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

Aduro Clean Technologies Inc. (NASDAQ:ADUR) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $29.25.

ADUR has been the subject of several recent research reports. Wall Street Zen raised Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 31st. D. Boral Capital reaffirmed a “buy” rating and set a $46.00 price objective on shares of Aduro Clean Technologies in a research report on Friday, April 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Friday, July 17th. LADENBURG THALM/SH SH upgraded shares of Aduro Clean Technologies to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Roth Capital began coverage on shares of Aduro Clean Technologies in a report on Monday. They issued a “buy” rating and a $30.00 target price for the company.

Aduro Clean Technologies Trading Down 3.3%

Shares of NASDAQ ADUR opened at $12.99 on Wednesday. The stock has a market capitalization of $458.68 million, a PE ratio of -29.52 and a beta of 3.20. The stock’s fifty day simple moving average is $14.96 and its two-hundred day simple moving average is $13.00. Aduro Clean Technologies has a 12-month low of $9.00 and a 12-month high of $18.19.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Longview Financial Advisors Inc. purchased a new stake in Aduro Clean Technologies during the first quarter valued at approximately $28,000. Wells Fargo & Company MN grew its holdings in Aduro Clean Technologies by 800.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,700 shares of the company’s stock worth $28,000 after purchasing an additional 2,400 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Aduro Clean Technologies in the second quarter worth $44,000. Virtu Financial LLC acquired a new position in shares of Aduro Clean Technologies during the fourth quarter worth $112,000. Finally, Bank of America Corp DE acquired a new position in shares of Aduro Clean Technologies during 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.