FY2030 Earnings Estimate for AIRJ Issued By HC Wainwright

Key Points

• HC Wainwright raised its FY2030 EPS estimate for AirJoule Technologies to $0.32 from $0.25 and maintained a Buy rating with a $12 price target.
• AirJoule reported a quarterly loss of $0.12 per share, missing the $0.08 consensus estimate; analysts nonetheless maintain a Moderate Buy consensus with an average $9.50 target price.
• AIRJ shares opened at $5.81, while institutional investors own 63.65% of the company; several hedge funds increased holdings or initiated new positions during the first quarter.

AirJoule Technologies Corporation (NASDAQ:AIRJ - Free Report) - Equities research analysts at HC Wainwright increased their FY2030 earnings per share (EPS) estimates for shares of AirJoule Technologies in a research note issued to investors on Monday, August 17th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings of $0.32 per share for the year, up from their prior estimate of $0.25. HC Wainwright has a "Buy" rating and a $12.00 price objective on the stock. The consensus estimate for AirJoule Technologies' current full-year earnings is ($0.14) per share.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.04).

AIRJ has been the topic of several other research reports. B. Riley Financial boosted their price objective on AirJoule Technologies from $6.00 to $8.00 and gave the stock a "buy" rating in a research report on Monday. Weiss Ratings reaffirmed a "sell (d)" rating on shares of AirJoule Technologies in a research report on Thursday. UBS Group set a $10.00 price target on shares of AirJoule Technologies in a report on Monday. Finally, Seaport Research Partners began coverage on shares of AirJoule Technologies in a report on Friday, May 8th. They set a "buy" rating and a $7.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.50.

AirJoule Technologies Price Performance

Shares of AIRJ stock opened at $5.81 on Tuesday. The company has a market cap of $420.64 million, a P/E ratio of -4.47 and a beta of 0.86. AirJoule Technologies has a one year low of $2.22 and a one year high of $6.75. The firm has a 50-day moving average of $4.76 and a 200-day moving average of $3.91.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in 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 period. Renaissance Technologies LLC boosted its holdings in shares of AirJoule Technologies by 36.8% in the first quarter. Renaissance Technologies LLC now owns 393,200 shares of the company's stock worth $987,000 after acquiring an additional 105,700 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of AirJoule Technologies in the first quarter worth $482,000. Sei Investments Co. purchased a new position in shares of AirJoule Technologies in the first quarter valued at $77,000. Finally, Bank of New York Mellon Corp grew its position in shares of AirJoule Technologies by 23.4% in the first quarter. Bank of New York Mellon Corp now owns 65,113 shares of the company's stock valued at $163,000 after purchasing an additional 12,362 shares in the last quarter. 63.65% of the stock is currently 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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