Wall Street Zen downgraded shares of Aduro Clean Technologies (NASDAQ:ADUR – Free Report) from a sell rating to a strong sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.
A number of other equities analysts have also commented on ADUR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Friday, July 17th. Roth Capital started coverage on Aduro Clean Technologies in a report on Monday, July 27th. They issued a “buy” rating and a $30.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.
Check Out Our Latest Stock Report on ADUR
Aduro Clean Technologies Stock Performance
Aduro Clean Technologies (NASDAQ:ADUR – Get Free Report) last announced its quarterly earnings data on Monday, August 31st. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.19). As a group, sell-side analysts forecast that Aduro Clean Technologies will post -0.33 earnings per share for the current year.
Institutional Trading of Aduro Clean Technologies
A number of hedge funds have recently added to or reduced their stakes in ADUR. Geode Capital Management LLC purchased a new position in Aduro Clean Technologies during the 2nd quarter valued at about $172,000. NewEdge Advisors LLC lifted 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 worth $189,000 after purchasing an additional 21,000 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Aduro Clean Technologies in the 2nd quarter worth approximately $44,000. UBS Group AG boosted its stake in shares of Aduro Clean Technologies by 20.9% during the third quarter. UBS Group AG now owns 70,594 shares of the company’s stock valued at $946,000 after purchasing an additional 12,202 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Aduro Clean Technologies during the third quarter valued at approximately $528,000.
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.
Featured Articles
- Five stocks we like better than Aduro Clean Technologies
- 3 Under-the-Radar Defense Stocks With Record Backlogs
- This Korea ETF Has Soared, But the Rally May Not Be Over
- Why Guidewire’s Post-Earnings Plunge May Not Last
- Ride-Share Reckoning: Tesla Drives Into Uber’s Lane
Receive News & Ratings for Aduro Clean Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aduro Clean Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
