Aduro Clean Technologies Inc. (NASDAQ:ADUR) Given Average Recommendation of “Moderate Buy” by Brokerages

Aduro Clean Technologies Inc. (NASDAQ:ADUR) has been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $29.00.

Several research analysts have weighed in on the company. D. Boral Capital reiterated a “buy” rating and set a $46.00 price objective on shares of Aduro Clean Technologies in a research report on Friday, April 10th. Wall Street Zen upgraded Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Monday, April 20th. Finally, LADENBURG THALM/SH SH upgraded Aduro Clean Technologies to a “strong-buy” rating in a research report on Wednesday, May 6th.

Aduro Clean Technologies Price Performance

ADUR stock opened at $14.81 on Tuesday. The stock has a market capitalization of $501.02 million, a price-to-earnings ratio of -33.66 and a beta of 3.15. The business’s fifty day moving average price is $13.39 and its two-hundred day moving average price is $12.45. Aduro Clean Technologies has a fifty-two week low of $8.11 and a fifty-two week high of $18.19.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ADUR. Empery Asset Management LP bought a new position in Aduro Clean Technologies during the 4th quarter worth $5,916,000. Two Sigma Investments LP acquired a new stake in shares of Aduro Clean Technologies during the 3rd quarter worth $528,000. NewEdge Advisors LLC grew its holdings in shares of 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 purchasing an additional 21,000 shares in the last quarter. Geode Capital Management LLC acquired a new stake in shares of Aduro Clean Technologies during the 2nd quarter worth $172,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Aduro Clean Technologies during the 4th quarter worth $159,000.

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.