Aduro Clean Technologies (NASDAQ:ADUR) Upgraded to Strong-Buy at Roth Capital

Roth Capital upgraded shares of Aduro Clean Technologies (NASDAQ:ADURFree Report) to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

ADUR has been the subject of several other reports. Wall Street Zen upgraded Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a report on Sunday, May 31st. D. Boral Capital reaffirmed a “buy” rating and set a $46.00 price objective on shares of Aduro Clean Technologies in a research report on Friday, April 10th. LADENBURG THALM/SH SH raised shares of Aduro Clean Technologies to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Aduro Clean Technologies has a consensus rating of “Moderate Buy” and an average target price of $29.25.

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Aduro Clean Technologies Stock Up 4.0%

ADUR opened at $13.43 on Monday. The firm has a market cap of $474.21 million, a PE ratio of -30.52 and a beta of 3.20. The business has a fifty day simple moving average of $14.98 and a 200-day simple moving average of $13.00. Aduro Clean Technologies has a fifty-two week low of $9.00 and a fifty-two week high of $18.19.

Institutional Investors Weigh In On Aduro Clean Technologies

A number of large investors have recently added to or reduced their stakes in the stock. Longview Financial Advisors Inc. bought a new position in shares of Aduro Clean Technologies in the first quarter valued at approximately $28,000. Wells Fargo & Company MN boosted its holdings in shares of Aduro Clean Technologies by 800.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,700 shares of the company’s stock worth $28,000 after buying an additional 2,400 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Aduro Clean Technologies during the 2nd quarter worth $44,000. Virtu Financial LLC acquired a new position in Aduro Clean Technologies in the 4th quarter valued at $112,000. Finally, Bank of America Corp DE acquired a new position in Aduro Clean Technologies in the 1st quarter valued at $123,000.

Aduro Clean Technologies Company Profile

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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.

Further Reading

Analyst Recommendations for Aduro Clean Technologies (NASDAQ:ADUR)

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