AirJoule Technologies Corporation (NASDAQ:AIRJ) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• AirJoule Technologies has a consensus analyst rating of “Moderate Buy” from five brokerages, with an average 12-month price target of $8.25.
• Recent analyst actions have been mostly positive, including buy ratings from Seaport Research Partners, B. Riley Financial, and HC Wainwright, though Weiss Ratings slightly lowered its view.
• The stock was trading at $3.77 and the company reported a wider-than-expected loss last quarter, posting -$0.74 EPS versus estimates of -$0.06.

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $8.25.

Several research analysts have recently commented on the company. Seaport Research Partners assumed coverage on AirJoule Technologies in a research report on Friday, May 8th. They issued a "buy" rating and a $7.00 price target for the company. Weiss Ratings raised AirJoule Technologies from a "sell (e+)" rating to a "sell (d)" rating in a research report on Monday, May 18th. B. Riley Financial initiated coverage on AirJoule Technologies in a research note on Thursday, April 30th. They issued a "buy" rating and a $6.00 target price on the stock. Finally, HC Wainwright reiterated a "buy" rating and issued a $12.00 target price on shares of AirJoule Technologies in a report on Monday, May 18th.

Institutional Investors Weigh In On AirJoule Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vident Advisory LLC acquired a new position in AirJoule Technologies during the fourth quarter worth $1,849,000. Geode Capital Management LLC lifted its holdings in 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 in the last quarter. Renaissance Technologies LLC boosted its stake in AirJoule Technologies by 417.1% during the 4th quarter. Renaissance Technologies LLC now owns 287,500 shares of the company's stock worth $1,133,000 after purchasing an additional 231,900 shares during the last quarter. Marshall Wace LLP boosted its stake in AirJoule Technologies by 160.9% during 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 during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in AirJoule Technologies during the 1st quarter valued at about $482,000. Institutional investors and hedge funds own 63.65% of the company's stock.

AirJoule Technologies Stock Performance

NASDAQ AIRJ opened at $3.77 on Wednesday. AirJoule Technologies has a one year low of $2.22 and a one year high of $6.75. The company has a market capitalization of $272.95 million, a price-to-earnings ratio of -3.31 and a beta of 0.83. The company's 50-day simple moving average is $4.46 and its two-hundred day simple moving average is $3.71.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last released its quarterly earnings data 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). Equities analysts expect that AirJoule Technologies will post -0.14 earnings per share for the current fiscal year.

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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