Aduro Clean Technologies (NASDAQ:ADUR) Upgraded at Roth Capital

Aduro Clean Technologies (NASDAQ:ADUR) was upgraded by research analysts at Roth Capital to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other research firms also recently weighed in on ADUR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Friday, July 17th. D. Boral Capital reiterated a “buy” rating and issued a $46.00 price objective on shares of Aduro Clean Technologies in a report on Friday, April 10th. 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. Finally, LADENBURG THALM/SH SH upgraded shares of Aduro Clean Technologies to a “strong-buy” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.25.

Aduro Clean Technologies Stock Performance

Shares of Aduro Clean Technologies stock opened at $13.43 on Monday. The business’s 50 day simple moving average is $14.98 and its 200 day simple moving average is $13.00. Aduro Clean Technologies has a 52-week low of $9.00 and a 52-week high of $18.19. The firm has a market cap of $474.21 million, a PE ratio of -30.52 and a beta of 3.20.

Institutional Investors Weigh In On Aduro Clean Technologies

Several hedge funds have recently bought and sold shares of ADUR. Empery Asset Management LP bought a new position in Aduro Clean Technologies during the fourth quarter worth about $5,916,000. UBS Group AG lifted its position in shares of Aduro Clean Technologies by 20.9% in the third quarter. UBS Group AG now owns 70,594 shares of the company’s stock valued at $946,000 after buying an additional 12,202 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Aduro Clean Technologies during the 3rd quarter worth approximately $528,000. DGS Capital Management LLC boosted its stake in shares of Aduro Clean Technologies by 67.4% during the 4th quarter. DGS Capital Management LLC now owns 37,966 shares of the company’s stock worth $393,000 after acquiring an additional 15,285 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of Aduro Clean Technologies by 5.1% during the 4th quarter. NewEdge Advisors LLC now owns 33,344 shares of the company’s stock worth $345,000 after acquiring an additional 1,604 shares during the last quarter.

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.