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

Shares of Aduro Clean Technologies Inc. (NASDAQ:ADUR) have earned an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $29.00.

Several equities analysts have recently weighed in on ADUR shares. Wall Street Zen upgraded Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a report on Sunday, May 31st. LADENBURG THALM/SH SH upgraded Aduro Clean Technologies to a “strong-buy” rating in a report on Wednesday, May 6th. 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Monday, April 20th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds 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. Perigon Wealth Management LLC acquired a new position in Aduro Clean Technologies in the fourth quarter valued at about $125,000. NewEdge Advisors LLC lifted its holdings in shares of Aduro Clean Technologies by 5.1% during the 4th quarter. NewEdge Advisors LLC now owns 33,344 shares of the company’s stock worth $345,000 after acquiring an additional 1,604 shares during the period. Geode Capital Management LLC bought a new stake in Aduro Clean Technologies during the second quarter worth $172,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Aduro Clean Technologies during the 3rd quarter worth $164,000.

Aduro Clean Technologies Trading Down 0.1%

Shares of NASDAQ ADUR traded down $0.02 during midday trading on Friday, reaching $16.12. The company’s stock had a trading volume of 386,405 shares, compared to its average volume of 473,035. Aduro Clean Technologies has a fifty-two week low of $9.00 and a fifty-two week high of $18.19. The stock has a 50 day simple moving average of $14.92 and a 200-day simple moving average of $12.77. The stock has a market capitalization of $569.20 million, a price-to-earnings ratio of -36.64 and a beta of 3.20.

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.