Aduro Clean Technologies (NASDAQ:ADUR) Releases Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Aduro Clean Technologies (NASDAQ:ADUR) posted its quarterly earnings data on Monday. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.19), Zacks reports. The firm had revenue of $0.09 million during the quarter, compared to analyst estimates of $0.06 million.

Aduro Clean Technologies Trading Down 3.5%

Aduro Clean Technologies stock opened at $13.34 on Wednesday. Aduro Clean Technologies has a twelve month low of $9.00 and a twelve month high of $18.19. The stock has a 50 day moving average of $14.90 and a two-hundred day moving average of $13.35. The stock has a market capitalization of $471.04 million, a price-to-earnings ratio of -21.52 and a beta of 3.22.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its holdings in shares of Aduro Clean Technologies by 800.0% during 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 during the period. Raymond James Financial Inc. purchased a new position in Aduro Clean Technologies in the 2nd quarter valued at $44,000. Virtu Financial LLC acquired a new position in Aduro Clean Technologies in the 4th quarter valued at $112,000. Engineers Gate Manager LP acquired a new position in Aduro Clean Technologies in the 4th quarter valued at $159,000. Finally, Boothbay Fund Management LLC acquired a new position in Aduro Clean Technologies in the 3rd quarter valued at $164,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on ADUR shares. Wall Street Zen raised shares of Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a report on Sunday, May 31st. Roth Capital assumed coverage on shares of Aduro Clean Technologies in a research note on Monday, July 27th. They set a “buy” rating and a $30.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Friday, July 17th. Finally, LADENBURG THALM/SH SH upgraded shares of Aduro Clean Technologies to a “strong-buy” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.25.

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.