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Aduro Clean Technologies (TSE:ACT)
:ACT

Aduro Clean Technologies (ACT) AI Stock Analysis

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TSE:ACT

Aduro Clean Technologies

(ACT)

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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
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Neutral 53 (OpenAI - 5.2)
Rating:53Neutral
Price Target:
C$15.00
â–²(1.63% Upside)
Action:ReiteratedDate:01/24/26
The score is held back primarily by weak financial performance—very small revenue relative to a large loss base and continued cash burn—despite a low-leverage balance sheet. Technicals are comparatively stronger, with the stock trading above key moving averages and positive momentum indicators. Valuation remains constrained by negative earnings and no stated dividend.
Positive Factors
Proprietary Technology Platform
Owning a proprietary chemical-recycling platform is a durable competitive advantage: it creates technical entry barriers, supports licensing or plant deployments, and positions the company to capture value across feedstock-to-product chains if commercial scale and reliability are achieved.
Low Leverage / Balance Sheet Strength
Very low leverage gives the company financial flexibility to fund development, pilot projects, or selective capital expenditure without large interest burdens. Over several months this reduces default risk and improves the ability to execute commercialization steps before profitability.
Early Revenue Growth Trajectory
A rising revenue trend from a low base signals early commercial traction for the technology. If sustained, this revenue momentum allows operating leverage to begin working, validates market demand, and materially de-risks the path to scaling operations over the next several quarters.
Negative Factors
Large Net Losses
Persistent, large net losses relative to current revenue indicate the firm is far from self-sustaining profitability. Over a multi-month horizon this erodes returns for shareholders, increases reliance on external capital, and heightens execution risk if revenue growth stalls.
Ongoing Cash Burn
Material negative OCF and FCF mean the business currently consumes cash to operate and invest. This structural cash burn necessitates financing rounds or asset sales, which can dilute shareholders or delay strategic investments, and constrains runway absent faster revenue conversion.
Very Small Revenue Scale vs Cost Base
Revenue remains tiny versus fixed and development costs, limiting the company’s ability to leverage operating costs and improve margins. Structural scaling is required to absorb overhead; until then economics will likely remain loss-making and capital-dependent.

Aduro Clean Technologies (ACT) vs. iShares MSCI Canada ETF (EWC)

Aduro Clean Technologies Business Overview & Revenue Model

Company DescriptionAduro Clean Technologies Inc. develops water-based chemical recycling technologies that transform waste plastics, heavy crude and bitumen, and renewable oils into renewable fuels and specialty chemicals. The company is based in Sarnia, Canada.
How the Company Makes Moneynull

Aduro Clean Technologies Financial Statement Overview

Summary
Balance sheet is a relative strength with very low leverage, but financial performance is constrained by extremely small TTM revenue (~$0.3M), large net losses (~$19.4M), and materially negative operating and free cash flow (OCF ~-$10.3M; FCF ~-$15.1M), indicating ongoing cash burn.
Income Statement
18
Very Negative
TTM (Trailing-Twelve-Months) revenue is still very small (~$0.3M) despite a high reported growth rate, and profitability remains deeply negative (net loss of ~$19.4M) with very weak gross profit and extremely negative operating and net margins. The main positive is that revenue is moving up from prior years, but the scale is far too low relative to the cost base, pointing to ongoing heavy operating losses.
Balance Sheet
62
Positive
The balance sheet is a relative strength: leverage is very low (debt is minimal versus equity), and equity and total assets are sizable compared with the company’s debt load. The key weakness is that returns on shareholders’ equity are strongly negative due to persistent losses, which can pressure the equity base over time if losses continue.
Cash Flow
22
Negative
Cash generation remains weak, with TTM (Trailing-Twelve-Months) operating cash flow (~-$10.3M) and free cash flow (~-$15.1M) both materially negative, indicating ongoing cash burn to fund operations and investment. While free cash flow trends show some improvement versus prior periods in the dataset, the company still relies on external funding or its balance sheet to sustain operations until profitability improves.
BreakdownTTMAug 2024Aug 2023Aug 2022Aug 2021May 2020
Income Statement
Total Revenue305.27K231.21K337.52K0.0037.93K80.00K
Gross Profit13.60K231.21K-93.64K-60.63K37.88K-1.55K
EBITDA-18.76M-11.60M-6.99M-4.97M-3.09M-157.49K
Net Income-19.36M-12.15M-7.44M-5.08M-3.21M-510.51K
Balance Sheet
Total Assets21.94M12.83M6.96M3.22M3.03M132.04K
Cash, Cash Equivalents and Short-Term Investments13.04M6.96M2.81M2.11M2.86M122.61K
Total Debt141.87K170.95K138.59K241.64K668.92K695.81K
Total Liabilities4.69M1.04M600.53K826.75K1.21M51.98K
Stockholders Equity17.24M11.79M6.36M2.39M1.82M80.06K
Cash Flow
Free Cash Flow-15.12M-10.42M-6.36M-3.71M-1.05M-192.22K
Operating Cash Flow-10.33M-8.98M-5.21M-3.30M-1.03M-189.93K
Investing Cash Flow-4.61M-1.44M-1.14M-411.00K-19.05K247.71K
Financing Cash Flow18.75M14.57M5.11M2.96M3.86M28.35K

