AirJoule Technologies' (AIRJ) Sell (D) Rating Reiterated at Weiss Ratings

Key Points

• AirJoule Technologies' stock has been given a "sell (d)" rating by Weiss Ratings, indicating a lack of confidence from analysts.
• The current stock price of AirJoule Technologies is $5.37, which reflects a slight decline of 0.3%, with the company also having a market capitalization of $324.26 million.
• Recent institutional investments show significant activity, with Bank of America Corp DE increasing its holdings by 8,851.2% during the fourth quarter, signaling growing interest from hedge funds.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report)'s stock had its "sell (d)" rating reissued by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

AirJoule Technologies Stock Down 0.3%

Shares of NASDAQ AIRJ traded down $0.02 during mid-day trading on Wednesday, hitting $5.37. 141,537 shares of the company traded hands, compared to its average volume of 122,569. AirJoule Technologies has a 1 year low of $3.74 and a 1 year high of $11.60. The stock has a market capitalization of $324.26 million, a price-to-earnings ratio of 10.12 and a beta of 0.43. The business has a 50 day moving average of $4.73 and a two-hundred day moving average of $4.71.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.13. As a group, research analysts anticipate that AirJoule Technologies will post 4.97 EPS for the current year.

Institutional Investors Weigh In On AirJoule Technologies

Several hedge funds have recently modified their holdings of AIRJ. Bank of America Corp DE lifted its holdings in shares of AirJoule Technologies by 8,851.2% during the fourth quarter. Bank of America Corp DE now owns 11,189 shares of the company's stock valued at $89,000 after purchasing an additional 11,064 shares during the last quarter. Millennium Management LLC purchased a new position in shares of AirJoule Technologies during the fourth quarter valued at $85,000. Y Intercept Hong Kong Ltd purchased a new position in shares of AirJoule Technologies during the first quarter valued at $46,000. OMERS ADMINISTRATION Corp purchased a new position in shares of AirJoule Technologies during the first quarter valued at $50,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of AirJoule Technologies by 46.4% during the first quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company's stock valued at $393,000 after buying an additional 26,995 shares in the last quarter. 63.65% of the stock is owned by hedge funds and other 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.

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