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ClearSign Combustion Corporation (CLIR)



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Upturn Advisory Summary
04/01/2025: CLIR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -22.09% | Avg. Invested days 39 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 38.19M USD | Price to earnings Ratio - | 1Y Target Price 6 |
Price to earnings Ratio - | 1Y Target Price 6 | ||
Volume (30-day avg) 76344 | Beta 1.03 | 52 Weeks Range 0.62 - 1.72 | Updated Date 04/1/2025 |
52 Weeks Range 0.62 - 1.72 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.11 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -118.93% | Operating Margin (TTM) -77.08% |
Management Effectiveness
Return on Assets (TTM) -28.62% | Return on Equity (TTM) -49.02% |
Valuation
Trailing PE - | Forward PE 72.99 | Enterprise Value 23887078 | Price to Sales(TTM) 8.92 |
Enterprise Value 23887078 | Price to Sales(TTM) 8.92 | ||
Enterprise Value to Revenue 5.58 | Enterprise Value to EBITDA -3.71 | Shares Outstanding 50234400 | Shares Floating 49596932 |
Shares Outstanding 50234400 | Shares Floating 49596932 | ||
Percent Insiders 4.68 | Percent Institutions 6.69 |
Analyst Ratings
Rating 4 | Target Price 6 | Buy 1 | Strong Buy - |
Buy 1 | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
ClearSign Combustion Corporation

Company Overview
History and Background
ClearSign Combustion Corporation, founded in 2008, specializes in developing and deploying advanced combustion and emissions control technologies for various industries. It evolved from focusing on burner technology to addressing broader emissions challenges.
Core Business Areas
- Industrial Flares: ClearSign offers flare technologies to reduce emissions in industrial processes, particularly in the oil and gas industry.
- Commercial/Industrial Boilers: ClearSign develops burners and systems for commercial and industrial boilers to improve efficiency and reduce NOx emissions.
- Waste Heat Recovery: ClearSign provides solutions to capture and reuse waste heat, improving energy efficiency and reducing emissions.
Leadership and Structure
The leadership team includes the CEO, CFO, and other key executives overseeing various operational and strategic aspects. The company operates with a structure that supports R&D, sales, and project implementation.
Top Products and Market Share
Key Offerings
- Duplex Plug & Play (DPP) Burner: This burner technology is designed for firetube boilers, reducing NOx and improving efficiency. Market share data is difficult to obtain precisely, but ClearSign targets a portion of the industrial boiler burner market. Competitors include Cleaver-Brooks, Hurst Boiler, and Nationwide Boiler.
- Ultra-Low NOx Flare (ULN Flare): These flares are designed to significantly reduce NOx emissions in industrial flaring applications. Market share data is difficult to obtain precisely, but ClearSign targets a portion of the industrial flare market. Competitors include John Zink Hamworthy Combustion, Zeeco, and Callidus Technologies.
Market Dynamics
Industry Overview
The combustion and emissions control industry is driven by increasingly stringent environmental regulations and a growing focus on energy efficiency across various sectors, including oil & gas, power generation, and manufacturing.
Positioning
ClearSign is positioned as an innovator in ultra-low NOx combustion technologies, offering solutions to meet demanding emissions standards. Its competitive advantage lies in its patented technologies and ability to achieve significant emissions reductions.
Total Addressable Market (TAM)
The TAM for emissions control technologies is estimated to be in the billions of dollars annually. ClearSign is positioned to capture a portion of this TAM through its advanced technologies and strategic partnerships.
Upturn SWOT Analysis
Strengths
- Proprietary Technology
- Ultra-Low NOx Performance
- Experienced Management Team
- Strategic Partnerships
Weaknesses
- Limited Financial Resources
- Small Market Share
- Dependence on Key Contracts
- Regulatory approval cycles
Opportunities
- Increasingly stringent environmental regulations
- Growing demand for energy efficiency
- Expansion into new markets (e.g., China, Europe)
- Partnerships with larger industrial companies
Threats
- Competition from established players
- Technological advancements by competitors
- Economic downturns affecting capital spending
- Changes in environmental regulations
Competitors and Market Share
Key Competitors
- John Zink Hamworthy Combustion (N/A)
- Zeeco (N/A)
- Callidus Technologies (N/A)
- Cleaver-Brooks (N/A)
- Hurst Boiler (N/A)
Competitive Landscape
ClearSign has a competitive edge in ultra-low NOx performance but faces challenges due to its limited financial resources and smaller market share compared to established players. A potential advantage may be derived from Carbon Credits.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth trends have been variable, influenced by project wins and regulatory changes. Growth is projected as potentially high if the industry moves towards carbon credits
Future Projections: Future growth projections depend on the adoption of ClearSign's technology, expansion into new markets, and partnerships. Analyst estimates should be consulted for specifics.
Recent Initiatives: Recent strategic initiatives include focusing on specific target markets (Oil & Gas and Boilers), technology development, and building strategic partnerships.
Summary
ClearSign is a niche player in the combustion and emissions control industry, offering advanced technologies for ultra-low NOx performance. Its proprietary technology and partnerships are strengths, but it faces challenges due to limited financial resources and strong competition. Future growth depends on market penetration, expansion into new markets, and capitalizing on increasingly stringent environmental regulations. They should look out for larger competitors copying their technology.
Similar Companies
- CECO
- ENNV
- FUEL
Sources and Disclaimers
Data Sources:
- Company Website
- Industry Reports
- Press Releases
- SEC Filings
Disclaimers:
The information provided is based on available data and is subject to change. Market share data is approximate due to limited public information. This is not financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ClearSign Combustion Corporation
Exchange NASDAQ | Headquaters Tulsa, OK, United States | ||
IPO Launch date 2012-04-25 | CEO, Corporate Secretary & Director Dr. Colin James Deller Ph.D. | ||
Sector Industrials | Industry Pollution & Treatment Controls | Full time employees 16 | Website https://www.clearsign.com |
Full time employees 16 | Website https://www.clearsign.com |
ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong. The company's technologies include ClearSign core burner technology consists of an industrial burner body and a downstream porous ceramic or metal flame stabilizing structure; ClearSign core process burner technology that provides a direct burner replacement for traditional refinery process heaters; ClearSign core boiler burner technology; ClearSign core flaring burners that can be used individually, or in combination, to provide a flare product with extremely low nitrogen oxide emissions; and ClearSign eye flame sensor, an electrical flame sensor for industrial applications. It serves energy, institutional, commercial and industrial boiler, chemical, and petrochemical industries. The company was formerly known as ClearSign Combustion Corporation and changed its name ClearSign Technologies Corporation in November 2019. ClearSign Technologies Corporation was incorporated in 2008 and is headquartered in Tulsa, Oklahoma.
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