Aduro Clean Technologies Inc. (NASDAQ:ADUR) Receives $29.00 Average Price Target from Analysts

Shares of Aduro Clean Technologies Inc. (NASDAQ:ADUR) have been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $29.00.

ADUR has been the subject of several analyst reports. D. Boral Capital reissued a “buy” rating and set a $46.00 price target on shares of Aduro Clean Technologies in a research report on Friday, April 10th. 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 target for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Monday.

Aduro Clean Technologies Price Performance

NASDAQ:ADUR opened at $11.95 on Monday. Aduro Clean Technologies has a 1-year low of $4.26 and a 1-year high of $17.66. The company has a 50-day moving average of $10.95 and a 200 day moving average of $12.25. The firm has a market cap of $366.03 million, a PE ratio of -27.16 and a beta of 3.24.

Institutional Trading of Aduro Clean Technologies

Several hedge funds have recently modified their holdings of ADUR. Geode Capital Management LLC purchased a new stake in shares of Aduro Clean Technologies during the second quarter valued at about $172,000. NewEdge Advisors LLC lifted its position in shares of 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 buying an additional 21,000 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Aduro Clean Technologies during the second quarter valued at about $44,000. Copperleaf Capital LLC lifted its position in shares of Aduro Clean Technologies by 37.9% during the third quarter. Copperleaf Capital LLC now owns 35,850 shares of the company’s stock valued at $480,000 after buying an additional 9,850 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of Aduro Clean Technologies by 20.9% during the third quarter. UBS Group AG now owns 70,594 shares of the company’s stock valued at $946,000 after buying an additional 12,202 shares during the last quarter.

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.