AirJoule Technologies’ (AIRJ) “Buy” Rating Reiterated at HC Wainwright

AirJoule Technologies (NASDAQ:AIRJ)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a report issued on Monday,Benzinga reports. They currently have a $12.00 price objective on the stock. HC Wainwright’s target price would indicate a potential upside of 221.72% from the stock’s previous close.

AIRJ has been the subject of a number of other reports. B. Riley Financial started coverage on AirJoule Technologies in a research note on Thursday, April 30th. They set a “buy” rating and a $6.00 price target for the company. Weiss Ratings restated a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Friday, March 27th. Finally, Seaport Research Partners began coverage on shares of AirJoule Technologies in a research report on Friday, May 8th. They set a “buy” rating and a $7.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $8.25.

AirJoule Technologies Stock Performance

NASDAQ:AIRJ opened at $3.73 on Monday. The company has a 50 day simple moving average of $3.20 and a two-hundred day simple moving average of $3.51. The company has a market cap of $255.32 million, a PE ratio of -3.27 and a beta of 0.72. AirJoule Technologies has a 12 month low of $2.22 and a 12 month high of $6.75.

AirJoule Technologies (NASDAQ:AIRJ) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.68). Research analysts forecast that AirJoule Technologies will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AIRJ. Bank of America Corp DE grew its stake in shares of AirJoule Technologies by 8,851.2% during the 4th quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock valued at $89,000 after acquiring an additional 11,064 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of AirJoule Technologies by 46.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock valued at $393,000 after acquiring an additional 26,995 shares during the period. Jane Street Group LLC grew its stake in shares of AirJoule Technologies by 103.2% during the 1st quarter. Jane Street Group LLC now owns 29,956 shares of the company’s stock valued at $138,000 after acquiring an additional 15,212 shares during the period. Geode Capital Management LLC grew its stake in shares of AirJoule Technologies by 111.1% during the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock valued at $2,395,000 after acquiring an additional 272,253 shares during the period. Finally, Creative Planning bought a new position in shares of AirJoule Technologies during the 2nd quarter valued at approximately $441,000. 63.65% of the stock is currently owned by institutional investors.

AirJoule Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.