AirJoule Technologies (NASDAQ:AIRJ) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

AirJoule Technologies (NASDAQ:AIRJ) announced its quarterly earnings data on Thursday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04), FiscalAI reports.

AirJoule Technologies Trading Down 4.8%

AirJoule Technologies stock opened at $6.02 on Friday. The stock has a market capitalization of $435.78 million, a price-to-earnings ratio of -5.26 and a beta of 0.86. The stock has a 50 day moving average of $4.71 and a two-hundred day moving average of $3.87. AirJoule Technologies has a twelve month low of $2.22 and a twelve month high of $6.75.

Wall Street Analysts Forecast Growth

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

Institutional Trading of AirJoule Technologies

Hedge funds have recently modified their holdings of the business. Vident Advisory LLC purchased a new stake in shares of AirJoule Technologies in the fourth quarter valued at $1,849,000. Geode Capital Management LLC increased its position in shares of AirJoule Technologies by 111.1% in the second quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock worth $2,395,000 after acquiring an additional 272,253 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of AirJoule Technologies by 417.1% during the fourth quarter. Renaissance Technologies LLC now owns 287,500 shares of the company’s stock worth $1,133,000 after purchasing an additional 231,900 shares in the last quarter. Marshall Wace LLP boosted its stake in AirJoule Technologies by 160.9% during the 4th quarter. Marshall Wace LLP now owns 314,948 shares of the company’s stock valued at $1,241,000 after acquiring an additional 194,212 shares during the last quarter. Finally, GWN Securities Inc. acquired a new position in shares of AirJoule Technologies in the 4th quarter valued at about $604,000. 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.