Aduro Clean Technologies Inc. (NASDAQ:ADUR) Receives $29.00 Consensus Target Price from Analysts

Shares of Aduro Clean Technologies Inc. (NASDAQ:ADUR) have been assigned an average rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $29.00.

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Monday, April 20th. HC Wainwright assumed coverage on shares of Aduro Clean Technologies in a research note on Wednesday, February 4th. They issued a “buy” rating and a $22.00 price target on the stock. D. Boral Capital reiterated a “buy” rating and issued a $46.00 price target on shares of Aduro Clean Technologies in a research note on Friday, April 10th. Finally, LADENBURG THALM/SH SH upgraded shares of Aduro Clean Technologies to a “strong-buy” rating in a research note on Wednesday, May 6th.

Institutional Investors Weigh In On Aduro Clean Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Longview Financial Advisors Inc. acquired a new stake in Aduro Clean Technologies in the 1st quarter valued at $28,000. Wells Fargo & Company MN increased its stake in Aduro Clean Technologies by 800.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,700 shares of the company’s stock valued at $28,000 after buying an additional 2,400 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Aduro Clean Technologies in the 2nd quarter valued at $44,000. Virtu Financial LLC acquired a new stake in Aduro Clean Technologies in the 4th quarter valued at $112,000. Finally, Bank of America Corp DE acquired a new stake in Aduro Clean Technologies in the 1st quarter valued at $123,000.

Aduro Clean Technologies Stock Down 1.7%

Shares of NASDAQ:ADUR opened at $14.28 on Friday. Aduro Clean Technologies has a 12 month low of $7.15 and a 12 month high of $17.66. The company’s fifty day simple moving average is $11.79 and its 200 day simple moving average is $12.00. The firm has a market cap of $437.40 million, a price-to-earnings ratio of -32.45 and a beta of 3.15.

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.