Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ – Get Free Report) have earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $9.20.
A number of brokerages have commented on AIRJ. D. Boral Capital began coverage on AirJoule Technologies in a research report on Friday, October 2nd. They issued a “buy” rating and a $8.00 price target for the company. Needham & Company LLC began coverage on AirJoule Technologies in a research report on Monday, August 31st. They set a “hold” rating on the stock. B. Riley Financial boosted their price objective on AirJoule Technologies from $6.00 to $8.00 and gave the company a “buy” rating in a research note on Monday, August 17th. UBS Group set a $10.00 target price on shares of AirJoule Technologies in a report on Monday, August 17th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of AirJoule Technologies in a research note on Thursday, August 13th.
Check Out Our Latest Stock Analysis on AIRJ
AirJoule Technologies Stock Down 2.2%
AirJoule Technologies (NASDAQ:AIRJ – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). Research analysts anticipate that AirJoule Technologies will post -0.09 EPS for the current fiscal year.
Hedge Funds Weigh In On AirJoule Technologies
A number of hedge funds have recently made changes to their positions in the business. State Street Corp grew its holdings in shares of AirJoule Technologies by 26.8% in the second quarter. State Street Corp now owns 552,042 shares of the company’s stock valued at $3,058,000 after purchasing an additional 116,739 shares in the last quarter. Operose Advisors LLC bought a new stake in shares of AirJoule Technologies during the second quarter worth $100,000. Concurrent Investment Advisors LLC purchased a new stake in shares of AirJoule Technologies during the second quarter valued at $144,000. Bank of America Corp DE boosted its stake in shares of AirJoule Technologies by 63.5% during the first quarter. Bank of America Corp DE now owns 25,779 shares of the company’s stock valued at $65,000 after purchasing an additional 10,011 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of AirJoule Technologies by 36.8% in the first quarter. Renaissance Technologies LLC now owns 393,200 shares of the company’s stock worth $987,000 after purchasing an additional 105,700 shares during the last quarter. Institutional investors own 63.65% of the company’s stock.
AirJoule Technologies Company Profile
AirJoule Technologies Corp. (NASDAQ:AIRJ) develops technologies that extract water vapor from the atmosphere. Its platform is designed to capture moisture from ambient air and convert it into usable water, including potable water and water for commercial or industrial applications.
The company’s technology is based on advanced sorbent materials that selectively absorb water vapor. AirJoule also aims to support energy-efficient humidity control and dehumidification, with potential applications in buildings, industrial facilities, agriculture, data centers and other settings where water recovery or climate control is important.
AirJoule Technologies was formerly known as Montana Technologies Corporation and became a publicly traded company through a business combination.
Featured Stories
- Five stocks we like better than AirJoule Technologies
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
Receive News & Ratings for AirJoule Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AirJoule Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
