Aduro Clean Technologies (NASDAQ:ADUR) Stock Rating Upgraded by Wall Street Zen

Aduro Clean Technologies (NASDAQ:ADUR) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Sunday.

A number of other brokerages have also commented on ADUR. LADENBURG THALM/SH SH upgraded Aduro Clean Technologies to a “strong-buy” rating in a report on Wednesday, May 6th. D. Boral Capital restated a “buy” rating and issued a $46.00 price target on shares of Aduro Clean Technologies in a report on Friday, April 10th. HC Wainwright began coverage on shares of Aduro Clean Technologies in a research note on Wednesday, February 4th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued 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 “Moderate Buy” and a consensus price target of $29.00.

Aduro Clean Technologies Stock Down 0.1%

Shares of ADUR stock opened at $16.85 on Friday. Aduro Clean Technologies has a 12-month low of $7.66 and a 12-month high of $17.66. The firm has a market capitalization of $570.04 million, a price-to-earnings ratio of -38.29 and a beta of 3.15. The firm has a fifty day moving average of $12.28 and a 200-day moving average of $12.11.

Institutional Investors Weigh In On Aduro Clean Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in ADUR. Empery Asset Management LP acquired a new stake in shares of Aduro Clean Technologies in the 4th quarter worth about $5,916,000. Two Sigma Investments LP acquired a new stake in shares of Aduro Clean Technologies in the 3rd quarter worth about $528,000. NewEdge Advisors LLC raised its holdings 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 acquiring an additional 21,000 shares during the last quarter. Geode Capital Management LLC acquired a new stake in shares of Aduro Clean Technologies in the 2nd quarter worth about $172,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Aduro Clean Technologies in the 4th quarter worth about $159,000.

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.