Guardian Wealth Advisors LLC NC Takes Position in Aduro Clean Technologies Inc. $ADUR

Guardian Wealth Advisors LLC NC bought a new position in Aduro Clean Technologies Inc. (NASDAQ:ADUR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $630,000. Guardian Wealth Advisors LLC NC owned approximately 0.11% of Aduro Clean Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE acquired a new stake in Aduro Clean Technologies in the 1st quarter valued at $123,000. Longview Financial Advisors Inc. acquired a new position in Aduro Clean Technologies during the first quarter worth $28,000. DGS Capital Management LLC lifted its holdings in shares of Aduro Clean Technologies by 67.4% during the fourth quarter. DGS Capital Management LLC now owns 37,966 shares of the company’s stock valued at $393,000 after acquiring an additional 15,285 shares during the period. Virtu Financial LLC bought a new position in shares of Aduro Clean Technologies during the fourth quarter valued at $112,000. Finally, NewEdge Advisors LLC boosted its stake in shares of 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 in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ADUR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Friday, July 17th. Roth Capital started coverage on shares of Aduro Clean Technologies in a research report on Monday, July 27th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Wall Street Zen cut shares of Aduro Clean Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.25.

Aduro Clean Technologies Stock Performance

Aduro Clean Technologies stock opened at $13.58 on Tuesday. The business’s fifty day moving average is $14.82 and its two-hundred day moving average is $13.43. The firm has a market cap of $479.51 million, a P/E ratio of -21.90 and a beta of 3.22. Aduro Clean Technologies Inc. has a 52 week low of $9.00 and a 52 week high of $18.19.

Aduro Clean Technologies (NASDAQ:ADUR) last released its quarterly earnings results on Monday, August 31st. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.19). On average, equities research analysts predict that Aduro Clean Technologies Inc. will post -0.33 earnings per share for the current year.

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.