Aduro Clean Technologies Technical Analysis

Technical Analysis Sentiment
Negative
Last Price14.76
Price Trends
50DMA
16.57
Negative
100DMA
16.85
Negative
200DMA
16.61
Negative
Market Momentum
MACD
-0.13
Negative
RSI
44.42
Neutral
STOCH
41.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ACT, the sentiment is Negative. The current price of 14.76 is below the 20-day moving average (MA) of 15.29, below the 50-day MA of 16.57, and below the 200-day MA of 16.61, indicating a bearish trend. The MACD of -0.13 indicates Negative momentum. The RSI at 44.42 is Neutral, neither overbought nor oversold. The STOCH value of 41.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ACT.

Aduro Clean Technologies Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
C$39.81M6.7818.99%―-13.85%-60.15%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
59
Neutral
C$24.75M9.2213.24%―-3.45%-104.92%
54
Neutral
C$37.50M-34.71-4.33%―-30.45%―
53
Neutral
C$491.20M-21.37-114.59%―-33.91%-40.26%
45
Neutral
C$3.70M-3.65388.29%―-68.14%-209.09%
42
Neutral
C$19.70M-4.72399.66%―14.18%-29.19%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:ACT
Aduro Clean Technologies
14.76
7.19
94.98%
TSE:BRM
Biorem Inc
2.47
0.02
0.82%
TSE:WATR
Current Water Technologies Inc
0.02
>-0.01
-25.00%
TSE:SHRC
Sharc International Systems Inc
0.12
0.02
20.00%
TSE:TMG
Thermal Energy International
0.15
0.01
11.54%
TSE:GRN
Greenlane Renewables Inc
0.24
0.12
113.64%

Aduro Clean Technologies Corporate Events

Business Operations and Strategy
Aduro Moves Toward Licensing Model With MOU for Hydrochemolytic Technology
Positive
Mar 19, 2026

Aduro Clean Technologies has signed a non-binding Memorandum of Understanding with a leading global engineering, procurement and construction firm to jointly develop a commercial licensing package for its Hydrochemolytic™ Technology. The collaboration aims to combine Aduro’s chemistry expertise with the partner’s large-scale project delivery capabilities to create modular, repeatable plant designs for advanced chemical recycling of mixed and contaminated plastic waste.

The initiative is intended to underpin a licence-driven business model for Hydrochemolytic™ Technology-based plastic recycling plants, detailing how solutions are marketed, priced and supported worldwide. Data from Aduro’s Next Generation Process pilot plant and a planned first-of-a-kind industrial facility in the Netherlands will feed into the engineering basis of the licence package, with the goal of lowering technical and execution risk for future industrial projects, subject to successful results, financing and definitive agreements.

