What is HC Wainwright's Forecast for AIRJ FY2029 Earnings?

Key Points

• HC Wainwright revised its FY2029 earnings per share (EPS) estimate for AirJoule Technologies to $0.05, down from a previous estimate of $0.06.
• AirJoule Technologies' stock has seen a 1.2% decline recently, with the current share price at $4.96 and a market cap of $277.76 million.
• Insider transactions revealed that CFO Stephen S. Pang sold 7,635 shares, representing a 33.02% decrease in their ownership of the company’s stock.

AirJoule Technologies Corporation (NASDAQ:AIRJ - Free Report) - Research analysts at HC Wainwright reduced their FY2029 earnings estimates for AirJoule Technologies in a report issued on Friday, August 15th. HC Wainwright analyst A. Dayal now expects that the company will post earnings of $0.05 per share for the year, down from their previous forecast of $0.06. The consensus estimate for AirJoule Technologies' current full-year earnings is $4.97 per share.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.13.

AirJoule Technologies Trading Up 3.1%

Shares of AIRJ traded up $0.1440 during trading hours on Monday, reaching $4.8640. 87,314 shares of the company traded hands, compared to its average volume of 109,050. The firm has a market cap of $272.38 million, a price-to-earnings ratio of 9.18 and a beta of 0.42. AirJoule Technologies has a 12-month low of $3.74 and a 12-month high of $11.60. The stock's fifty day moving average price is $4.59 and its 200 day moving average price is $5.43.

Institutional Trading of AirJoule Technologies

A number of large investors have recently made changes to their positions in AIRJ. Geode Capital Management LLC boosted 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 purchasing an additional 272,253 shares during the period. Marshall Wace LLP purchased a new stake in AirJoule Technologies in the fourth quarter worth about $811,000. Creative Planning purchased a new stake in AirJoule Technologies in the second quarter worth about $441,000. Kovitz Investment Group Partners LLC lifted its stake in AirJoule Technologies by 66.1% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 145,324 shares of the company's stock worth $1,158,000 after acquiring an additional 57,824 shares during the period. Finally, Wealthspire Advisors LLC purchased a new stake in AirJoule Technologies in the second quarter worth about $232,000. 63.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Stephen S. Pang sold 7,635 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $4.23, for a total transaction of $32,296.05. Following the completion of the sale, the chief financial officer directly owned 15,490 shares of the company's stock, valued at approximately $65,522.70. The trade was a 33.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 15,036 shares of company stock worth $63,602 over the last ninety days. 58.00% of the stock is currently owned by insiders.

About AirJoule Technologies

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.