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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)
Rating:53Neutral
Price Target:
C$16.50
▲(2.61% 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
ACT’s Hydrochemolytic™ proprietary process targets conversion of biomass and organic waste into high-value fuels and chemicals. This IP-driven model supports licensing and JV strategies, creating scalable revenue pathways and long-term differentiation in circular-economy markets.
Low financial leverage
A low-debt balance sheet gives ACT financial flexibility to fund R&D and commercialization without acute solvency pressure. Over the next several months this reduces default risk and supports negotiation of partnerships or phased project investments without immediate refinancing stress.
Early revenue traction
Although scale remains limited, sequential revenue improvement indicates initial commercial adoption of licensing, JV and consulting channels. Persistent top-line progress supports validation of the business model and increases the chance of scaling commercial contracts over the medium term.
Negative Factors
Very small revenue base
Revenue scale is inadequate relative to operating costs; the company’s commercial footprint remains embryonic. Persistent low sales make it difficult to achieve operating leverage, fund ongoing development internally, or demonstrate sustainable cash flow without external capital.
Material cash burn
Operating and free cash flow are substantially negative, implying reliance on financing to sustain operations. Continued cash burn raises dilution and refinancing risk, and constrains the company’s ability to invest in commercial deployments or scale pilots without external capital.
Negative returns on equity
Sustained net losses are eroding return metrics and can pressure the equity base over time. If losses persist, this limits retained-capital availability for growth, increases the risk of equity dilution, and may deter strategic partners seeking financially stable collaborators.

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 MoneyAduro Clean Technologies generates revenue primarily through the licensing of its Hydrochemolytic™ technology to industrial partners and clients in various sectors, including waste management, energy, and chemicals. The company also earns money through joint ventures and collaborations with strategic partners, which may involve shared investment in technology development and commercialization. Additional revenue streams include consulting services related to technology implementation and optimization, as well as potential product sales derived from the processing of waste materials into renewable fuels and chemicals. The establishment of partnerships with industry leaders further enhances ACT's market presence and can lead to additional revenue opportunities through collaborative projects.

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
Neutral
Last Price16.08
Price Trends
50DMA
16.84
Negative
100DMA
17.85
Negative
200DMA
16.24
Negative
Market Momentum
MACD
-0.61
Negative
RSI
49.66
Neutral
STOCH
85.87
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ACT, the sentiment is Neutral. The current price of 16.08 is above the 20-day moving average (MA) of 15.74, below the 50-day MA of 16.84, and below the 200-day MA of 16.24, indicating a neutral trend. The MACD of -0.61 indicates Negative momentum. The RSI at 49.66 is Neutral, neither overbought nor oversold. The STOCH value of 85.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$42.07M19.8219.05%-13.85%-60.15%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
63
Neutral
C$37.92M16.0010.00%-30.45%
59
Neutral
C$29.02M56.67-1.51%-3.45%-104.92%
53
Neutral
C$493.19M-23.19-114.59%-33.91%-40.26%
45
Neutral
C$2.47M-1.47-68.14%-209.09%
42
Neutral
C$18.06M-4.6014.18%-29.19%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:ACT
Aduro Clean Technologies
14.82
7.34
98.13%
TSE:BRM
Biorem Inc
2.61
0.08
3.16%
TSE:WATR
Current Water Technologies Inc
0.01
-0.01
-50.00%
TSE:SHRC
Sharc International Systems Inc
0.11
<0.01
10.00%
TSE:TMG
Thermal Energy International
0.17
0.02
13.33%
TSE:GRN
Greenlane Renewables Inc
0.24
0.15
166.67%

Aduro Clean Technologies Corporate Events

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.

Business Operations and StrategyPrivate Placements and Financing
Aduro Clean Technologies Prices US$20 Million U.S. Public Offering to Fund Demonstration Plant
Positive
Dec 19, 2025

Aduro Clean Technologies has priced a US$20 million underwritten U.S. public offering of 1,739,130 common shares bundled with half-warrants, each whole warrant exercisable at US$16.00 per share for three years, with securities sold exclusively to U.S. investors under an effective shelf registration. The company plans to use the proceeds primarily to fund construction of its demonstration-scale plant, with any remaining funds allocated to research and development, general corporate purposes and working capital, a move that underscores its capital-intensive scale-up phase and could accelerate commercialization of its chemical recycling and upgrading technologies while modestly diluting existing shareholders.

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 StrategyProduct-Related Announcements
Aduro Clean Technologies Graduates from Shell GameChanger Program
Positive
Dec 16, 2025

Aduro Clean Technologies has successfully graduated from the Shell GameChanger program, marking a significant milestone in the development of its Hydrochemolytic™ Technology. This achievement validates Aduro’s approach to converting waste plastics into high-quality hydrocarbons, enhancing its engineering and commercial readiness. The program’s conclusion supports Aduro’s plans for scaling up its operations, including the commissioning of a Pilot Plant and the design of a Demonstration-scale facility, positioning the company as a key player in chemical decarbonization and the energy transition.

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 Strategy
Aduro Clean Technologies Partners with ECOCE to Enhance Plastic Recycling in Mexico
Positive
Dec 3, 2025

Aduro Clean Technologies has partnered with ECOCE, a Mexican non-profit environmental association, to explore the use of Aduro’s Hydrochemolytic™ Technology (HCT) for recycling flexible plastic packaging in Mexico. This collaboration aims to tackle the significant challenge of recycling mixed and multilayer plastics, a growing waste category in Mexico, by converting them into valuable liquid hydrocarbons. The initiative is expected to create new business models and market opportunities for ECOCE’s members and other stakeholders, potentially enhancing recycling efficiency and reducing environmental impact.

The most recent analyst rating on (TSE:ACT) stock is a Hold with a C$17.00 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