B. Riley Financial Begins Coverage on AirJoule Technologies (NASDAQ:AIRJ)

Research analysts at B. Riley Financial began coverage on shares of AirJoule Technologies (NASDAQ:AIRJ) in a note issued to investors on Thursday, Marketbeat reports. The firm set a “buy” rating and a $6.00 price target on the stock. B. Riley Financial’s target price points to a potential upside of 91.08% from the company’s previous close.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.

AirJoule Technologies Stock Up 1.9%

AIRJ opened at $3.14 on Thursday. The stock has a fifty day moving average of $3.13 and a 200-day moving average of $3.65. The firm has a market capitalization of $214.93 million, a P/E ratio of -22.43 and a beta of 0.72. AirJoule Technologies has a 12-month low of $2.22 and a 12-month high of $6.75.

AirJoule Technologies (NASDAQ:AIRJ) last released its earnings results on Monday, March 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.28). On average, analysts expect that AirJoule Technologies will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AirJoule Technologies

Hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in AirJoule Technologies in the second quarter worth approximately $31,000. Group One Trading LLC acquired a new position in AirJoule Technologies in the second quarter worth approximately $42,000. Invesco Ltd. acquired a new position in AirJoule Technologies during the second quarter worth $50,000. Bank of America Corp DE increased its position in AirJoule Technologies by 8,851.2% during the fourth quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock worth $89,000 after buying an additional 11,064 shares during the last quarter. Finally, Fagan Associates Inc. acquired a new position in AirJoule Technologies during the fourth quarter worth $46,000. Institutional investors and hedge funds own 63.65% of the company’s stock.

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.