Aduro Clean Technologies Inc. (NASDAQ:ADUR) Receives $29.00 Consensus Price Target from Analysts

Shares of Aduro Clean Technologies Inc. (NASDAQ:ADUR) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $29.00.

A number of equities analysts have commented on ADUR shares. HC Wainwright assumed coverage on Aduro Clean Technologies in a report on Wednesday, February 4th. They set a “buy” rating and a $22.00 target price for the company. LADENBURG THALM/SH SH started coverage on Aduro Clean Technologies in a research note on Friday, November 21st. They issued a “buy” rating and a $19.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Wednesday, January 21st. D. Boral Capital reissued a “buy” rating and issued a $46.00 price objective on shares of Aduro Clean Technologies in a research note on Wednesday, February 11th. Finally, Zacks Research upgraded Aduro Clean Technologies to a “hold” rating in a report on Tuesday, November 25th.

Aduro Clean Technologies Stock Down 2.8%

ADUR stock opened at $10.91 on Friday. Aduro Clean Technologies has a 52 week low of $3.49 and a 52 week high of $17.66. The firm has a 50-day simple moving average of $12.08 and a 200-day simple moving average of $12.64. The stock has a market capitalization of $334.18 million, a P/E ratio of -23.72 and a beta of 3.70.

Aduro Clean Technologies (NASDAQ:ADUR) last issued its quarterly earnings results on Thursday, January 15th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. Aduro Clean Technologies had a negative net margin of 6,393.09% and a negative return on equity of 129.57%. The firm had revenue of $0.09 million for the quarter, compared to analyst estimates of $0.05 million.

Institutional Investors Weigh In On Aduro Clean Technologies

A number of hedge funds have recently modified their holdings of ADUR. NewEdge Advisors LLC lifted its stake in shares of Aduro Clean Technologies by 5.1% in 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 grew its stake in Aduro Clean Technologies by 800.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,700 shares of the company’s stock valued at $28,000 after acquiring an additional 2,400 shares in the last quarter. Simplex Trading LLC acquired a new stake in Aduro Clean Technologies in the 2nd quarter valued at about $40,000. Raymond James Financial Inc. acquired a new stake in Aduro Clean Technologies in the 2nd quarter valued at about $44,000. Finally, Copperleaf Capital LLC lifted its stake in Aduro Clean Technologies by 37.9% in the 3rd quarter. Copperleaf Capital LLC now owns 35,850 shares of the company’s stock worth $480,000 after purchasing an additional 9,850 shares in the last quarter.

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.