AirJoule Technologies Corporation (NASDAQ:AIRJ) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $9.50.

AIRJ has been the subject of several research reports. UBS Group set a $10.00 price objective on shares of AirJoule Technologies in a research report on Monday, August 17th. B. Riley Financial boosted their target price on shares of AirJoule Technologies from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Needham & Company LLC initiated coverage on shares of AirJoule Technologies in a research note on Monday, August 31st. They set a “hold” rating for the company. Weiss Ratings restated a “sell (d)” rating on shares of AirJoule Technologies in a report on Thursday, August 13th. Finally, HC Wainwright restated a “buy” rating and issued a $12.00 price target on shares of AirJoule Technologies in a research report on Monday, May 18th.

Institutional Investors Weigh In On AirJoule Technologies

Several large investors have recently modified their holdings of the stock. Vident Advisory LLC acquired a new stake in shares of AirJoule Technologies during the fourth quarter worth $1,849,000. Geode Capital Management LLC boosted its position in shares of AirJoule Technologies by 111.1% in the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock valued at $2,395,000 after purchasing an additional 272,253 shares during the period. Renaissance Technologies LLC boosted its position in shares of AirJoule Technologies by 417.1% in the 4th quarter. Renaissance Technologies LLC now owns 287,500 shares of the company’s stock valued at $1,133,000 after purchasing an additional 231,900 shares during the period. Marshall Wace LLP increased its stake in AirJoule Technologies by 160.9% in the 4th quarter. Marshall Wace LLP now owns 314,948 shares of the company’s stock worth $1,241,000 after purchasing an additional 194,212 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in AirJoule Technologies in the 1st quarter worth about $482,000. 63.65% of the stock is owned by institutional investors.

AirJoule Technologies Stock Down 3.1%

Shares of AirJoule Technologies stock opened at $4.42 on Thursday. The firm has a market cap of $324.21 million, a price-to-earnings ratio of -3.40 and a beta of 0.87. The business has a fifty day simple moving average of $4.79 and a 200-day simple moving average of $4.09. AirJoule Technologies has a fifty-two week low of $2.22 and a fifty-two week high of $6.75.

AirJoule Technologies (NASDAQ:AIRJ) last announced its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.04). Analysts anticipate that AirJoule Technologies will post -0.09 earnings per share for the current fiscal year.

About AirJoule Technologies

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.