Aduro Clean Technologies (NASDAQ:ADUR) Issues Earnings Results, Misses Expectations By $0.18 EPS

Key Points

• Aduro Clean Technologies reported a quarterly loss of $0.27 per share, missing the consensus estimate of a $0.09 loss by $0.18. The company also posted a negative 85.29% return on equity and a negative 6,393.09% net margin.
• Shares fell $0.35 to $13.82 following the earnings release. The stock has traded between $9.00 and $18.19 over the past year and carries a high beta of 3.27.
• Analyst opinions remain mixed, but the stock has a consensus “Moderate Buy” rating with an average price target of $29.25, well above its reported trading price.

Aduro Clean Technologies (NASDAQ:ADUR - Get Free Report) announced its quarterly earnings data on Monday. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.18), Zacks reports. Aduro Clean Technologies had a negative return on equity of 85.29% and a negative net margin of 6,393.09%.

Aduro Clean Technologies Price Performance

Shares of NASDAQ:ADUR traded down $0.35 on Monday, hitting $13.82. The company's stock had a trading volume of 557,871 shares, compared to its average volume of 451,131. The company has a market capitalization of $487.98 million, a PE ratio of -31.41 and a beta of 3.27. The company has a 50-day simple moving average of $14.94 and a 200 day simple moving average of $13.32. Aduro Clean Technologies has a 1 year low of $9.00 and a 1 year high of $18.19.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC bought a new stake in Aduro Clean Technologies during the second quarter valued at approximately $172,000. NewEdge Advisors LLC increased its holdings in shares of Aduro Clean Technologies by 21,000.0% in the 2nd quarter. NewEdge Advisors LLC now owns 21,100 shares of the company's stock worth $189,000 after buying an additional 21,000 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Aduro Clean Technologies in the 2nd quarter worth $44,000. UBS Group AG raised its position in shares of Aduro Clean Technologies by 20.9% during the 3rd quarter. UBS Group AG now owns 70,594 shares of the company's stock valued at $946,000 after buying an additional 12,202 shares in the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Aduro Clean Technologies during the 3rd quarter worth $528,000.

Analyst Ratings Changes

Several equities analysts have weighed in on ADUR shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Aduro Clean Technologies in a report on Friday, July 17th. Roth Capital initiated 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 objective for the company. 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. 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 analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $29.25.

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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