Montana Technologies (NASDAQ:AIRJ) Earns Buy Rating from Analysts at Alliance Global Partners

Research analysts at Alliance Global Partners initiated coverage on shares of Montana Technologies (NASDAQ:AIRJ) in a research note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $11.00 price target on the stock. Alliance Global Partners’ price objective points to a potential upside of 38.02% from the stock’s current price.

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

Montana Technologies Stock Down 1.8 %

NASDAQ AIRJ opened at $7.97 on Monday. Montana Technologies has a 1-year low of $4.94 and a 1-year high of $49.11. The company has a 50 day moving average of $8.55 and a 200-day moving average of $7.38.

Hedge Funds Weigh In On Montana Technologies

A number of institutional investors have recently modified their holdings of the stock. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Montana Technologies by 19.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company’s stock valued at $147,000 after purchasing an additional 3,000 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Montana Technologies by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock valued at $1,086,000 after buying an additional 4,905 shares during the period. Northern Trust Corp increased its stake in shares of Montana Technologies by 24.9% in the 4th quarter. Northern Trust Corp now owns 35,858 shares of the company’s stock valued at $286,000 after buying an additional 7,150 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Montana Technologies by 14.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company’s stock worth $404,000 after acquiring an additional 8,714 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Montana Technologies during the fourth quarter valued at $85,000. 63.65% of the stock is owned by institutional investors.

About Montana 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.