AirJoule Technologies (NASDAQ:AIRJ) Shares Up 20.1% – What’s Next?

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) were up 20.1% during trading on Monday . The stock traded as high as $5.16 and last traded at $5.08. 2,330,674 shares were traded during trading, an increase of 151% from the average daily volume of 927,604 shares. The stock had previously closed at $4.23.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AIRJ shares. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price target on shares of AirJoule Technologies in a report on Monday, May 18th. Seaport Research Partners started coverage on shares of AirJoule Technologies in a research note on Friday, May 8th. They issued a “buy” rating and a $7.00 target price for the company. Weiss Ratings raised shares of AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 18th. Finally, B. Riley Financial assumed coverage on shares of AirJoule Technologies in a research report on Thursday, April 30th. They issued a “buy” rating and a $6.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $8.25.

AirJoule Technologies Stock Performance

The company has a market cap of $430.78 million, a price-to-earnings ratio of -5.22 and a beta of 0.86. The firm’s 50-day moving average price is $4.59 and its 200 day moving average price is $3.74.

AirJoule Technologies (NASDAQ:AIRJ) last announced its quarterly earnings data 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). As a group, equities research analysts predict that AirJoule Technologies Corporation will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On AirJoule Technologies

A number of institutional investors have recently made changes to their positions in AIRJ. Bank of America Corp DE lifted 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 valued at $65,000 after buying an additional 10,011 shares during the period. Renaissance Technologies LLC grew its position 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 worth $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 in the 1st quarter valued at about $482,000. Sei Investments Co. bought a new stake in shares of AirJoule Technologies in the 1st quarter valued at about $77,000. Finally, Bank of New York Mellon Corp raised 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 valued at $163,000 after acquiring an additional 12,362 shares during the period. 63.65% of the stock is owned by institutional investors and hedge funds.

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.