AirJoule Technologies Corporation (NASDAQ:AIRJ) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on AirJoule Technologies, with three buy ratings, one strong buy, one hold and one sell. The average 12-month price target is $9.50, compared with the stock’s $4.42 opening price.
• Institutional investors own 63.65% of the company, with firms including Geode Capital Management, Goldman Sachs and Jane Street increasing their positions recently.
• AirJoule shares have declined 3.1% and recently reported a quarterly loss of $0.12 per share, missing the $0.08-per-share consensus estimate. Analysts expect a full-year loss of approximately $0.09 per share.

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $9.50.

Several brokerages have recently issued reports on AIRJ. UBS Group set a $10.00 price objective on AirJoule Technologies in a research report on Monday, August 17th. HC Wainwright restated a "buy" rating and issued a $12.00 target price on shares of AirJoule Technologies in a research report on Monday, May 18th. B. Riley Financial lifted their target price on AirJoule Technologies from $6.00 to $8.00 and gave the company a "buy" rating in a research note on Monday, August 17th. Needham & Company LLC started coverage on AirJoule Technologies in a research report on Monday, August 31st. They set a "hold" rating for the company. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of AirJoule Technologies in a research note on Thursday, August 13th.

Hedge Funds Weigh In On AirJoule Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of AIRJ. Bank of America Corp DE raised its position 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 worth $89,000 after buying an additional 11,064 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of AirJoule Technologies by 46.4% in the first 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 in the last quarter. Jane Street Group LLC boosted its holdings in shares of AirJoule Technologies by 103.2% in the first 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 in the last quarter. Geode Capital Management LLC increased its stake in shares of AirJoule Technologies by 111.1% during the second 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 acquired a new position in shares of AirJoule Technologies during the second quarter valued at approximately $441,000. Institutional investors own 63.65% of the company's stock.

AirJoule Technologies Stock Down 3.1%

Shares of NASDAQ:AIRJ opened at $4.42 on Thursday. The company has a market cap of $324.21 million, a PE ratio of -3.40 and a beta of 0.87. The company's 50-day moving average price is $4.79 and its 200 day moving average price is $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 - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.04). As a group, equities analysts anticipate that AirJoule Technologies will post -0.09 EPS for the current 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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