AirJoule Technologies (NASDAQ:AIRJ) Releases Earnings Results, Beats Expectations By $0.03 EPS

AirJoule Technologies (NASDAQ:AIRJ) posted its earnings results on Thursday. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03, Zacks reports.

AirJoule Technologies Price Performance

AirJoule Technologies stock traded up $0.18 during mid-day trading on Friday, hitting $4.43. The company’s stock had a trading volume of 135,875 shares, compared to its average volume of 132,287. AirJoule Technologies has a 52-week low of $3.74 and a 52-week high of $11.60. The company has a market cap of $267.75 million, a PE ratio of 8.34 and a beta of 0.45. The firm’s 50 day moving average is $5.04 and its 200 day moving average is $4.72.

Institutional Investors Weigh In On AirJoule Technologies

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in AirJoule Technologies by 8,851.2% in the 4th quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock worth $89,000 after purchasing an additional 11,064 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of AirJoule Technologies by 46.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock valued at $393,000 after buying an additional 26,995 shares in the last quarter. Jane Street Group LLC increased its holdings in AirJoule Technologies by 103.2% in the first quarter. Jane Street Group LLC now owns 29,956 shares of the company’s stock worth $138,000 after buying an additional 15,212 shares during the last quarter. Geode Capital Management LLC raised its position in AirJoule Technologies by 111.1% during the second quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock valued at $2,395,000 after acquiring an additional 272,253 shares in the last quarter. Finally, Creative Planning bought a new position in AirJoule Technologies during the second quarter valued at approximately $441,000. Institutional investors and hedge funds own 63.65% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of AirJoule Technologies in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, AirJoule Technologies has an average rating of “Hold” and a consensus price target of $11.50.

AirJoule Technologies Company Profile

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.