We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ClearSign Technologies Releases Study Highlights on Boiler Burners
Read MoreHide Full Article
ClearSign Technologies Corporation (CLIR - Free Report) announced that its Ultra low NOx Burner Testing study, sponsored by the California Gas Emerging Technologies (“GET”) Program, has yielded impressive results. This study conducted by ICF has helped CLIR reach a milestone in its objective to drive decarbonization and increase operational efficiency, positioning it as a leader in the transition to cleaner energy.
ClearSign Technologies’ Boiler Burner Study Highlights
The study conducted by ICF evaluated the performance of CLIR's Core-Rogue Ultra low NOx boiler burner against a conventional ultra-low NOx Burner.
The California GET Program analysis found that ClearSign Technologies’ Rogue burner outperforms the baseline mesh burner in terms of efficiency, fuel savings (3.3-4.7%), and electricity savings (7-25%) at ultra-low NOx levels (below 2.5-9 ppm). The Rogue burner outperforms at lower NOx levels, resulting in significant energy and cost savings.
CLIR’s Benefits From the Study
ClearSign Technologies' innovative burner technology and impressive study results position the company for growth and expansion.
The report's findings translate to significant cost savings and environmental benefits for customers. The company forecasts an annual savings of $80,000 in California energy expenses for a mid-size 500hp boiler, as well as a reduction in CO2 emissions of roughly 500 tons per year.
ClearSign Technologies Q2 Top Line Dips Y/Y
CLIR reported second-quarter revenues of $0.045 million, down 70% from the second quarter of 2023. The company reported an adjusted loss of 4 cents in the quarter, in line with the Zacks Consensus Estimate. Its adjusted loss was unchanged from that recorded in the year-ago quarter.
In the second quarter of 2024, the company closed the sale of its largest boiler burner, which was nearly twice the size of the previous largest single burner sold. CLIR plans to deliver the burner in the third quarter of 2024. Devco Process Heaters of Tulsa sold the burner, which will be installed in a new heater at a gas processing complex in central Texas.
CLIR’s Share Price Lags Industry
The company’s shares have lost 18.8% in the past year against the industry’s growth of 13.6%.
Image Source: Zacks Investment Research
ClearSign Technologies’ Zacks Rank & Stocks to Consider
The Zacks Consensus Estimate for Crane’s 2024 earnings is pegged at $5.07 per share. The consensus estimate for 2024 earnings has moved north by 6% in the past 60 days. The company has a trailing four-quarter average earnings surprise of 11.2%. CR shares have gained 75.2% in a year.
Flowserve has an average trailing four-quarter earnings surprise of 18.2%. The Zacks Consensus Estimate for FLS’s 2024 earnings is pinned at $2.76 per share, which indicates year-over-year growth of 31.6%. The consensus estimate for 2024 earnings has moved north by 4% in the past 60 days. The company’s shares have gained 27.5% in a year.
The Zacks Consensus Estimate for RBC Bearings’ fiscal 2025 earnings is pegged at $9.71 per share. The consensus estimate for 2025 earnings has moved north by 1.4% in the past 60 days. The company has a trailing four-quarter average earnings surprise of 4.7%. RBC shares have gained 27.2% in a year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ClearSign Technologies Releases Study Highlights on Boiler Burners
ClearSign Technologies Corporation (CLIR - Free Report) announced that its Ultra low NOx Burner Testing study, sponsored by the California Gas Emerging Technologies (“GET”) Program, has yielded impressive results. This study conducted by ICF has helped CLIR reach a milestone in its objective to drive decarbonization and increase operational efficiency, positioning it as a leader in the transition to cleaner energy.
ClearSign Technologies’ Boiler Burner Study Highlights
The study conducted by ICF evaluated the performance of CLIR's Core-Rogue Ultra low NOx boiler burner against a conventional ultra-low NOx Burner.
The California GET Program analysis found that ClearSign Technologies’ Rogue burner outperforms the baseline mesh burner in terms of efficiency, fuel savings (3.3-4.7%), and electricity savings (7-25%) at ultra-low NOx levels (below 2.5-9 ppm). The Rogue burner outperforms at lower NOx levels, resulting in significant energy and cost savings.
CLIR’s Benefits From the Study
ClearSign Technologies' innovative burner technology and impressive study results position the company for growth and expansion.
The report's findings translate to significant cost savings and environmental benefits for customers. The company forecasts an annual savings of $80,000 in California energy expenses for a mid-size 500hp boiler, as well as a reduction in CO2 emissions of roughly 500 tons per year.
ClearSign Technologies Q2 Top Line Dips Y/Y
CLIR reported second-quarter revenues of $0.045 million, down 70% from the second quarter of 2023. The company reported an adjusted loss of 4 cents in the quarter, in line with the Zacks Consensus Estimate. Its adjusted loss was unchanged from that recorded in the year-ago quarter.
In the second quarter of 2024, the company closed the sale of its largest boiler burner, which was nearly twice the size of the previous largest single burner sold. CLIR plans to deliver the burner in the third quarter of 2024. Devco Process Heaters of Tulsa sold the burner, which will be installed in a new heater at a gas processing complex in central Texas.
CLIR’s Share Price Lags Industry
The company’s shares have lost 18.8% in the past year against the industry’s growth of 13.6%.
Image Source: Zacks Investment Research
ClearSign Technologies’ Zacks Rank & Stocks to Consider
CLIR currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks from the Industrial Products sector are Crane Company (CR - Free Report) , Flowserve Corporation (FLS - Free Report) and RBC Bearings Incorporated (RBC - Free Report) . These three companies have a Zacks Rank #2 at present (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Crane’s 2024 earnings is pegged at $5.07 per share. The consensus estimate for 2024 earnings has moved north by 6% in the past 60 days. The company has a trailing four-quarter average earnings surprise of 11.2%. CR shares have gained 75.2% in a year.
Flowserve has an average trailing four-quarter earnings surprise of 18.2%. The Zacks Consensus Estimate for FLS’s 2024 earnings is pinned at $2.76 per share, which indicates year-over-year growth of 31.6%. The consensus estimate for 2024 earnings has moved north by 4% in the past 60 days. The company’s shares have gained 27.5% in a year.
The Zacks Consensus Estimate for RBC Bearings’ fiscal 2025 earnings is pegged at $9.71 per share. The consensus estimate for 2025 earnings has moved north by 1.4% in the past 60 days. The company has a trailing four-quarter average earnings surprise of 4.7%. RBC shares have gained 27.2% in a year.