FY2029 Earnings Forecast for AIRJ Issued By HC Wainwright

Montana Technologies Co. (NASDAQ:AIRJ) – Stock analysts at HC Wainwright issued their FY2029 earnings estimates for Montana Technologies in a research report issued on Thursday, March 27th. HC Wainwright analyst A. Dayal forecasts that the company will post earnings of $0.10 per share for the year. HC Wainwright has a “Buy” rating and a $12.00 price target on the stock. The consensus estimate for Montana Technologies’ current full-year earnings is $4.97 per share.

Separately, Alliance Global Partners began coverage on shares of Montana Technologies in a report on Monday, February 24th. They set a “buy” rating and a $11.00 price target on the stock.

Montana Technologies Price Performance

Shares of NASDAQ AIRJ opened at $5.01 on Friday. The stock has a market capitalization of $279.77 million, a price-to-earnings ratio of 26.37 and a beta of 0.20. The firm’s 50 day simple moving average is $7.85 and its 200-day simple moving average is $7.45. Montana Technologies has a 12 month low of $4.75 and a 12 month high of $21.78.

Montana Technologies (NASDAQ:AIRJ) last issued its quarterly earnings data on Tuesday, March 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.16).

Hedge Funds Weigh In On Montana Technologies

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in shares of Montana Technologies by 26.3% during the 4th quarter. Geode Capital Management LLC now owns 236,349 shares of the company’s stock worth $1,883,000 after buying an additional 49,244 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in Montana Technologies by 66.1% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 145,324 shares of the company’s stock worth $1,158,000 after acquiring an additional 57,824 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Montana Technologies by 72.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 120,219 shares of the company’s stock worth $958,000 after acquiring an additional 50,486 shares during the period. Marshall Wace LLP acquired a new position in Montana Technologies during the fourth quarter worth $811,000. Finally, HighTower Advisors LLC purchased a new position in Montana Technologies during the third quarter valued at $342,000. Hedge funds and other institutional investors own 63.65% of the company’s stock.

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.