Aduro Clean Technologies Is Maintained at Buy by D. Boral Capital

Advanced pilot plant construction and expanded industry partnerships marked FY2025, while revenue declined 31% and operating losses rose due to increased R&D and scale-up investments. A strengthened cash position from a US public offering supports ongoing commercialization and technology validation.

Original document: Aduro Clean Technologies Inc [ACT] Earnings Release — Aug. 27 2025

The broad market exchange-traded fund SPDR S&P 500 ETF Trust was up 0.2% and the actively traded Invesco QQQ Trust advanced 0.2% in Thursday's premarket activity, ahead of the June jobs report.

US stock futures were also higher, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures advancing 0.1% and Nasdaq futures gaining 0.1% before the start of regular trading.

June's employment situation report is scheduled to be released at 8:30 am ET, alongside the international trade in goods and services report for May and the weekly jobless claims bulletin.

The S&P Global final US PMI composite for June posts at 9:45 am ET, followed by the factory orders report for May and the ISM Services Index for June at 10 am ET.

The weekly EIA natural gas report posts at 10:30 am ET, while the weekly Baker Hughes domestic oil-and-gas rig count posts at 1 pm ET.

Atlanta Federal Reserve President Raphael Bostic speaks on Thursday.

Most US markets will close at 1 pm ET on Thursday, ahead of the Independence Day holiday on Friday.

In premarket action, bitcoin retreated 0.02% and the cryptocurrency fund ProShares Bitcoin Strategy ETF gained 0.1%.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund advanced 0.4%. The Vanguard Health Care Index Fund was up 0.2% while the iShares US Healthcare ETF was inactive. The iShares Biotechnology ETF advanced 0.4%.

Inovio Pharmaceuticals stock was down 25% premarket after the company said that it priced its public offering of about 14.3 million common shares and accompanying series A and B warrants at $1.75 per combination of a share and the warrants, for total proceeds of about $25 million.

Winners and Losers:

Consumer

The Consumer Staples Select Sector SPDR Fund was down 0.02%, while the Vanguard Consumer Staples Fund was inactive. The iShares US Consumer Staples ETF was flat, and the Consumer Discretionary Select Sector SPDR Fund gained 0.3%. The VanEck Retail ETF was inactive, while the SPDR S&P Retail ETF was flat.

TripAdvisor shares were up 8% pre-bell after The Wall Street Journal reported Wednesday that investor Starboard Value has built a 9% stake in the company.

Industrial

Industrial Select Sector SPDR Fund advanced 0.1% and the Vanguard Industrials Index Fund gained 0.3%, while the iShares US Industrials ETF (IYJ) was inactive.

Aduro Clean Technologies stock was up 3% before the opening bell after the company said it granted stock options to acquire 743,500 shares to certain members of its management, board, staff and consultants.

Technology

Technology Select Sector SPDR Fund advanced 0.1%, and the iShares US Technology ETF was flat, while the iShares Expanded Tech Sector ETF was flat. Among semiconductor ETFs, SPDR S&P Semiconductor ETF was inactive, while the iShares Semiconductor ETF rose by 0.2%.

Synopsys shares were up more than 3% in recent premarket activity after the company said late Wednesday that the Bureau of Industry and Security of the US Department of Commerce informed the company that export restrictions related to China have been "rescinded," effective immediately.

Financial

Financial Select Sector SPDR Fund advanced 0.2%. Direxion Daily Financial Bull 3X Shares was up 0.6%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares was flat.

Banco Santander shares were down nearly 1% pre-bell Thursday after gaining 2.3% at Wednesday's close. The company said on Tuesday that it has agreed to buy Banco Sabadell's UK unit for 2.65 billion pounds ($3.62 billion).

Energy

The iShares US Energy ETF was inactive, while the Energy Select Sector SPDR Fund was down by 0.1%.

Borr Drilling stock was down nearly 1% before Thursday's opening bell after the company said that it has priced its offering of 50 million common shares at $2.05 per share for total gross proceeds of $102.5 million.

Commodities

Front-month US West Texas Intermediate crude oil retreated 0.1% to $66.31 per barrel on the New York Mercantile Exchange. Natural gas rose 1.4% to $3.54 per 1 million British Thermal Units. United States Oil Fund was 0.3% higher, while the United States Natural Gas Fund advanced 1.3%.

Gold futures for August retreated 0.1% to $3,356 an ounce on the Comex, while silver futures were up 1.1% to $37.13 an ounce. SPDR Gold Shares declined 0.3%, and the iShares Silver Trust was 0.8% higher.

Aduro Clean Technologies said Thursday it has appointed David Weizenbach as chief operating officer, effective July 1.

Weizenbach has been working with the company in a consulting capacity for the last six months, it said.

Aduro shares were up 2.8% in recent premarket activity.