7/27/2023 0 Comments Cleanspark stock forecast 2021CLSK scores a 7 out of 10 on TipRanks’ Smart Score rating system, suggesting the stock’s returns are likely to align with the market performance. The average analyst price target of $47.50 implies 168.5% upside potential to the current price. CleanSpark Market Cap (20.86) 0.68 Current Price The company is getting closer to having its technology deployed at a larger scale, but this good news can't outshine the falling price of. Consensus among analysts on Wall Street is a Moderate Buy based on 2 Buy ratings. “We believe CleanSpark should be a beneficiary of any transition towards cleaner Bitcoin mining,” noted Dayal. The analyst believes Tesla’s halt of bitcoin payments over the cryptocurrency’s environmental impact bodes well for CleanSpark as it uses renewable energy. Wainwright analyst Amit Dayal reiterated a Buy rating on CleanSpark stock with a price target of $50, which implies 183.2% upside potential. ( See CleanSpark stock analysis on TipRanks ) H.C. High Return on Equity CLSK Return on Assets -22.7 -2.4. It hopes all its businesses will eventually benefit from its work with FlowGen. CLSK Return on Equity -25.1 -19.2 CLSKs Return on Equity (-25.1). CleanSpark is using profits from its Bitcoin mining to advance its renewable energy business. markets closed Dow Futures Nasdaq Futures -19.50(-0.15) Russell 2000 Futures (-0.03) Crude Oil CleanSpark, Inc. "This partnership further demonstrates the flexibility of our controls technologies…Wind energy is a powerful resource that has the ability to enhance the operating characteristics of microgrids across a variety of applications,” commented CleanSpark CEO Zach Bradford. (CLSK) Latest Stock News & Headlines - Yahoo Finance U.S. CleanSpark sees the arrangement with FlowGen extending the application of its technology beyond solar to the wind energy market to give it exposure to a bigger customer base. The parties have started joint marketing of solutions that include FlowGen’s wind turbines, solar, and battery energy storage systems. The companies are counting on their partnership to deliver reliable and efficient systems to their shared customers as they advance renewable energy adoption. While CleanSpark will be selling FlowGen's wind turbines, FlowGen will adopt CleanSpark’s mPulse controls solutions in all of its microgrid projects worldwide. Based in Utah, CleanSpark provides energy management solutions and also owns and operates a fleet of Bitcoin miners. The arrangement will make CleanSpark the exclusive distributor of FlowGen’s wind turbines in America. Based on these price targets, the low is -25.31 off current price, whereas the. The company’s stock has been forecasted to trade at an average price of 7.75 over the course of the next 52 weeks, with a low of 5.00 and a high of 12.00. CleanSpark ( CLSK ) has partnered with Swiss wind turbine maker FlowGen to offer advanced wind turbine solutions worldwide. (CLSK)’s beta value is 3.32, and its average true range (ATR) is 0.42.
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