Aduro Clean Technologies’ (ADUR) “Buy” Rating Reiterated at D. Boral Capital

Aduro Clean Technologies (NASDAQ:ADUR)‘s stock had its “buy” rating restated by stock analysts at D. Boral Capital in a report released on Wednesday,Benzinga reports. They presently have a $46.00 price target on the stock. D. Boral Capital’s price objective would indicate a potential upside of 305.29% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. HC Wainwright initiated coverage on Aduro Clean Technologies in a research report on Wednesday, February 4th. They set a “buy” rating and a $22.00 price target on the stock. Zacks Research raised shares of Aduro Clean Technologies to a “hold” rating in a research note on Tuesday, November 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Wednesday, January 21st. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Aduro Clean Technologies in a research note on Friday, November 21st. They set a “buy” rating and a $19.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $29.00.

Aduro Clean Technologies Trading Down 1.6%

Aduro Clean Technologies stock traded down $0.19 during mid-day trading on Wednesday, reaching $11.35. The company had a trading volume of 180,843 shares, compared to its average volume of 592,583. The business has a fifty day simple moving average of $12.62 and a 200 day simple moving average of $12.67. The company has a market cap of $347.66 million, a P/E ratio of -24.67 and a beta of 3.45. Aduro Clean Technologies has a fifty-two week low of $3.49 and a fifty-two week high of $17.66.

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

Hedge Funds Weigh In On Aduro Clean Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Simplex Trading LLC purchased a new position in Aduro Clean Technologies during the second quarter valued at $40,000. Raymond James Financial Inc. acquired a new stake in Aduro Clean Technologies in the 2nd quarter worth about $44,000. Copperleaf Capital LLC raised its holdings in shares of Aduro Clean Technologies by 37.9% during the third quarter. Copperleaf Capital LLC now owns 35,850 shares of the company’s stock valued at $480,000 after acquiring an additional 9,850 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Aduro Clean Technologies by 50.4% during the third quarter. NewEdge Advisors LLC now owns 31,740 shares of the company’s stock valued at $425,000 after acquiring an additional 10,640 shares during the last quarter. Finally, Perigon Wealth Management LLC acquired a new stake in shares of Aduro Clean Technologies in the fourth quarter worth approximately $125,000.

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.