ClearSign Tech Shares Jumps As It Continue To Enjoy Analyst Confidence Post Q4

H.C. Wainwright analysts Amit Dayal and Sameer Joshi maintained a Buy rating on ClearSign Technologies Corp CLIR with a price target of $6.00 post Q4 (300% upside).
The analysts believe that ClearSign's products continue to attract customers thanks to the recent win for 20 process burners in California.
Further, management suggests that the relationship with sales and distribution partners Zeeco and California Boiler continues to strengthen.
As customer interest remains high, the analysts saw ClearSign winning orders for its 500hp fire tube burner in California.
Management remains optimistic about delivering the 16-unit process burner order from a Midwest refiner.
Contract wins in China remain vital to the story as it continues to develop strategic relations in the market.
The analysts saw revenues of $2.1 million in 2022, $6.1 million in 2023, and $199.0 million in 2030, at a seven-year CAGR of 64.3%.
Price Action: CLIR shares traded higher by 2% at $1.53 in the premarket on the last check Friday.

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