ClearSign Technologies

CLIR · NASDAQ

$2.49+$0.15 (+6.41%)TodayMarket closed · Oct 20, 4:10 PM ET

Prev close $2.34

CLIR analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 3 analysts

Average $20.40 (+719.3% upside)

Low: $20.20
Now: $2.49
High: $21.00

Upgrades and downgrades

The latest rating actions, newest first

CLIR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
HC Wainwright & Co.	Apr 14, 2026	Maintains	Buy	$2.00 → $20.00	34%

The case for and against

Updated Oct 7, 2025

Bull case

ClearSign Technologies Corp has established a strategic partnership with Zeeco, launching a co-branded process burner line, which is anticipated to drive revenue improvements. The company’s positive outlook is further supported by key catalysts such as contract wins and demonstrating consistent deployments in various industries. Additionally, management has effectively controlled general and administrative expenses, reducing them to $1.3 million from $1.4 million in the previous year, indicating operational efficiency.

Bear case

ClearSign Technologies Corp has revised its 2025 revenue expectations significantly downward from $21.6 million to $4.7 million, reflecting a substantial decline in anticipated financial performance. The company is now projected to incur an EBITDA loss of $7.0 million, contrasting with a previously expected EBITDA profit of approximately $0.6 million. Despite making strides in increasing industry visibility for its technologies, the lack of a consistent and meaningful order flow has led to a cautious outlook and necessitated a reevaluation of financial projections.

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