Montana Technologies (NASDAQ:AIRJ) Coverage Initiated by Analysts at HC Wainwright

HC Wainwright initiated coverage on shares of Montana Technologies (NASDAQ:AIRJ) in a report issued on Friday, MarketBeat reports. The firm issued a buy rating and a $12.00 price objective on the stock.

Montana Technologies Stock Performance

Shares of NASDAQ AIRJ opened at $9.50 on Friday. The firm has a fifty day simple moving average of $7.28 and a two-hundred day simple moving average of $8.10. Montana Technologies has a 12 month low of $4.94 and a 12 month high of $49.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC purchased a new position in shares of Montana Technologies in the 3rd quarter valued at approximately $508,000. HighTower Advisors LLC bought a new position in Montana Technologies in the third quarter worth $342,000. Charles Schwab Investment Management Inc. lifted its position in Montana Technologies by 14.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company’s stock valued at $404,000 after buying an additional 8,714 shares during the period. Quarry LP bought a new stake in shares of Montana Technologies during the 2nd quarter valued at $81,000. Finally, Geode Capital Management LLC grew its position 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 worth $1,086,000 after buying an additional 4,905 shares during the period. 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.