CleanSpark Stock Soars After Gaining More Support From Wall Street

Shares of energy-technology and bitcoin-mining company CleanSpark (NASDAQ: CLSK) soared today after a Wall Street analyst initiated coverage of the stock with a bullish note. The stock was up 14% for the session.

Penny stocks and small-cap stocks like CleanSpark are often off most investors' radars because analyst firms aren't giving them any coverage. However, CleanSpark stock is up around 1,700% over the past year, meaning it's starting to get some attention. According to The Fly, an analyst with BTIG is starting off their coverage of CleanSpark stock with a buy rating. The price target is set at $45 per share, which is still substantial upside.

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Source Fool.com