Aduro Clean Technologies (NASDAQ:ADUR) Coverage Initiated at HC Wainwright

Equities researchers at HC Wainwright began coverage on shares of Aduro Clean Technologies (NASDAQ:ADUR) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $22.00 price target on the stock. HC Wainwright’s price target indicates a potential upside of 110.93% from the company’s previous close.

ADUR has been the topic of a number of other reports. D. Boral Capital reiterated a “buy” rating and issued a $46.00 target price on shares of Aduro Clean Technologies in a report on Monday, November 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Wednesday, January 21st. LADENBURG THALM/SH SH started coverage on Aduro Clean Technologies in a research report on Friday, November 21st. They set a “buy” rating and a $19.00 price objective for the company. Finally, Zacks Research raised Aduro Clean Technologies to a “hold” rating in a research note on Tuesday, November 25th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $29.00.

Aduro Clean Technologies Stock Down 9.5%

Shares of Aduro Clean Technologies stock opened at $10.43 on Wednesday. The business has a fifty day simple moving average of $12.68 and a 200-day simple moving average of $12.64. Aduro Clean Technologies has a fifty-two week low of $3.49 and a fifty-two week high of $17.66. The firm has a market cap of $319.47 million, a price-to-earnings ratio of -22.67 and a beta of 3.46.

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

Hedge Funds Weigh In On Aduro Clean Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADUR. Copperleaf Capital LLC acquired a new position in Aduro Clean Technologies during the second quarter valued at $233,000. Diametric Capital LP purchased a new position in Aduro Clean Technologies during the 2nd quarter valued at about $345,000. Simplex Trading LLC acquired a new position in shares of Aduro Clean Technologies in the 2nd quarter valued at about $40,000. NewEdge Advisors LLC increased its holdings in shares of Aduro Clean Technologies by 50.4% in the 3rd quarter. NewEdge Advisors LLC now owns 31,740 shares of the company’s stock valued at $425,000 after purchasing an additional 10,640 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in shares of Aduro Clean Technologies in the third quarter worth approximately $528,000.

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.