Cleanspark’s (CLSK) “Buy” Rating Reiterated at Chardan Capital

Cleanspark (NASDAQ:CLSK)‘s stock had its “buy” rating reiterated by investment analysts at Chardan Capital in a report issued on Wednesday,Benzinga reports. They presently have a $19.00 price objective on the stock. Chardan Capital’s price target would indicate a potential upside of 41.26% from the company’s current price.

A number of other research firms have also weighed in on CLSK. Zacks Research upgraded shares of Cleanspark from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Weiss Ratings downgraded shares of Cleanspark from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, May 22nd. Citizens Jmp began coverage on Cleanspark in a research note on Wednesday, June 24th. They issued a “market outperform” rating and a $27.00 price target for the company. Citigroup started coverage on Cleanspark in a report on Wednesday, June 24th. They set an “outperform” rating on the stock. Finally, Maxim Group boosted their price objective on Cleanspark from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.48.

Cleanspark Stock Up 8.8%

CLSK stock opened at $13.45 on Wednesday. The business’s 50-day moving average price is $15.35 and its 200-day moving average price is $12.39. The stock has a market cap of $3.45 billion, a P/E ratio of -6.40 and a beta of 3.83. The company has a quick ratio of 8.26, a current ratio of 8.26 and a debt-to-equity ratio of 1.81. Cleanspark has a twelve month low of $8.00 and a twelve month high of $23.61.

Cleanspark (NASDAQ:CLSK) last released its earnings results on Monday, May 11th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($1.27). Cleanspark had a positive return on equity of 7.07% and a negative net margin of 67.66%.The firm had revenue of $136.41 million during the quarter, compared to analysts’ expectations of $145.35 million. During the same period in the prior year, the company posted ($0.49) earnings per share. The company’s revenue was down 24.9% compared to the same quarter last year. On average, equities research analysts forecast that Cleanspark will post -1.19 EPS for the current year.

Institutional Trading of Cleanspark

Several hedge funds have recently bought and sold shares of CLSK. Dimensional Fund Advisors LP boosted its holdings in shares of Cleanspark by 81.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,102,777 shares of the company’s stock valued at $120,007,000 after purchasing an additional 6,323,715 shares during the last quarter. Situational Awareness LP increased its holdings in shares of Cleanspark by 648.4% in the first quarter. Situational Awareness LP now owns 12,276,139 shares of the company’s stock worth $104,470,000 after purchasing an additional 10,635,739 shares during the last quarter. Marex Group plc increased its holdings in shares of Cleanspark by 23,812.2% in the fourth quarter. Marex Group plc now owns 5,400,561 shares of the company’s stock worth $54,654,000 after purchasing an additional 5,377,976 shares during the last quarter. Invesco Ltd. lifted its position in shares of Cleanspark by 22.1% in the third quarter. Invesco Ltd. now owns 4,482,527 shares of the company’s stock worth $64,997,000 after buying an additional 810,203 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Cleanspark by 13.3% in the third quarter. Tidal Investments LLC now owns 4,366,437 shares of the company’s stock worth $63,313,000 after buying an additional 514,062 shares in the last quarter. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Key Stories Impacting Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: CleanSpark secured a massive 20-year infrastructure lease that could bring in billions of dollars in predictable revenue and improve how investors value the business. CleanSpark Secures Twenty-Year Lease with High-Investment Grade Global Technology Company for Data Center in Sandersville, Georgia
• Positive Sentiment: Analyst sentiment got a boost after BTIG Research reiterated a Buy rating and raised its price target to $26, reinforcing the bullish reaction to the new lease announcement. Cleanspark (NASDAQ:CLSK) Receives “Buy” Rating from BTIG Research
• Neutral Sentiment: Trading activity also picked up as investors reacted to the company’s broader pivot into high-performance computing and AI hosting, which could reshape its long-term growth profile. CleanSpark (CLSK) Scores Billion-Dollar Deals in Georgia, Texas; Shares Climb
• Neutral Sentiment: The company also reported June Bitcoin production of 614 BTC, which supports its mining operations but has been overshadowed by the new AI/data center story. CleanSpark (CLSK) Reports June Bitcoin Output, Is The 42% Undervalued View Still Credible?
• Negative Sentiment: Some investors remain cautious because the new lease will require substantial upfront capital spending before revenue begins, and the company still carries execution and financing risk as it transitions its business model. CleanSpark stock overview

Cleanspark Company Profile

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.