Aduro Clean Technologies (NASDAQ:ADUR) Downgraded by Wall Street Zen to "Strong Sell"

Key Points

• Wall Street Zen downgraded Aduro Clean Technologies to “Strong Sell” from “Sell,” although broader analyst sentiment remains “Moderate Buy” with an average price target of $29.25.
• Aduro shares opened at $13.58, down 2.2%, with a market capitalization of about $479.5 million and a 52-week range of $9.00 to $18.19.
• The company reported a quarterly loss of $0.27 per share, missing the $0.08 loss analysts expected; analysts forecast a full-year loss of approximately $0.33 per share.

Aduro Clean Technologies (NASDAQ:ADUR - Get Free Report) was downgraded by Wall Street Zen from a "sell" rating to a "strong sell" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts also recently issued research reports about the company. Roth Capital began coverage on Aduro Clean Technologies in a research note on Monday, July 27th. They issued a "buy" rating and a $30.00 target price for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Aduro Clean Technologies in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $29.25.

Aduro Clean Technologies Stock Down 2.2%

Shares of NASDAQ:ADUR opened at $13.58 on Friday. The company has a 50-day moving average price of $14.85 and a two-hundred day moving average price of $13.40. The firm has a market capitalization of $479.51 million, a PE ratio of -21.90 and a beta of 3.22. Aduro Clean Technologies has a twelve month low of $9.00 and a twelve month high of $18.19.

Aduro Clean Technologies (NASDAQ:ADUR - Get Free Report) last released its quarterly earnings data on Monday, August 31st. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.19). Analysts anticipate that Aduro Clean Technologies will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aduro Clean Technologies

Hedge funds have recently bought and sold shares of the stock. Longview Financial Advisors Inc. bought a new position in shares of Aduro Clean Technologies in the 1st quarter worth $28,000. Wells Fargo & Company MN lifted its holdings in shares of Aduro Clean Technologies by 800.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,700 shares of the company's stock worth $28,000 after acquiring an additional 2,400 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Aduro Clean Technologies during the 2nd quarter worth $44,000. Virtu Financial LLC bought a new stake in shares of Aduro Clean Technologies during the 4th quarter worth $112,000. Finally, Bank of America Corp DE purchased a new position in Aduro Clean Technologies in the first quarter worth $123,000.

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.

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