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

Aduro Clean Technologies Inc. (NASDAQ:ADUR) has been given an average recommendation of “Moderate Buy” by the five research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $29.00.

A number of research firms have recently weighed in on ADUR. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Monday, April 20th. Wall Street Zen raised shares of Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 31st. D. Boral Capital restated a “buy” rating and issued a $46.00 target price on shares of Aduro Clean Technologies in a research note on Friday, April 10th. Finally, LADENBURG THALM/SH SH raised shares of Aduro Clean Technologies to a “strong-buy” rating in a research report on Wednesday, May 6th.

Aduro Clean Technologies Stock Up 1.8%

ADUR stock opened at $15.62 on Friday. The stock’s 50 day moving average is $14.75 and its two-hundred day moving average is $12.71. Aduro Clean Technologies has a 52-week low of $9.00 and a 52-week high of $18.19. The company has a market capitalization of $551.23 million, a PE ratio of -35.50 and a beta of 3.20.

Institutional Investors Weigh In On Aduro Clean Technologies

Several institutional investors and hedge funds have recently made changes to their positions in ADUR. Empery Asset Management LP acquired a new stake in shares of Aduro Clean Technologies during the fourth quarter worth $5,916,000. Two Sigma Investments LP bought a new position in shares of Aduro Clean Technologies in the 3rd quarter worth about $528,000. NewEdge Advisors LLC boosted 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 valued at $189,000 after buying an additional 21,000 shares during the period. Geode Capital Management LLC acquired a new position in shares of Aduro Clean Technologies in the 2nd quarter valued at about $172,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Aduro Clean Technologies during the 4th quarter valued at about $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.