Aduro Clean Technologies Inc. (NASDAQ:ADUR) Receives Average Rating of “Moderate Buy” from Analysts

Aduro Clean Technologies Inc. (NASDAQ:ADUR) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $29.25.

A number of analysts recently issued reports on ADUR shares. Roth Capital initiated coverage on shares of Aduro Clean Technologies in a research report on Monday, July 27th. They set a “buy” rating and a $30.00 target price on the stock. LADENBURG THALM/SH SH upgraded Aduro Clean Technologies to a “strong-buy” rating in a report on Wednesday, May 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a report on Sunday, May 31st.

Hedge Funds Weigh In On Aduro Clean Technologies

Several large investors have recently added to or reduced their stakes in ADUR. Longview Financial Advisors Inc. acquired a new stake in Aduro Clean Technologies in the 1st quarter worth about $28,000. Wells Fargo & Company MN increased its stake 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 acquiring an additional 2,400 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Aduro Clean Technologies during the 2nd quarter worth about $44,000. Virtu Financial LLC purchased a new position in shares of Aduro Clean Technologies during the 4th quarter worth about $112,000. Finally, Bank of America Corp DE acquired a new stake in shares of Aduro Clean Technologies in the first quarter worth approximately $123,000.

Aduro Clean Technologies Price Performance

Shares of NASDAQ ADUR opened at $14.17 on Friday. The company has a 50-day simple moving average of $14.94 and a 200-day simple moving average of $13.31. The company has a market cap of $500.34 million, a PE ratio of -32.20 and a beta of 3.27. Aduro Clean Technologies has a 12 month low of $9.00 and a 12 month high of $18.19.

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.