The most recent analyst rating on (TSE:ACT) stock is a Hold with a C$16.50 price target. To see the full list of analyst forecasts on Aduro Clean Technologies stock, see the TSE:ACT Stock Forecast page.

Business Operations and Strategy
Aduro secures offtake LOI to validate Hydrochemolytic oil for Dutch FOAK plant
Positive
Mar 12, 2026

Aduro Clean Technologies has signed a non-binding Letter of Intent with a major independent commodities trader to evaluate and qualify Hydrochemolytic™ oil for future offtake, anchoring the company’s planned First-of-a-Kind industrial plant at the Chemelot Industrial Park in the Netherlands. The agreement sets up a structured Pilot-to-FOAK validation program, beginning with non-commercial pilot-scale product testing and characterization, followed by a committed purchase of the plant’s initial production parcel to support downstream customer qualification and market development.

The LOI is non-exclusive and preserves Aduro’s ability to add additional offtake partners as it scales, positioning the firm to tap rising demand for certified circular hydrocarbon feedstocks driven by EU packaging regulations and broader growth in the global chemical recycling market. By aligning its Hydrochemolytic™ oil with existing steam-cracking and petrochemical specifications, and leveraging structured offtake arrangements, Aduro aims to enhance its industrial credibility, accelerate commercialization, and secure a foothold in emerging circular plastics supply chains.

The most recent analyst rating on (TSE:ACT) stock is a Hold with a C$16.00 price target. To see the full list of analyst forecasts on Aduro Clean Technologies stock, see the TSE:ACT Stock Forecast page.

Business Operations and Strategy
Aduro Clean Technologies to Spotlight Commercialization Plans at 38th Annual ROTH Conference
Positive
Mar 5, 2026

Aduro Clean Technologies will participate in the 38th Annual ROTH Conference in Dana Point, California, from March 22–24, 2026, with CEO Ofer Vicus holding one-on-one meetings with institutional investors. The company plans to discuss execution plans, its scale-up roadmap, and its Commercialization Program, positioning its Hydrochemolytic Technology within evolving regulatory and market frameworks.

Management intends to highlight operating campaigns at its NGP Pilot Plant that support data generation, customer engagement, and feedstock qualification, as well as progress on its planned first-of-a-kind industrial plant. These discussions, along with updates on downstream validation work and supportive European regulations, aim to reinforce Aduro’s readiness for broader commercialization and may enhance its visibility and credibility among potential partners and investors.

The most recent analyst rating on (TSE:ACT) stock is a Hold with a C$15.00 price target. To see the full list of analyst forecasts on Aduro Clean Technologies stock, see the TSE:ACT Stock Forecast page.

Business Operations and Strategy
Aduro Clean Technologies Steps Up Global Outreach to Advance Chemical Recycling Commercialization
Positive
Feb 26, 2026

Aduro Clean Technologies plans an intensive schedule of conference and trade program participation across North America, Europe, Latin America, and Asia in March and April 2026 to promote its Hydrochemolytic Technology and support its commercialization roadmap. The company aims to engage recyclers, brand owners, petrochemical groups, and policymakers to advance discussions around its Next Generation Process pilot and planned first-of-a-kind industrial plant, using technical presentations and panels to highlight carbon efficiency, project economics, and practical pathways for scaling chemistry-based recycling.

Through appearances at events such as Chemical Recycling North America in Houston, Alberta Circular Plastics Day in Calgary, Residuos Expo in Mexico City, and the GO CIRCULAR summit in Germany, Aduro is seeking to deepen regional market development and align its technology with emerging regulatory and circularity initiatives. Its collaboration with ECOCE in Mexico and participation in a government-supported cleantech trade mission to South Korea underscore a strategy of building international partnerships and value-chain engagement as it moves from development toward deployment of commercial-scale facilities.

The most recent analyst rating on (TSE:ACT) stock is a Hold with a C$15.50 price target. To see the full list of analyst forecasts on Aduro Clean Technologies stock, see the TSE:ACT Stock Forecast page.

