Aduro Clean Technologies Inc. (NASDAQ:ADUR) Receives $29.25 Average Price Target from Brokerages

Shares of Aduro Clean Technologies Inc. (NASDAQ:ADUR) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $29.25.

A number of equities research analysts have recently weighed in on ADUR shares. LADENBURG THALM/SH SH upgraded Aduro Clean Technologies to a “strong-buy” rating in a report on Wednesday, May 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Friday, July 17th. 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. D. Boral Capital reiterated a “buy” rating and set a $46.00 target price on shares of Aduro Clean Technologies in a research note on Friday, April 10th. Finally, Roth Capital started coverage on shares of Aduro Clean Technologies in a report on Monday, July 27th. They set a “buy” rating and a $30.00 target price on the stock.

Aduro Clean Technologies Stock Up 2.5%

Shares of NASDAQ ADUR opened at $15.35 on Wednesday. The stock’s 50 day moving average price is $14.91 and its two-hundred day moving average price is $13.03. Aduro Clean Technologies has a 52-week low of $9.00 and a 52-week high of $18.19. The stock has a market capitalization of $541.98 million, a P/E ratio of -34.88 and a beta of 3.27.

Institutional Investors Weigh In On Aduro Clean Technologies

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