Aduro Clean Technologies’ (ADUR) Buy Rating Reiterated at D. Boral Capital

D. Boral Capital reissued their buy rating on shares of Aduro Clean Technologies (NASDAQ:ADUR) in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a $46.00 price target on the stock.

A number of other analysts have also recently weighed in on ADUR. LADENBURG THALM/SH SH started coverage on shares of Aduro Clean Technologies in a research note on Friday, November 21st. They issued a “buy” rating and a $19.00 price objective for the company. Zacks Research upgraded shares of Aduro Clean Technologies to a “hold” rating in a report on Tuesday, November 25th. 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 target price for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.00.

Aduro Clean Technologies Price Performance

Shares of ADUR opened at $11.55 on Monday. The business’s 50-day moving average is $12.12 and its 200-day moving average is $12.65. The company has a market capitalization of $353.78 million, a price-to-earnings ratio of -25.11 and a beta of 3.70. Aduro Clean Technologies has a fifty-two week low of $3.49 and a fifty-two week high of $17.66.

Aduro Clean Technologies (NASDAQ:ADUR) last announced its quarterly earnings data on Thursday, January 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.01. The business had revenue of $0.09 million during the quarter, compared to analyst estimates of $0.05 million. Aduro Clean Technologies had a negative return on equity of 129.57% and a negative net margin of 6,393.09%.

Hedge Funds Weigh In On Aduro Clean Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its position 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 worth $28,000 after buying an additional 2,400 shares during the period. Simplex Trading LLC acquired a new position in Aduro Clean Technologies during the second quarter worth $40,000. Raymond James Financial Inc. acquired a new position in Aduro Clean Technologies during the second quarter worth $44,000. Virtu Financial LLC bought a new position in shares of Aduro Clean Technologies during the fourth quarter valued at $112,000. Finally, Perigon Wealth Management LLC bought a new position in shares of Aduro Clean Technologies during the fourth quarter valued at $125,000.

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.