Aduro Clean Tech initiated with a Buy at H.C. Wainwright

H.C. Wainwright analyst Amit Dayal initiated coverage of Aduro Clean Tech (ADUR) with a Buy rating and $22 price target Aduro is in the process of commercializing its recycling technology that breaks down waste materials into products like fuels and chemicals, instead of burning or landfilling them, the analyst tells investors in a research note. The firm says the company is “disrupting” traditional pyrolysis with its hydrochemolytic technology. The shares representsa “play on the circular economy and heavy oil upgrading sectors,” contends H.C. Wainwright.