Q4 Earnings Estimate for Cleanspark Issued By HC Wainwright

Key Points

• HC Wainwright lowered CleanSpark’s Q4 2026 EPS forecast to a loss of $0.43 per share from a previous estimate of $0.26, while maintaining a “Buy” rating.
• CleanSpark’s latest quarterly results missed expectations, reporting a $0.89-per-share loss versus the $0.47 consensus estimate and revenue of $138.01 million, down 30.5% year over year.
• Despite weak profitability, analyst sentiment remains broadly positive: the stock has an average “Moderate Buy” rating and a consensus price target of $23.88, compared with a recent price of $11.52.

Cleanspark, Inc. (NASDAQ:CLSK - Free Report) - Equities researchers at HC Wainwright dropped their Q4 2026 earnings per share (EPS) estimates for shares of Cleanspark in a research report issued to clients and investors on Friday, August 7th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings of ($0.43) per share for the quarter, down from their previous forecast of ($0.26). HC Wainwright has a "Buy" rating on the stock. The consensus estimate for Cleanspark's current full-year earnings is ($1.40) per share.

Cleanspark (NASDAQ:CLSK - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by ($0.42). Cleanspark had a negative return on equity of 18.63% and a negative net margin of 146.90%.The company had revenue of $138.01 million for the quarter, compared to analyst estimates of $142.37 million. During the same period last year, the company posted $0.90 earnings per share. The business's revenue for the quarter was down 30.5% compared to the same quarter last year.

A number of other equities research analysts also recently issued reports on CLSK. Cantor Fitzgerald reiterated an "overweight" rating and set a $26.00 price objective on shares of Cleanspark in a research note on Friday, August 7th. Keefe, Bruyette & Woods boosted their target price on shares of Cleanspark from $16.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, July 28th. Citizens Jmp began coverage on shares of Cleanspark in a report on Wednesday, June 24th. They set a "market outperform" rating and a $27.00 price target for the company. Citigroup began coverage on shares of Cleanspark in a report on Wednesday, June 24th. They set an "outperform" rating for the company. Finally, Chardan Capital reiterated a "buy" rating and set a $21.00 price target on shares of Cleanspark in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Cleanspark currently has an average rating of "Moderate Buy" and an average target price of $23.88.

Cleanspark Stock Down 0.6%

CLSK stock opened at $11.52 on Wednesday. The company has a market cap of $2.96 billion, a PE ratio of -3.06 and a beta of 3.86. The business has a 50-day simple moving average of $14.62 and a 200 day simple moving average of $12.65. Cleanspark has a 52 week low of $8.00 and a 52 week high of $23.61. The company has a quick ratio of 2.11, a current ratio of 5.91 and a debt-to-equity ratio of 2.34.

Institutional Trading of Cleanspark

Several large investors have recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC bought a new position in Cleanspark in the second quarter valued at about $374,000. Sequoia Financial Advisors LLC bought a new position in shares of Cleanspark in the second quarter worth about $188,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Cleanspark in the second quarter worth about $225,000. SteelPeak Wealth LLC acquired a new stake in shares of Cleanspark in the 2nd quarter valued at approximately $203,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of Cleanspark by 5.9% in the 2nd quarter. Handelsbanken Fonder AB now owns 78,400 shares of the company's stock valued at $1,141,000 after purchasing an additional 4,400 shares in the last quarter. 43.12% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Chardan Capital reaffirmed its Buy rating and maintained a $21 price target, implying substantial upside from recent trading levels. Benzinga analyst rating report
• Positive Sentiment: HC Wainwright also retained a Buy rating while forecasting a $1.46 loss per share for fiscal 2026, signaling that the firm remains constructive on CleanSpark’s longer-term outlook despite near-term losses.
• Neutral Sentiment: Reported short interest was listed at zero shares, unchanged from the prior period, with zero days to cover. Because the figures appear inconsistent with the accompanying “significant increase” description, the data provides little useful indication of current short-selling pressure.
• Neutral Sentiment: Cantor Fitzgerald reiterated its Overweight rating, adding to the positive analyst sentiment surrounding the stock. Cantor Fitzgerald rating report
• Negative Sentiment: Northland Securities reduced its EPS forecasts across multiple periods. Its fiscal 2026 estimate fell to a $1.41 loss per share from $1.13, while its fiscal 2027 estimate dropped sharply to a $1.49 loss from $0.62. Quarterly 2027 loss estimates were also lowered to roughly $0.36–$0.39 per share, indicating weaker anticipated profitability.
• Negative Sentiment: CleanSpark declined alongside Riot Platforms and MARA Holdings as Strategy reportedly sold bitcoin and bitcoin-related shares. The sector-wide move highlights the stock’s sensitivity to cryptocurrency prices and investor risk appetite. Bitcoin miner sector selloff report

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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