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An update from Aduro Clean Technologies ( (TSE:ACT) ) is now available.
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 from operations widened to $6.46 million as the company ramped up research and development, technology scale-up activities, staffing, marketing, and incurred additional costs tied to its Nasdaq listing. The company advanced commissioning of its Next Generation Process Pilot Plant and progressed planning for a future Demonstration Plant, including global site selection, while significantly strengthening its balance sheet with a strong cash position of $13.04 million at quarter-end and an additional US$20 million raised in a subsequent U.S. public offering, enhancing its capacity to fund scale-up, R&D, and broader corporate 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 Inc. 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, targeting applications in advanced recycling and low-carbon energy markets, and is listed on Nasdaq, the CSE, and the FSE.
Average Trading Volume: 15,163
Technical Sentiment Signal: Buy
Current Market Cap: C$631.7M
See more data about ACT stock on TipRanks’ Stock Analysis page.