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Aduro Clean Technologies ( (TSE:ACT) ) has issued an announcement.
Aduro Clean Technologies reported a sharp increase in second-quarter fiscal 2026 revenue to $122,706, up 222% year-on-year, driven by non-recurring customer engagement and technology evaluation programs, while losses widened as the company accelerated investment in research and development, technology scale-up, staffing, marketing and public company costs tied to its Nasdaq listing. The company advanced commissioning of its Next Generation Process (NGP) Pilot Plant, progressed global site selection for a future Demonstration Plant, and significantly bolstered its balance sheet with a stronger cash position of $13.04 million at quarter-end and approximately US$20 million raised in a subsequent U.S. public offering, providing added financial flexibility to fund its demonstration program and broader growth initiatives.
The most recent analyst rating on (TSE:ACT) stock is a Hold with a C$17.50 price target. To see the full list of analyst forecasts on Aduro Clean Technologies stock, see the TSE:ACT Stock Forecast page.
Spark’s Take on TSE:ACT Stock
According to Spark, TipRanks’ AI Analyst, TSE:ACT is a Neutral.
The overall stock score is primarily impacted by significant financial challenges, including declining revenues and negative profitability margins. Technical analysis indicates a bearish trend, while valuation metrics highlight unattractive pricing due to negative earnings. The lack of earnings call data and corporate events further limits positive influences on the score.
To see Spark’s full report on TSE:ACT stock, click here.
More about Aduro Clean Technologies
Aduro Clean Technologies is a clean technology company that uses proprietary chemical processes to convert lower-value feedstocks such as waste plastics, heavy bitumen and renewable oils into higher-value resources. The company is focused on scaling its technology through pilot and demonstration plants, with operations and investor base spanning multiple markets via listings on Nasdaq, the CSE and the Frankfurt Stock Exchange.
Average Trading Volume: 15,163
Technical Sentiment Signal: Buy
Current Market Cap: C$631.7M
For a thorough assessment of ACT stock, go to TipRanks’ Stock Analysis page.