Montana Technologies’ (AIRJ) “Buy” Rating Reaffirmed at HC Wainwright

Montana Technologies (NASDAQ:AIRJ)‘s stock had its “buy” rating reaffirmed by equities researchers at HC Wainwright in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $12.00 price target on the stock. HC Wainwright’s target price indicates a potential upside of 126.84% from the stock’s current price.

Separately, Alliance Global Partners initiated coverage on Montana Technologies in a research note on Monday, February 24th. They set a “buy” rating and a $11.00 price objective on the stock.

Montana Technologies Trading Down 26.7 %

Shares of AIRJ opened at $5.29 on Thursday. The firm’s 50-day simple moving average is $7.92 and its 200 day simple moving average is $7.47. Montana Technologies has a 52 week low of $4.94 and a 52 week high of $21.78.

Montana Technologies (NASDAQ:AIRJ) last posted its earnings results on Tuesday, March 25th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.16). On average, equities analysts forecast that Montana Technologies will post 4.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Montana Technologies

A number of large investors have recently bought and sold shares of AIRJ. Charles Schwab Investment Management Inc. lifted its holdings in shares of Montana Technologies by 14.3% during the 3rd 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 period. HighTower Advisors LLC bought a new position in Montana Technologies in the third quarter valued at approximately $342,000. Kovitz Investment Group Partners LLC acquired a new position in Montana Technologies during the third quarter valued at approximately $508,000. Geode Capital Management LLC lifted its stake in Montana Technologies by 2.7% during the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock worth $1,086,000 after purchasing an additional 4,905 shares during the last quarter. Finally, Heritage Financial Services LLC acquired a new stake in shares of Montana Technologies in the 4th quarter valued at $99,000. 63.65% of the stock is currently owned by institutional investors and hedge funds.

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.