AirJoule Technologies (NASDAQ:AIRJ) Now Covered by Analysts at D. Boral Capital

Key Points

• D. Boral Capital initiated coverage of AirJoule Technologies with a “buy” rating and an $8 price target, implying approximately 102% upside from the prior close.
• Analyst sentiment is mixed but generally positive: AirJoule has a consensus “Moderate Buy” rating and an average price target of $9.20, with targets ranging from $8 to $10 alongside hold and sell ratings.
• The company reported a quarterly loss of $0.12 per share, missing estimates by $0.04. AirJoule shares opened at $3.96, while institutional investors and hedge funds own 63.65% of the stock.

D. Boral Capital started coverage on shares of AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) in a research note issued on Friday, Briefing.com reports. The brokerage set a "buy" rating and a $8.00 price target on the stock. D. Boral Capital's price objective indicates a potential upside of 102.02% from the company's previous close.

Several other brokerages have also issued reports on AIRJ. B. Riley Financial lifted their target price on shares of AirJoule Technologies from $6.00 to $8.00 and gave the company a "buy" rating in a research report on Monday, August 17th. UBS Group set a $10.00 price target on shares of AirJoule Technologies in a research report on Monday, August 17th. Needham & Company LLC began coverage on shares of AirJoule Technologies in a research note on Monday, August 31st. They issued a "hold" rating on the stock. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of AirJoule Technologies in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, AirJoule Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $9.20.

AirJoule Technologies Trading Up 1.5%

Shares of AIRJ opened at $3.96 on Friday. The firm has a market cap of $290.47 million, a P/E ratio of -3.05 and a beta of 0.89. AirJoule Technologies has a 12 month low of $2.22 and a 12 month high of $6.75. The stock's 50 day moving average is $4.75 and its two-hundred day moving average is $4.18.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) 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). Equities research analysts forecast that AirJoule Technologies will post -0.09 EPS for the current year.

Hedge Funds Weigh In On AirJoule Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC increased its stake in shares of AirJoule Technologies by 15.7% in the 1st quarter. Private Advisor Group LLC now owns 29,500 shares of the company's stock worth $74,000 after acquiring an additional 4,000 shares during the last quarter. Bank of America Corp DE boosted its position in shares of AirJoule Technologies by 63.5% during the 1st quarter. Bank of America Corp DE now owns 25,779 shares of the company's stock valued at $65,000 after acquiring an additional 10,011 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of AirJoule Technologies by 23.4% during the 1st quarter. Bank of New York Mellon Corp now owns 65,113 shares of the company's stock valued at $163,000 after acquiring an additional 12,362 shares during the last quarter. Operose Advisors LLC purchased a new stake in shares of AirJoule Technologies in the second quarter valued at about $100,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of AirJoule Technologies in the second quarter valued at about $144,000. 63.65% of the stock is currently owned by institutional investors and hedge funds.

AirJoule Technologies Company Profile

AirJoule Technologies Corp. develops atmospheric water harvesting and energy-efficiency technologies. Its proprietary AirJoule technology is designed to extract water vapor from ambient air and produce usable water, while also supporting dehumidification and cooling applications.

The company's products and systems are intended for use in commercial, industrial, agricultural and other settings where access to water or efficient humidity control is important. AirJoule technologies may be deployed as standalone water-generation systems or integrated into heating, ventilation and air-conditioning infrastructure.

AirJoule Technologies was formerly known as Montana Technologies Corporation.

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