Aduro Clean Technologies (NASDAQ:ADUR) Shares Gap Up – Here’s What Happened

Aduro Clean Technologies Inc. (NASDAQ:ADUR)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $14.40, but opened at $15.99. Aduro Clean Technologies shares last traded at $17.40, with a volume of 436,596 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Monday, April 20th. D. Boral Capital reiterated a “buy” rating and set a $46.00 price objective on shares of Aduro Clean Technologies in a report on Friday, April 10th. Wall Street Zen upgraded Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a report on Sunday, May 31st. Finally, LADENBURG THALM/SH SH upgraded Aduro Clean Technologies to a “strong-buy” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Aduro Clean Technologies presently has an average rating of “Moderate Buy” and an average target price of $29.00.

Aduro Clean Technologies Trading Up 11.3%

The stock has a market cap of $542.19 million, a P/E ratio of -36.20 and a beta of 3.15. The company has a 50 day simple moving average of $12.86 and a 200 day simple moving average of $12.31.

Institutional Investors Weigh In On Aduro Clean Technologies

Several institutional investors have recently bought and sold shares of ADUR. Empery Asset Management LP bought a new stake in Aduro Clean Technologies in the 4th quarter valued at approximately $5,916,000. Two Sigma Investments LP acquired a new position in shares of Aduro Clean Technologies during the 3rd quarter worth approximately $528,000. NewEdge Advisors LLC increased its position 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 during the last quarter. Geode Capital Management LLC acquired a new position in shares of Aduro Clean Technologies during the 2nd quarter worth approximately $172,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Aduro Clean Technologies during the 4th quarter worth approximately $159,000.

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.