AirJoule Technologies Corporation (NASDAQ:AIRJ) Given Consensus Recommendation of “Moderate Buy” by Brokerages

AirJoule Technologies Corporation (NASDAQ:AIRJ) has earned an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $8.25.

A number of brokerages recently commented on AIRJ. Seaport Research Partners began coverage on shares of AirJoule Technologies in a research note on Friday, May 8th. They set a “buy” rating and a $7.00 price target on the stock. HC Wainwright restated a “buy” rating and set a $12.00 price target on shares of AirJoule Technologies in a research note on Monday, May 18th. B. Riley Financial began coverage on shares of AirJoule Technologies in a research note on Thursday, April 30th. They set a “buy” rating and a $6.00 price target on the stock. Finally, Weiss Ratings upgraded shares of AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, May 18th.

AirJoule Technologies Stock Down 3.4%

AIRJ opened at $4.56 on Friday. The stock has a market cap of $330.14 million, a price-to-earnings ratio of -4.00 and a beta of 0.88. AirJoule Technologies has a twelve month low of $2.22 and a twelve month high of $6.75. The company’s 50-day moving average price is $4.09 and its two-hundred day moving average price is $3.61.

AirJoule Technologies (NASDAQ:AIRJ) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.68). As a group, sell-side analysts anticipate that AirJoule Technologies will post -0.14 earnings per share for the current year.

Institutional Trading of AirJoule Technologies

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its stake 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 buying an additional 10,011 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of AirJoule Technologies by 36.8% during the 1st quarter. Renaissance Technologies LLC now owns 393,200 shares of the company’s stock valued at $987,000 after buying an additional 105,700 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in AirJoule Technologies during the 1st quarter worth approximately $482,000. Sei Investments Co. bought a new stake in AirJoule Technologies during the 1st quarter worth approximately $77,000. Finally, Bank of New York Mellon Corp increased its holdings in 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 worth $163,000 after acquiring an additional 12,362 shares during the period. 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.