Aduro Clean Technologies (NASDAQ:ADUR) Shares Gap Up – Here’s What Happened

Aduro Clean Technologies Inc. (NASDAQ:ADUR)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $14.40, but opened at $15.99. Aduro Clean Technologies shares last traded at $17.40, with a volume of 436,596 shares.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ADUR shares. D. Boral Capital reaffirmed a “buy” rating and set a $46.00 price target on shares of Aduro Clean Technologies in a research report on Friday, April 10th. LADENBURG THALM/SH SH raised Aduro Clean Technologies to a “strong-buy” rating in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Monday, April 20th. Finally, Wall Street Zen raised Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Aduro Clean Technologies Stock Performance

The business has a fifty day moving average of $12.86 and a two-hundred day moving average of $12.31. The firm has a market capitalization of $542.19 million, a price-to-earnings ratio of -36.20 and a beta of 3.15.

Institutional Trading of Aduro Clean Technologies

Several institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in Aduro Clean Technologies by 5.1% in the 4th quarter. NewEdge Advisors LLC now owns 33,344 shares of the company’s stock valued at $345,000 after purchasing an additional 1,604 shares during the period. Wells Fargo & Company MN boosted 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 purchasing an additional 2,400 shares during the period. Longview Financial Advisors Inc. bought a new stake in Aduro Clean Technologies in the 1st quarter valued at $28,000. Raymond James Financial Inc. bought a new stake in Aduro Clean Technologies in the 2nd quarter valued at $44,000. Finally, Virtu Financial LLC bought a new stake in Aduro Clean Technologies in the 4th quarter valued at $112,000.

Aduro Clean Technologies Company Profile

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.