Business Operations and Strategy
Aduro Clean Technologies Ramps Up Global Outreach With 2026 Conference and Trade Program Lineup
Positive
Feb 26, 2026

Aduro Clean Technologies plans to participate in a series of conferences and trade programs in March and April 2026 to promote its Hydrochemolytic technology and support its commercialization roadmap. The company aims to deepen engagement with circular economy stakeholders and advance planning for its Next Generation Process pilot and first-of-a-kind industrial plant.

Key events include Residuos Expo in Mexico City, where Aduro will work with ECOCE on chemical recycling solutions for post-consumer films and flexibles, and the Chemical Recycling North America conference in Houston, where it will present on carbon efficiency and the integration of its oils into steam crackers. Aduro will also join Alberta Circular Plastics Day to discuss scaling chemistry-based recycling and communications strategies, while pursuing international outreach through a cleantech trade mission to South Korea and European engagement at the GO CIRCULAR summit, alongside continued market development efforts in Latin America.

The most recent analyst rating on (TSE:ACT) stock is a Hold with a C$15.50 price target. To see the full list of analyst forecasts on Aduro Clean Technologies stock, see the TSE:ACT Stock Forecast page.

Business Operations and Strategy
Aduro Clean Technologies Launches Operating Campaigns at NGP Pilot Plant
Positive
Feb 11, 2026

Aduro Clean Technologies has begun initial operating campaigns at its Next Generation Process pilot plant in London, Ontario, marking a shift from project execution to continuous operations that will support its commercial scale-up plans. The plant is running as an integrated unit to refine operating parameters, test real-world customer-supplied feedstocks, and generate performance and environmental data crucial for validating the technology and informing future industrial designs.

The company is advancing development of its first-of-a-kind industrial facility in parallel, having completed site selection and begun equipment evaluation to guide detailed engineering and long-lead procurement. With industrial-grade Siemens automation, expanded operations teams, and structured operator training, Aduro expects the pilot plant to strengthen stakeholder engagement and accelerate its path toward commercial deployment in the waste-to-resource and clean fuels space.

The most recent analyst rating on (TSE:ACT) stock is a Hold with a C$16.00 price target. To see the full list of analyst forecasts on Aduro Clean Technologies stock, see the TSE:ACT Stock Forecast page.

Business Operations and Strategy
Aduro Clean Technologies Picks Chemelot Site for First Industrial-Scale Plastics Recycling Plant
Positive
Jan 29, 2026

Aduro Clean Technologies has chosen the Chemelot Industrial Park in Sittard-Geleen, Netherlands, as the site for its first industrial-scale plant, a First-of-a-Kind facility that will deploy its Hydrochemolytic Technology for the chemical recycling of waste plastics. The plant, which follows pilot-scale validation, is designed as a key step toward commercial operations, starting with a capacity of about 10,000 tonnes per year and with room for phased expansion. The company selected Chemelot after an extensive site-selection process, citing the park’s integrated chemical cluster, robust utilities, access to waste feedstock, proximity to steam cracking and downstream polymer production, and alignment with Europe’s circular-economy regulations. The location within the Netherlands’ circular chemistry ecosystem and the Brightlands Chemelot Campus is expected to support Aduro’s long-term industrial presence, strengthen its position in the circular plastics value chain, and facilitate partnerships with regional industrial offtakers and innovation partners.

The most recent analyst rating on (TSE:ACT) stock is a Hold with a C$20.00 price target. To see the full list of analyst forecasts on Aduro Clean Technologies stock, see the TSE:ACT Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Aduro Clean Technologies Widens Loss as It Accelerates Scale-Up, Bolsters Cash With US$20 Million Offering
Positive
Jan 15, 2026

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.

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Aduro Clean Technologies Widens Loss as It Accelerates Scale-Up, Bolsters Cash With US$20 Million Raise
Positive
Jan 15, 2026

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 24, 2026