Aduro Clean Technologies’ (ADUR) “Buy” Rating Reaffirmed at D. Boral Capital

D. Boral Capital reissued their buy rating on shares of Aduro Clean Technologies (NASDAQ:ADUR) in a report published on Monday,Benzinga reports. The firm currently has a $46.00 price target on the stock.

ADUR has been the topic of several other research reports. HC Wainwright began coverage on Aduro Clean Technologies in a research note on Wednesday, February 4th. They issued a “buy” rating and a $22.00 price objective on the stock. LADENBURG THALM/SH SH started coverage on Aduro Clean Technologies in a research report on Friday, November 21st. They issued a “buy” rating and a $19.00 target price for the company. Zacks Research upgraded Aduro Clean Technologies to a “hold” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $29.00.

Aduro Clean Technologies Stock Performance

Shares of ADUR stock opened at $10.99 on Monday. The firm has a market cap of $336.62 million, a price-to-earnings ratio of -23.89 and a beta of 3.70. Aduro Clean Technologies has a 52 week low of $3.49 and a 52 week high of $17.66. The firm’s 50-day simple moving average is $12.09 and its two-hundred day simple moving average is $12.66.

Aduro Clean Technologies (NASDAQ:ADUR) last released its earnings results on Thursday, January 15th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. Aduro Clean Technologies had a negative net margin of 6,393.09% and a negative return on equity of 129.57%. The firm had revenue of $0.09 million during the quarter, compared to the consensus estimate of $0.05 million.

Institutional Trading of Aduro Clean Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Empery Asset Management LP bought a new position in Aduro Clean Technologies in the 4th quarter worth about $5,916,000. Two Sigma Investments LP bought a new stake in shares of Aduro Clean Technologies during the third quarter valued at about $528,000. Diametric Capital LP bought a new stake in shares of Aduro Clean Technologies during the second quarter valued at about $345,000. Copperleaf Capital LLC purchased a new stake in shares of Aduro Clean Technologies in the second quarter worth about $233,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Aduro Clean Technologies by 21,000.0% in the second quarter. NewEdge Advisors LLC now owns 21,100 shares of the company’s stock worth $189,000 after buying an additional 21,000 shares in the last quarter.

About Aduro Clean Technologies

Aduro Clean Technologies, Inc is a development‐stage clean energy company that designs, develops and seeks to commercialize modular process systems for the production and purification of hydrogen. Listed on the Nasdaq under the ticker ADUR, the company focuses on low‐emission solutions to support the emerging hydrogen economy, including renewable fuel applications, energy storage and industrial gas supply. Aduro Clean Technologies aims to address the growing demand for high‐purity hydrogen across mobility, power generation and chemical processing sectors.

The company’s core technologies include its H2-Conductor platform, a membrane‐based system engineered to separate and purify hydrogen from mixed gas streams, and its H2-Integrate suite of modular reactors capable of producing hydrogen from various feedstocks.