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

Aduro Clean Technologies (NASDAQ:ADUR)‘s stock had its “buy” rating reiterated by equities researchers at D. Boral Capital in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $46.00 price objective on the stock. D. Boral Capital’s price objective would suggest a potential upside of 332.33% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Zacks Research upgraded shares of Aduro Clean Technologies to a “hold” rating in a research note on Tuesday, November 25th. 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 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Wednesday, January 21st. Finally, LADENBURG THALM/SH SH started coverage on shares of Aduro Clean Technologies in a report on Friday, November 21st. They set a “buy” rating and a $19.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $29.00.

Aduro Clean Technologies Stock Down 7.1%

NASDAQ:ADUR opened at $10.64 on Wednesday. The firm has a market cap of $325.90 million, a price-to-earnings ratio of -23.13 and a beta of 3.46. Aduro Clean Technologies has a 12 month low of $3.49 and a 12 month high of $17.66. The company’s 50 day moving average is $12.51 and its 200-day moving average is $12.65.

Aduro Clean Technologies (NASDAQ:ADUR) last posted its quarterly earnings data on Thursday, January 15th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $0.09 million during the quarter, compared to analysts’ expectations of $0.05 million.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Copperleaf Capital LLC acquired a new stake in shares of Aduro Clean Technologies during the 2nd quarter worth approximately $233,000. Diametric Capital LP bought a new position in Aduro Clean Technologies in the 2nd quarter valued at about $345,000. Simplex Trading LLC purchased a new position in shares of Aduro Clean Technologies during the second quarter valued at approximately $40,000. NewEdge Advisors LLC grew its stake 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 worth $425,000 after acquiring an additional 10,640 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in Aduro Clean Technologies in the 3rd quarter valued at about $164,000.

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.