Brokerages Set Aduro Clean Technologies Inc. (NASDAQ:ADUR) PT at $29.00

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

ADUR has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Monday, April 20th. LADENBURG THALM/SH SH raised Aduro Clean Technologies to a “strong-buy” rating in a research report on Wednesday, May 6th. D. Boral Capital reaffirmed a “buy” rating and set a $46.00 price objective on shares of Aduro Clean Technologies in a report on Friday, April 10th. Finally, HC Wainwright assumed coverage on Aduro Clean Technologies in a report on Wednesday, February 4th. They set a “buy” rating and a $22.00 price objective on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ADUR. Geode Capital Management LLC acquired a new stake in Aduro Clean Technologies during the 2nd quarter worth $172,000. NewEdge Advisors LLC grew its position 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 purchasing an additional 21,000 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Aduro Clean Technologies in the 2nd quarter valued at approximately $44,000. Copperleaf Capital LLC increased its holdings in Aduro Clean Technologies by 37.9% during 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. Finally, UBS Group AG increased its holdings in Aduro Clean Technologies by 20.9% during the 3rd quarter. UBS Group AG now owns 70,594 shares of the company’s stock worth $946,000 after purchasing an additional 12,202 shares in the last quarter.

Aduro Clean Technologies Price Performance

Aduro Clean Technologies stock opened at $13.76 on Friday. The company has a market capitalization of $421.47 million, a price-to-earnings ratio of -31.27 and a beta of 3.15. Aduro Clean Technologies has a one year low of $6.67 and a one year high of $17.66. The company’s fifty day moving average price is $11.65 and its two-hundred day moving average price is $12.00.

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.