Aduro Clean Technologies (NASDAQ:ADUR) Shares Gap Up – Still a Buy?

Aduro Clean Technologies Inc. (NASDAQ:ADUR)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $14.40, but opened at $15.99. Aduro Clean Technologies shares last traded at $17.40, with a volume of 436,596 shares trading hands.

Wall Street Analysts Forecast Growth

ADUR has been the topic of several analyst reports. Wall Street Zen upgraded Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a report on Sunday, May 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Monday, April 20th. D. Boral Capital reiterated a “buy” rating and set a $46.00 target price on shares of Aduro Clean Technologies in a report on Friday, April 10th. Finally, LADENBURG THALM/SH SH upgraded Aduro Clean Technologies to a “strong-buy” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aduro Clean Technologies currently has an average rating of “Moderate Buy” and an average price target of $29.00.

Aduro Clean Technologies Price Performance

The stock has a market capitalization of $523.01 million, a P/E ratio of -35.14 and a beta of 3.15. The company has a fifty day moving average of $13.13 and a two-hundred day moving average of $12.39.

Institutional Trading of Aduro Clean Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of ADUR. Empery Asset Management LP bought a new stake in Aduro Clean Technologies in the fourth quarter valued at about $5,916,000. Two Sigma Investments LP bought a new stake in Aduro Clean Technologies in the third quarter valued at about $528,000. NewEdge Advisors LLC increased its holdings in 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 buying an additional 21,000 shares during the last quarter. Geode Capital Management LLC bought a new stake in Aduro Clean Technologies in the second quarter valued at about $172,000. Finally, Engineers Gate Manager LP bought a new stake in Aduro Clean Technologies in the fourth 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.