Montana Technologies (NASDAQ:AIRJ) Earns Buy Rating from Analysts at HC Wainwright

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

Montana Technologies Stock Performance

Montana Technologies stock opened at $9.50 on Friday. The stock’s 50 day moving average price is $7.36 and its 200 day moving average price is $8.03. Montana Technologies has a 1-year low of $4.94 and a 1-year high of $49.11.

Institutional Investors Weigh In On Montana Technologies

Institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Montana Technologies in the second quarter valued at about $81,000. Charles Schwab Investment Management Inc. grew 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 worth $404,000 after buying an additional 8,714 shares during the period. HighTower Advisors LLC purchased a new position in Montana Technologies in the third quarter valued at about $342,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of Montana Technologies during the 3rd quarter valued at approximately $508,000. Finally, Geode Capital Management LLC boosted its stake in shares of Montana Technologies by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock worth $1,086,000 after acquiring an additional 4,905 shares in the last quarter. 63.65% of the stock is currently owned by hedge funds and other 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.