Aduro Clean Technologies (NASDAQ:ADUR) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Aduro Clean Technologies (NASDAQ:ADUR) announced its quarterly earnings results on Wednesday. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.01, Zacks reports. Aduro Clean Technologies had a negative return on equity of 133.33% and a negative net margin of 7,329.94%.

Aduro Clean Technologies Trading Up 11.1%

Aduro Clean Technologies stock traded up $1.46 during trading hours on Wednesday, reaching $14.59. 970,060 shares of the company were exchanged, compared to its average volume of 770,258. The stock has a 50-day moving average of $12.03 and a 200 day moving average of $12.30. The firm has a market cap of $446.91 million, a price-to-earnings ratio of -37.41 and a beta of 3.41. Aduro Clean Technologies has a 12 month low of $3.49 and a 12 month high of $17.66.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ADUR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Wednesday, October 8th. D. Boral Capital restated a “buy” rating and issued a $46.00 target price on shares of Aduro Clean Technologies in a research report on Monday, November 24th. Zacks Research raised Aduro Clean Technologies to a “hold” rating in a research note on Tuesday, November 25th. Finally, LADENBURG THALM/SH SH started 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 target on the stock. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Aduro Clean Technologies currently has an average rating of “Hold” and an average target price of $32.50.

Institutional Investors Weigh In On Aduro Clean Technologies

Several hedge funds have recently modified their holdings of the business. Geode Capital Management LLC acquired a new stake in Aduro Clean Technologies in the 2nd quarter valued at about $172,000. NewEdge Advisors LLC increased its holdings in shares of Aduro Clean Technologies by 21,000.0% in the second quarter. NewEdge Advisors LLC now owns 21,100 shares of the company’s stock valued at $189,000 after purchasing an additional 21,000 shares in the last quarter. Raymond James Financial Inc. bought a new position in Aduro Clean Technologies in the 2nd quarter worth approximately $44,000. UBS Group AG lifted its holdings in Aduro Clean Technologies by 20.9% during the 3rd quarter. UBS Group AG now owns 70,594 shares of the company’s stock worth $946,000 after buying an additional 12,202 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in Aduro Clean Technologies during the 3rd quarter worth $528,000.

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.