Aduro Clean Technologies (NASDAQ:ADUR) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen cut shares of Aduro Clean Technologies (NASDAQ:ADUR) from a sell rating to a strong sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other research firms also recently weighed in on ADUR. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Friday, July 17th. Roth Capital assumed coverage on Aduro Clean Technologies in a research note on Monday, July 27th. They set a “buy” rating and a $30.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Aduro Clean Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $29.25.

Aduro Clean Technologies Trading Down 2.2%

Shares of ADUR opened at $13.58 on Friday. The firm has a market cap of $479.51 million, a PE ratio of -21.90 and a beta of 3.22. The firm has a fifty day simple moving average of $14.85 and a two-hundred day simple moving average of $13.40. Aduro Clean Technologies has a 1-year low of $9.00 and a 1-year high of $18.19.

Aduro Clean Technologies (NASDAQ:ADUR) last released its quarterly earnings results on Monday, August 31st. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.19). As a group, research analysts forecast that Aduro Clean Technologies will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Aduro Clean Technologies

Large investors have recently added to or reduced their stakes in the company. Longview Financial Advisors Inc. purchased a new stake in shares of Aduro Clean Technologies in the first quarter worth $28,000. Wells Fargo & Company MN lifted 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 buying an additional 2,400 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Aduro Clean Technologies during the 2nd quarter valued at $44,000. Virtu Financial LLC bought a new position in Aduro Clean Technologies in the 4th quarter worth $112,000. Finally, Bank of America Corp DE bought a new position in Aduro Clean Technologies in the 1st quarter worth $123,000.

Aduro Clean Technologies Company Profile

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.