Aduro Clean Technologies Inc. (NASDAQ:ADUR) Receives Average Recommendation of “Moderate Buy” from Analysts

Aduro Clean Technologies Inc. (NASDAQ:ADUR) has earned an average recommendation of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $29.00.

ADUR has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Monday, April 20th. D. Boral Capital reissued a “buy” rating and issued a $46.00 price target on shares of Aduro Clean Technologies in a research note on Friday, April 10th. LADENBURG THALM/SH SH raised Aduro Clean Technologies to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, HC Wainwright started coverage on Aduro Clean Technologies in a research note on Wednesday, February 4th. They issued a “buy” rating and a $22.00 price target on the stock.

Aduro Clean Technologies Price Performance

ADUR opened at $14.27 on Friday. The business’s 50-day moving average price is $11.49 and its two-hundred day moving average price is $12.01. Aduro Clean Technologies has a 1 year low of $5.88 and a 1 year high of $17.66. The company has a market capitalization of $437.09 million, a price-to-earnings ratio of -32.43 and a beta of 3.15.

Institutional Trading of Aduro Clean Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ADUR. Geode Capital Management LLC acquired a new stake in shares of Aduro Clean Technologies in the second quarter valued at approximately $172,000. NewEdge Advisors LLC raised its holdings in shares of Aduro Clean Technologies by 21,000.0% in the second quarter. NewEdge Advisors LLC now owns 21,100 shares of the company’s stock valued at $189,000 after purchasing an additional 21,000 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Aduro Clean Technologies in the second quarter valued at approximately $44,000. Copperleaf Capital LLC raised its holdings in shares of Aduro Clean Technologies by 37.9% in the third quarter. Copperleaf Capital LLC now owns 35,850 shares of the company’s stock valued at $480,000 after purchasing an additional 9,850 shares during the last quarter. Finally, UBS Group AG increased its position in shares of 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 last quarter.

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.