Clearsign Combustion Corporation (CLIR) stock has reached a new 52-week high, touching $1.42 USD, with impressive momentum showing a 13.5% gain in the past week alone. According to InvestingPro data, the company maintains a strong financial position with a healthy current ratio of 7.46. This peak represents a significant milestone for the company, reflecting a robust performance over the past year. Investors have shown growing confidence in Clearsign Combustion’s market position and future prospects, as evidenced by the stock’s impressive 1-year change of 9.91% and remarkable six-month return of 46.2%. The achievement of this 52-week high is a noteworthy event for shareholders and potential investors, signaling a period of strong momentum for the company. InvestingPro subscribers can access 11 additional expert insights and a comprehensive Pro Research Report for deeper analysis of CLIR’s potential.
In other recent news, ClearSign Technologies Corporation has seen significant advancements. The company reported a substantial increase in its financial performance, with revenues skyrocketing to approximately $1.9 million from $85,000 in the same period last year. Year-to-date revenues also experienced a significant surge, reaching $3 million, marking a $1.9 million increase from the previous year. Additionally, the company’s gross profit margins have improved, growing from 22% to 33%.
ClearSign has expanded its partnership with Zeeco, Inc., launching a new line of low-emission burners that integrate ClearSign’s Core technology. This collaboration aims to meet stringent environmental standards while enhancing Zeeco’s emission control capabilities and amplifying ClearSign’s market reach. The partnership has already resulted in ClearSign shipping 20 burners to a Los Angeles refinery and receiving a 26-burner order from a Fortune 500 petrochemical company.
ClearSign also secured a new purchase order for a boiler burner from Rogue Combustion, a subsidiary of California Boiler. Despite these positive developments, the company has decided to suspend operations in China due to delayed commercial progress. These are among the recent developments shaping ClearSign’s business trajectory.
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