AirJoule Technologies’ (AIRJ) “Buy” Rating Reiterated at HC Wainwright

AirJoule Technologies (NASDAQ:AIRJ)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a research note issued on Monday,Benzinga reports. They currently have a $12.00 price target on the stock. HC Wainwright’s target price would indicate a potential upside of 221.72% from the company’s previous close.

Several other research analysts also recently weighed in on AIRJ. Seaport Research Partners initiated coverage on AirJoule Technologies in a research note on Friday, May 8th. They issued a “buy” rating and a $7.00 price target for the company. B. Riley Financial started coverage on AirJoule Technologies in a research note on Thursday, April 30th. They issued a “buy” rating and a $6.00 price target for the company. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of AirJoule Technologies in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, AirJoule Technologies currently has an average rating of “Moderate Buy” and an average price target of $8.25.

AirJoule Technologies Stock Performance

Shares of AirJoule Technologies stock opened at $3.73 on Monday. The company has a market capitalization of $255.32 million, a P/E ratio of -3.27 and a beta of 0.72. The company has a fifty day moving average of $3.20 and a 200 day moving average of $3.51. AirJoule Technologies has a fifty-two week low of $2.22 and a fifty-two week high of $6.75.

AirJoule Technologies (NASDAQ:AIRJ) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.68). Analysts forecast that AirJoule Technologies will post -0.28 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of AirJoule Technologies in the 2nd quarter valued at about $31,000. Group One Trading LLC bought a new position in shares of AirJoule Technologies in the 2nd quarter valued at about $42,000. Fagan Associates Inc. bought a new position in shares of AirJoule Technologies in the 4th quarter valued at about $46,000. Abel Hall LLC bought a new position in shares of AirJoule Technologies in the 4th quarter valued at about $46,000. Finally, Invesco Ltd. bought a new position in shares of AirJoule Technologies in the 2nd quarter valued at about $50,000. 63.65% of the stock is currently owned by 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.