Aduro Clean Technologies Inc. (NASDAQ:ADUR) Given Average Recommendation of “Moderate Buy” by Brokerages

Aduro Clean Technologies Inc. (NASDAQ:ADUR) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $29.25.

Several analysts have issued reports on ADUR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Friday, July 17th. Roth Capital started coverage on shares of Aduro Clean Technologies in a research report on Monday, July 27th. They set a “buy” rating and a $30.00 price objective for the company. LADENBURG THALM/SH SH upgraded shares of Aduro Clean Technologies to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen upgraded Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 31st.

Aduro Clean Technologies Trading Up 1.2%

Shares of ADUR stock opened at $16.04 on Friday. The firm has a market capitalization of $566.42 million, a P/E ratio of -36.45 and a beta of 3.27. Aduro Clean Technologies has a 1 year low of $9.00 and a 1 year high of $18.19. The firm’s fifty day simple moving average is $14.92 and its 200 day simple moving average is $13.19.

Institutional Trading of Aduro Clean Technologies

Institutional investors have recently modified their holdings of the company. Longview Financial Advisors Inc. bought a new stake in shares of Aduro Clean Technologies during the first quarter valued at approximately $28,000. Wells Fargo & Company MN lifted its position 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 period. Raymond James Financial Inc. bought a new position in Aduro Clean Technologies in the second quarter worth $44,000. Virtu Financial LLC bought a new position in Aduro Clean Technologies in the fourth quarter worth $112,000. Finally, Bank of America Corp DE acquired a new stake in 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.