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

Aduro Clean Technologies (NASDAQ:ADUR) was upgraded by research analysts at HC Wainwright to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. LADENBURG THALM/SH SH initiated coverage on shares of Aduro Clean Technologies in a research report on Friday, November 21st. They issued a “buy” rating and a $19.00 price objective on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Wednesday, January 21st. D. Boral Capital restated a “buy” rating and set a $46.00 price objective on shares of Aduro Clean Technologies in a research report on Monday, November 24th. Finally, Zacks Research upgraded Aduro Clean Technologies to a “hold” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Aduro Clean Technologies currently has a consensus rating of “Moderate Buy” and an average target price 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 business has a 50 day moving average of $12.72 and a 200-day moving average of $12.66. The stock has a market cap of $352.87 million, a price-to-earnings 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 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 business had revenue of $0.09 million for the quarter, compared to analyst estimates of $0.05 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ADUR. Simplex Trading LLC acquired a new stake in shares of Aduro Clean Technologies in the second quarter valued at approximately $40,000. Raymond James Financial Inc. bought a new position in Aduro Clean Technologies during the 2nd quarter worth $44,000. Copperleaf Capital LLC raised its holdings in Aduro Clean Technologies by 37.9% in the 3rd quarter. Copperleaf Capital LLC now owns 35,850 shares of the company’s stock valued at $480,000 after acquiring an additional 9,850 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Aduro Clean Technologies by 50.4% in the 3rd quarter. NewEdge Advisors LLC now owns 31,740 shares of the company’s stock valued at $425,000 after acquiring an additional 10,640 shares in the last quarter. Finally, Perigon Wealth Management LLC bought a new stake in shares of Aduro Clean Technologies during the 4th quarter valued at $125,000.

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.