Aduro Clean Technologies (NASDAQ:ADUR) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Aduro Clean Technologies (NASDAQ:ADUR) announced its quarterly earnings results on Thursday. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.01, Zacks reports. Aduro Clean Technologies had a negative return on equity of 133.33% and a negative net margin of 7,329.94%.

Aduro Clean Technologies Trading Down 4.1%

Shares of ADUR opened at $13.99 on Friday. Aduro Clean Technologies has a 1-year low of $3.49 and a 1-year high of $17.66. The firm’s 50-day moving average price is $12.09 and its 200-day moving average price is $12.33. The firm has a market capitalization of $428.51 million, a price-to-earnings ratio of -35.87 and a beta of 3.41.

Institutional Trading of Aduro Clean Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC purchased a new position in shares of Aduro Clean Technologies during the 2nd quarter worth approximately $172,000. NewEdge Advisors LLC grew its stake in 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 purchasing an additional 21,000 shares during the period. Raymond James Financial Inc. purchased a new stake in Aduro Clean Technologies in the second quarter worth $44,000. UBS Group AG raised its holdings in Aduro Clean Technologies by 20.9% in the third quarter. UBS Group AG now owns 70,594 shares of the company’s stock worth $946,000 after purchasing an additional 12,202 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in Aduro Clean Technologies during the third quarter valued at $528,000.

Wall Street Analysts Forecast Growth

ADUR has been the topic of a number of analyst reports. Zacks Research upgraded shares of Aduro Clean Technologies to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Wednesday, October 8th. D. Boral Capital restated a “buy” rating and set a $46.00 price target on shares of Aduro Clean Technologies in a report on Monday, November 24th. Finally, LADENBURG THALM/SH SH began coverage on Aduro Clean Technologies in a research report on Friday, November 21st. They set a “buy” rating and a $19.00 price target for the company. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Aduro Clean Technologies has an average rating of “Hold” and an average target price of $32.50.

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.