Brokerages Set AirJoule Technologies Corporation (NASDAQ:AIRJ) PT at $8.25

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $8.25.

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

AirJoule Technologies Stock Performance

AIRJ opened at $4.33 on Wednesday. AirJoule Technologies has a 52-week low of $2.22 and a 52-week high of $6.75. The stock has a market capitalization of $313.50 million, a PE ratio of -3.80 and a beta of 0.83. The stock’s 50 day moving average price is $4.53 and its 200-day moving average price is $3.72.

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). Research analysts forecast that AirJoule Technologies will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On AirJoule Technologies

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in AirJoule Technologies by 63.5% in the first quarter. Bank of America Corp DE now owns 25,779 shares of the company’s stock worth $65,000 after purchasing an additional 10,011 shares during the period. Renaissance Technologies LLC lifted its position in AirJoule Technologies by 36.8% during the first 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 during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of AirJoule Technologies during the 1st quarter valued at $482,000. Sei Investments Co. bought a new stake in shares of AirJoule Technologies during the 1st 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 1st quarter. Bank of New York Mellon Corp now owns 65,113 shares of the company’s stock worth $163,000 after buying an additional 12,362 shares during the period. 63.65% of the stock is currently owned by institutional investors.

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.