Aduro Clean Technologies (NASDAQ:ADUR) Rating Lowered to “Strong Sell” at Wall Street Zen

Aduro Clean Technologies (NASDAQ:ADUR) was downgraded by stock analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Saturday, Wall Street Zen reports.

A number of other research analysts also recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Friday, July 17th. Roth Capital initiated coverage on shares of Aduro Clean Technologies in a report on Monday, July 27th. They set a “buy” rating and a $30.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.25.

Aduro Clean Technologies Price Performance

Shares of ADUR stock opened at $13.58 on Friday. The company has a market cap of $479.51 million, a P/E ratio of -21.90 and a beta of 3.22. The business has a 50 day moving average of $14.85 and a two-hundred day moving average of $13.41. Aduro Clean Technologies has a 52 week low of $9.00 and a 52 week high of $18.19.

Aduro Clean Technologies (NASDAQ:ADUR) last announced its quarterly earnings results 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 expect that Aduro Clean Technologies will post -0.33 EPS for the current fiscal year.

Institutional Trading of Aduro Clean Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its holdings in Aduro Clean Technologies by 5.1% during the fourth quarter. NewEdge Advisors LLC now owns 33,344 shares of the company’s stock worth $345,000 after buying an additional 1,604 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Aduro Clean Technologies by 800.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,700 shares of the company’s stock valued at $28,000 after buying an additional 2,400 shares in the last quarter. Longview Financial Advisors Inc. acquired a new stake in shares of Aduro Clean Technologies during the 1st quarter valued at $28,000. Raymond James Financial Inc. acquired a new stake in shares of Aduro Clean Technologies during the 2nd quarter valued at $44,000. Finally, Virtu Financial LLC bought a new stake in shares of Aduro Clean Technologies during the 4th quarter worth $112,000.

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.