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

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

AirJoule Technologies Price Performance

AIRJ stock opened at $6.04 on Friday. The company has a market capitalization of $437.30 million, a PE ratio of -4.65 and a beta of 0.86. AirJoule Technologies has a 12 month low of $2.22 and a 12 month high of $6.75. The firm’s 50-day moving average is $4.74 and its 200 day moving average is $3.89.

Wall Street Analysts Forecast Growth

AIRJ has been the subject of a number of recent research reports. B. Riley Financial began coverage on AirJoule Technologies in a report on Thursday, April 30th. They issued a “buy” rating and a $6.00 target price for the company. Weiss Ratings raised shares of AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. Seaport Research Partners assumed coverage on shares of AirJoule Technologies in a report on Friday, May 8th. They set a “buy” rating and a $7.00 price target on the stock. Finally, HC Wainwright reiterated a “buy” rating and set a $12.00 price target on shares of AirJoule Technologies in a report on Monday, May 18th. 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’s stock. According to MarketBeat, AirJoule Technologies has a consensus rating of “Moderate Buy” and an average price target of $8.25.

AirJoule Technologies News Roundup

Here are the key news stories impacting AirJoule Technologies this week:

• Positive Sentiment: Kubota sales agreement: Kubota will serve as AirJoule’s exclusive sales channel for multi-unit residential developments in Texas and California. Two AirJoule Core systems are scheduled for deployment near Corpus Christi and Irvine beginning in the third quarter, providing a potentially important route to commercial revenue. AirJoule targets 2,000 liters per day as 2026 cash spend rises to $27M-$28M, backed by Kubota channel deal
• Positive Sentiment: Commercialization milestones: The company commissioned its first full-scale AirJoule Prime system and is targeting production of up to 2,000 liters of water per day using low-grade waste heat. It expects to ship the system to Europe for a data-center demonstration and is deploying Core systems in the UAE, including at Expo City Dubai. AirJoule Technologies Announces Second Quarter 2026 Results and Provides Business Update
• Positive Sentiment: Data-center and strategic validation: AirJoule completed an acceleration program involving companies including Google, Microsoft, Schneider Electric and Vertiv. An AirJoule Core system is also operating at GE Vernova’s research campus, supporting the company’s efforts to address data-center water and energy constraints. AirJoule Technologies Corporation Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Liquidity remains adequate: AirJoule ended the quarter with $41.4 million in cash, and management says available liquidity can fund operations and planned deployments into 2028. However, the company is still an early-stage commercialization business without established large-scale revenue.
• Negative Sentiment: Quarterly loss and increased spending: Second-quarter EPS was a loss of $0.12, below the $0.08 loss analysts expected. Net loss reached $8.5 million, while 2026 combined cash spending is now projected at $27 million-$28 million, up from approximately $25 million, reflecting higher commercialization costs. AirJoule quarterly earnings results

Hedge Funds Weigh In On AirJoule Technologies

A number of hedge funds have recently added to or reduced their stakes in AIRJ. Raymond James Financial Inc. purchased a new position in shares of AirJoule Technologies during the second quarter worth approximately $31,000. Group One Trading LLC bought a new position in AirJoule Technologies in the second quarter worth approximately $42,000. Invesco Ltd. bought a new position in AirJoule Technologies in the second quarter worth approximately $50,000. Bank of America Corp DE increased its holdings in AirJoule Technologies by 8,851.2% during 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 period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in AirJoule Technologies during the 2nd quarter worth $54,000. 63.65% of the stock is currently owned by institutional investors.

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.