Montana Technologies (AIRJ) Projected to Post Quarterly Earnings on Wednesday

Montana Technologies (NASDAQ:AIRJ) is projected to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter.

Montana Technologies Stock Performance

Shares of NASDAQ:AIRJ opened at $7.97 on Monday. The firm has a 50 day moving average of $8.55 and a 200-day moving average of $7.38. Montana Technologies has a 12 month low of $4.94 and a 12 month high of $49.11.

Wall Street Analyst Weigh In

Separately, HC Wainwright initiated coverage on shares of Montana Technologies in a research report on Friday, December 20th. They set a “buy” rating and a $12.00 price objective for the company.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Montana Technologies stock. Bank of America Corp DE lifted its position in shares of Montana Technologies Co. (NASDAQ:AIRJ) by 8,851.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,189 shares of the company’s stock after purchasing an additional 11,064 shares during the period. Bank of America Corp DE’s holdings in Montana Technologies were worth $89,000 at the end of the most recent quarter. 63.65% of the stock is currently owned by hedge funds and other institutional investors.

Montana 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.