D. Boral Capital Begins Coverage on AirJoule Technologies (NASDAQ:AIRJ)

Analysts at D. Boral Capital initiated coverage on shares of AirJoule Technologies (NASDAQ:AIRJ) in a research note issued to investors on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $8.00 price target on the stock. D. Boral Capital’s target price indicates a potential upside of 102.02% from the stock’s previous close.

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

AirJoule Technologies Stock Performance

Shares of AirJoule Technologies stock opened at $3.96 on Friday. The firm has a market capitalization of $290.47 million, a price-to-earnings ratio of -3.05 and a beta of 0.89. AirJoule Technologies has a fifty-two week low of $2.22 and a fifty-two week high of $6.75. The stock has a 50 day moving average of $4.75 and a 200 day moving average of $4.18.

AirJoule Technologies (NASDAQ:AIRJ) last posted its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.04). Analysts forecast that AirJoule Technologies will post -0.09 EPS for the current year.

Hedge Funds Weigh In On AirJoule Technologies

Several institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership purchased a new stake in AirJoule Technologies during the first quarter worth about $482,000. Corient Private Wealth LLC boosted its stake in shares of AirJoule Technologies by 8.3% in the fourth quarter. Corient Private Wealth LLC now owns 1,788,563 shares of the company’s stock valued at $7,047,000 after purchasing an additional 137,337 shares during the period. State Street Corp boosted its stake in shares of AirJoule Technologies by 26.8% in the second quarter. State Street Corp now owns 552,042 shares of the company’s stock valued at $3,058,000 after purchasing an additional 116,739 shares during the period. Renaissance Technologies LLC grew its holdings in shares of AirJoule Technologies by 36.8% in the first quarter. Renaissance Technologies LLC now owns 393,200 shares of the company’s stock valued at $987,000 after purchasing an additional 105,700 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in shares of AirJoule Technologies in the first quarter valued at approximately $77,000. 63.65% of the stock is owned by institutional investors and hedge funds.

About AirJoule Technologies

AirJoule Technologies Corp. develops atmospheric water harvesting and energy-efficiency technologies. Its proprietary AirJoule technology is designed to extract water vapor from ambient air and produce usable water, while also supporting dehumidification and cooling applications.

The company’s products and systems are intended for use in commercial, industrial, agricultural and other settings where access to water or efficient humidity control is important. AirJoule technologies may be deployed as standalone water-generation systems or integrated into heating, ventilation and air-conditioning infrastructure.

AirJoule Technologies was formerly known as Montana Technologies Corporation.