Combustion (CLIRResearch Report) today and set a price target of $6.00. The company’s shares closed last Friday at $1.29, close to its 52-week low of $1.00.

According to TipRanks.com, Dayal is a top 100 analyst with an average return of 50.8% and a 44.7% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as TOMI Environmental Solutions, Pioneer Power Solutions, and Ballard Power Systems.

ClearSign Combustion has an analyst consensus of Moderate Buy, with a price target consensus of $6.00.

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Based on ClearSign Combustion’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $1.49 million. In comparison, last year the company earned revenue of $363K and had a GAAP net loss of $2.02 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.

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