Aduro Clean Technologies (NASDAQ:ADUR) Earns “Buy” Rating from D. Boral Capital

Aduro Clean Technologies (NASDAQ:ADUR)‘s stock had its “buy” rating restated by equities research analysts at D. Boral Capital in a research note issued to investors on Friday,Benzinga reports. They presently have a $46.00 price target on the stock. D. Boral Capital’s target price indicates a potential upside of 344.87% from the stock’s previous close.

ADUR has been the topic of several other reports. Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Wednesday, January 21st. HC Wainwright assumed coverage on shares of Aduro Clean Technologies in a research report on Wednesday, February 4th. They set a “buy” rating and a $22.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $29.00.

Aduro Clean Technologies Trading Up 0.6%

ADUR opened at $10.34 on Friday. Aduro Clean Technologies has a 1-year low of $3.95 and a 1-year high of $17.66. The company has a market capitalization of $316.71 million, a PE ratio of -22.48 and a beta of 3.24. The firm’s 50 day simple moving average is $10.96 and its two-hundred day simple moving average is $12.40.

Aduro Clean Technologies (NASDAQ:ADUR) last released its quarterly earnings results on Thursday, January 15th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $0.09 million for the quarter, compared to the consensus estimate of $0.05 million.

Institutional Trading of Aduro Clean Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of Aduro Clean Technologies by 800.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,700 shares of the company’s stock valued at $28,000 after purchasing an additional 2,400 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Aduro Clean Technologies during the 2nd quarter valued at $44,000. Virtu Financial LLC purchased a new position in Aduro Clean Technologies during the fourth quarter valued at $112,000. Perigon Wealth Management LLC purchased a new position in Aduro Clean Technologies during the fourth quarter valued at $125,000. Finally, Boothbay Fund Management LLC purchased a new position in Aduro Clean Technologies during the third quarter valued at $164,000.

Aduro Clean Technologies Company Profile

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.