AirJoule Technologies (NASDAQ:AIRJ) Research Coverage Started at D. Boral Capital

D. Boral Capital began coverage on shares of AirJoule Technologies (NASDAQ:AIRJ) in a research note released on Friday morning, Marketbeat reports. The brokerage issued a buy rating and a $8.00 price objective on the stock.

Other analysts have also recently issued reports about the stock. B. Riley Financial lifted their target price on shares of AirJoule Technologies from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Weiss Ratings restated a “sell (d)” rating on shares of AirJoule Technologies in a research note on Thursday, August 13th. UBS Group set a $10.00 price target on shares of AirJoule Technologies in a report on Monday, August 17th. Finally, Needham & Company LLC assumed coverage on shares of AirJoule Technologies in a research note on Monday, August 31st. They set a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $9.20.

AirJoule Technologies Stock Performance

AirJoule Technologies stock opened at $3.92 on Friday. The stock has a 50-day moving average of $4.74 and a two-hundred day moving average of $4.19. AirJoule Technologies has a one year low of $2.22 and a one year high of $6.75. The stock has a market cap of $287.53 million, a PE ratio of -3.02 and a beta of 0.89.

AirJoule Technologies (NASDAQ:AIRJ) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.04). As a group, sell-side analysts predict that AirJoule Technologies will post -0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new stake in AirJoule Technologies in the first quarter valued at approximately $482,000. Renaissance Technologies LLC raised its position in AirJoule Technologies by 36.8% during the 1st quarter. Renaissance Technologies LLC now owns 393,200 shares of the company’s stock worth $987,000 after buying an additional 105,700 shares during the last quarter. Corient Private Wealth LLC raised its position in AirJoule Technologies by 8.3% during the 4th quarter. Corient Private Wealth LLC now owns 1,788,563 shares of the company’s stock worth $7,047,000 after buying an additional 137,337 shares during the last quarter. State Street Corp lifted its stake in AirJoule Technologies by 26.8% during the 2nd quarter. State Street Corp now owns 552,042 shares of the company’s stock valued at $3,058,000 after acquiring an additional 116,739 shares during the period. Finally, Operose Advisors LLC acquired a new stake in AirJoule Technologies during the 2nd quarter valued at approximately $100,000. 63.65% of the stock is currently owned by hedge funds and other institutional investors.

AirJoule Technologies Company Profile

AirJoule Technologies Corp. (NASDAQ:AIRJ) develops technologies that extract water vapor from the atmosphere. Its platform is designed to capture moisture from ambient air and convert it into usable water, including potable water and water for commercial or industrial applications.

The company’s technology is based on advanced sorbent materials that selectively absorb water vapor. AirJoule also aims to support energy-efficient humidity control and dehumidification, with potential applications in buildings, industrial facilities, agriculture, data centers and other settings where water recovery or climate control is important.

AirJoule Technologies was formerly known as Montana Technologies Corporation and became a publicly traded company through a business combination.