Aduro Clean Technologies Inc. (NASDAQ:ADUR) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Aduro Clean Technologies has a “Moderate Buy” consensus rating from six analysts, comprising three buys, one strong buy, one hold and one sell. The average 12-month price target is $29.25, compared with a recent share price of $16.04.
• Recent analyst actions were mixed: Roth Capital initiated coverage with a buy rating and a $30 target, while Weiss Ratings maintained a sell rating; Ladenburg Thalmann upgraded the stock to strong buy.
• ADUR shares have traded between $9.00 and $18.19 over the past year, and several institutional investors—including Empery Asset Management and Two Sigma Investments—recently established or increased positions.

Shares of Aduro Clean Technologies Inc. (NASDAQ:ADUR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $29.25.

Several research firms recently weighed in on ADUR. Weiss Ratings restated a "sell (d-)" rating on shares of Aduro Clean Technologies in a report on Friday, July 17th. Wall Street Zen upgraded Aduro Clean Technologies from a "strong sell" rating to a "sell" rating in a report on Sunday, May 31st. Roth Capital began coverage on shares of Aduro Clean Technologies in a research report on Monday, July 27th. They issued a "buy" rating and a $30.00 price target on the stock. Finally, LADENBURG THALM/SH SH upgraded shares of Aduro Clean Technologies to a "strong-buy" rating in a research note on Wednesday, May 6th.

Aduro Clean Technologies Stock Performance

ADUR opened at $16.04 on Friday. The company has a market cap of $566.42 million, a PE ratio of -36.45 and a beta of 3.27. The stock has a 50-day moving average of $14.92 and a 200-day moving average of $13.19. Aduro Clean Technologies has a 52-week low of $9.00 and a 52-week high of $18.19.

Institutional Inflows and Outflows

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

Aduro Clean Technologies Company Profile

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.

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