Aduro Clean Technologies Inc. (NASDAQ:ADUR) Given Average Rating of “Hold” by Brokerages

Aduro Clean Technologies Inc. (NASDAQ:ADUR) has earned an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $29.00.

Several equities analysts have recently issued reports on the stock. D. Boral Capital reissued a “buy” rating and issued a $46.00 price target on shares of Aduro Clean Technologies in a report on Monday, March 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Wednesday, January 21st. Finally, HC Wainwright initiated coverage on Aduro Clean Technologies in a report on Wednesday, February 4th. They set a “buy” rating and a $22.00 target price on the stock.

Hedge Funds Weigh In On Aduro Clean Technologies

Several institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its stake in Aduro Clean Technologies by 800.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,700 shares of the company’s stock worth $28,000 after purchasing an additional 2,400 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Aduro Clean Technologies during the 2nd quarter worth approximately $44,000. Virtu Financial LLC bought a new position in Aduro Clean Technologies in the fourth quarter valued at approximately $112,000. Perigon Wealth Management LLC acquired a new position in shares of Aduro Clean Technologies in the fourth quarter valued at approximately $125,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Aduro Clean Technologies in the fourth quarter valued at approximately $159,000.

Aduro Clean Technologies Price Performance

Aduro Clean Technologies stock opened at $10.83 on Thursday. The firm has a market capitalization of $331.73 million, a price-to-earnings ratio of -23.54 and a beta of 3.70. The company’s 50 day simple moving average is $11.88 and its 200 day simple moving average is $12.64. Aduro Clean Technologies has a fifty-two week low of $3.49 and a fifty-two week high of $17.66.

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

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.