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TULSA, Okla. - ClearSign Technologies Corporation (NASDAQ: CLIR), a $41.6 million market cap company specializing in industrial combustion and sensing technologies, announced it has received a purchase order for a flare retrofit from an energy company in California. The company has demonstrated impressive revenue growth of 263% over the last twelve months, according to InvestingPro data. The order, which follows the successful completion of an engineering order, is part of the company’s efforts to support decarbonization and emissions reduction in the energy sector.
ClearSign’s CEO, Jim Deller, Ph.D., expressed satisfaction with the new order, highlighting it as a sign of growing interest in the company’s emissions reduction technologies. The flare retrofit, designed for a production facility in the San Joaquin Valley, is expected to be fabricated and shipped in the second quarter of 2025.
The company’s products, including ClearSign Core™ and ClearSign Eye™, aim to improve operational performance, energy efficiency, and safety, while also enabling the use of hydrogen as a fuel. ClearSign’s technologies are intended for a wide range of markets, such as upstream oil production, refining, and the chemical and petrochemical industries. InvestingPro analysis reveals the company maintains a strong financial position with a current ratio of 7.46, indicating robust short-term liquidity. Subscribers can access 8 additional key insights about CLIR’s financial health and market position.
This announcement comes amid a broader industry focus on reducing emissions and improving air quality standards. ClearSign’s flare products are engineered to provide a cleaner method for disposing of unusable hydrocarbons, aligning with air quality goals and permitting requirements.
Investors are advised that this news is based on a press release statement and should consider the usual risks and uncertainties associated with such forward-looking statements. These include the company’s ability to deliver on its performance obligations, adapt to regulatory changes, and maintain its competitive position in the market. While the company holds more cash than debt on its balance sheet, InvestingPro data indicates an EBITDA of -$5.77 million in the last twelve months. For comprehensive analysis of CLIR’s investment potential, including Fair Value estimates and detailed financial metrics, investors can access the full Pro Research Report, available exclusively to subscribers.
In other recent news, ClearSign Technologies Corporation announced several significant developments. The company reported receiving a $400,000 grant from the U.S. Department of Energy to advance its hydrogen burner technology, which aims to decarbonize high-temperature industrial processes. This initiative will focus on optimizing industrial furnaces for 100% hydrogen fuel utilization. ClearSign also secured a new purchase order from Rogue Combustion for a low-emission boiler burner, intended for integration into California Boiler’s rental fleet, with fabrication and shipment expected in the second quarter of 2025.
Additionally, ClearSign is set to install its ClearSign Eye sensors at a major Gulf Coast refinery, marking the first commercial trial of this technology designed to enhance safety and reduce emissions. The sensors will be installed in the second quarter of the year, following a technical review that highlighted their improved durability and reliability. Furthermore, ClearSign has expanded its partnership with Zeeco, Inc. to introduce a new line of low-emission process burners. This collaboration will combine ClearSign’s Core technology with Zeeco’s expertise to market burners that meet stringent environmental standards. These recent developments reflect ClearSign’s ongoing efforts to enhance its industrial combustion and sensing technologies.
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