Aduro Clean Technologies Inc. (NASDAQ:ADUR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Aduro Clean Technologies Inc. (NASDAQ:ADUR) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $29.00.

A number of research firms recently commented on ADUR. LADENBURG THALM/SH SH raised shares of Aduro Clean Technologies to a “strong-buy” rating in a report on Wednesday, May 6th. Wall Street Zen raised Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a report on Sunday, May 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Monday, April 20th. Finally, D. Boral Capital restated a “buy” rating and issued a $46.00 target price on shares of Aduro Clean Technologies in a research note on Friday, April 10th.

Aduro Clean Technologies Price Performance

Aduro Clean Technologies stock opened at $15.68 on Friday. Aduro Clean Technologies has a twelve month low of $8.68 and a twelve month high of $18.19. The firm has a 50 day moving average price of $14.54 and a 200-day moving average price of $12.65. The company has a market capitalization of $553.35 million, a P/E ratio of -35.64 and a beta of 3.20.

Institutional Investors Weigh In On Aduro Clean Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in Aduro Clean Technologies by 5.1% during the fourth quarter. NewEdge Advisors LLC now owns 33,344 shares of the company’s stock valued at $345,000 after purchasing an additional 1,604 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Aduro Clean Technologies by 800.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,700 shares of the company’s stock worth $28,000 after purchasing an additional 2,400 shares in the last quarter. Longview Financial Advisors Inc. purchased a new position in shares of Aduro Clean Technologies in the first quarter worth about $28,000. Raymond James Financial Inc. bought a new stake in shares of Aduro Clean Technologies in the second quarter valued at approximately $44,000. Finally, Virtu Financial LLC purchased a new stake in shares of Aduro Clean Technologies during the 4th quarter valued at approximately $112,000.

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.