Aduro Clean Technologies Inc. (NASDAQ:ADUR) Receives $29.00 Average PT from Brokerages

Aduro Clean Technologies Inc. (NASDAQ:ADUR) has received an average rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $29.00.

A number of equities research analysts have weighed in on ADUR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Wednesday, January 21st. HC Wainwright initiated coverage on shares of Aduro Clean Technologies in a research report on Wednesday, February 4th. They set a “buy” rating and a $22.00 price objective for the company. LADENBURG THALM/SH SH started coverage on shares of Aduro Clean Technologies in a report on Friday, November 21st. They issued a “buy” rating and a $19.00 target price for the company. D. Boral Capital restated a “buy” rating and set a $46.00 price target on shares of Aduro Clean Technologies in a research note on Monday, November 24th. Finally, Zacks Research upgraded Aduro Clean Technologies to a “hold” rating in a research report on Tuesday, November 25th.

Hedge Funds Weigh In On Aduro Clean Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of ADUR. Two Sigma Investments LP purchased a new stake in Aduro Clean Technologies during the third quarter worth about $528,000. Diametric Capital LP acquired a new position in shares of Aduro Clean Technologies in the second quarter valued at approximately $345,000. Copperleaf Capital LLC acquired a new position in shares of Aduro Clean Technologies in the second quarter valued at approximately $233,000. NewEdge Advisors LLC increased its stake in Aduro Clean Technologies by 21,000.0% during the 2nd quarter. NewEdge Advisors LLC now owns 21,100 shares of the company’s stock worth $189,000 after buying an additional 21,000 shares during the period. Finally, Geode Capital Management LLC purchased a new stake in Aduro Clean Technologies during the 2nd quarter worth approximately $172,000.

Aduro Clean Technologies Stock Up 0.2%

Shares of Aduro Clean Technologies stock opened at $11.54 on Wednesday. The firm has a market cap of $353.48 million, a PE ratio of -25.09 and a beta of 3.45. Aduro Clean Technologies has a 52 week low of $3.49 and a 52 week high of $17.66. The business’s fifty day simple moving average is $12.62 and its 200-day simple moving average is $12.67.

Aduro Clean Technologies (NASDAQ:ADUR) last issued its quarterly earnings data on Thursday, January 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $0.05 million.

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.