Aduro Clean Technologies (NASDAQ:ADUR) Rating Increased to Strong-Buy at HC Wainwright

HC Wainwright upgraded shares of Aduro Clean Technologies (NASDAQ:ADUR) to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

Several other equities analysts have also issued reports on ADUR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Aduro Clean Technologies to a “hold” rating in a report on Tuesday, November 25th. 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 on the stock. Finally, D. Boral Capital reaffirmed a “buy” rating and issued a $46.00 target price on shares of Aduro Clean Technologies in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Aduro Clean Technologies has an average rating of “Moderate Buy” and a consensus price target of $29.00.

Aduro Clean Technologies Stock Down 4.7%

ADUR opened at $11.52 on Wednesday. Aduro Clean Technologies has a 12 month low of $3.49 and a 12 month high of $17.66. The company has a fifty day simple moving average of $12.72 and a 200 day simple moving average of $12.66. The stock has a market cap of $352.87 million, a P/E ratio of -25.04 and a beta of 3.46.

Aduro Clean Technologies (NASDAQ:ADUR) last posted its earnings results on Thursday, January 15th. The company reported ($0.15) earnings per share for the quarter, topping 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 firm had revenue of $0.09 million for the quarter, compared to analyst estimates of $0.05 million.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP acquired a new position in shares of Aduro Clean Technologies during the 3rd quarter worth about $528,000. Diametric Capital LP bought a new stake in Aduro Clean Technologies during the second quarter worth about $345,000. Copperleaf Capital LLC bought a new stake in Aduro Clean Technologies during the second quarter worth about $233,000. NewEdge Advisors LLC boosted its position in Aduro Clean Technologies by 21,000.0% during the second quarter. NewEdge Advisors LLC now owns 21,100 shares of the company’s stock valued at $189,000 after purchasing an additional 21,000 shares during the last quarter. Finally, Geode Capital Management LLC bought a new position in Aduro Clean Technologies in the second quarter valued at approximately $172,000.

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.