HC Wainwright Begins Coverage on Montana Technologies (NASDAQ:AIRJ)

Analysts at HC Wainwright began coverage on shares of Montana Technologies (NASDAQ:AIRJ) in a research note issued on Friday, MarketBeat reports. The brokerage set a “buy” rating and a $12.00 price target on the stock. HC Wainwright’s price target indicates a potential upside of 26.32% from the stock’s current price.

Montana Technologies Price Performance

NASDAQ:AIRJ opened at $9.50 on Friday. Montana Technologies has a 1 year low of $4.94 and a 1 year high of $49.11. The stock has a 50-day moving average price of $7.36 and a two-hundred day moving average price of $8.07.

Institutional Trading of Montana Technologies

Several hedge funds have recently bought and sold shares of AIRJ. Kovitz Investment Group Partners LLC bought a new stake in shares of Montana Technologies during the third quarter worth $508,000. HighTower Advisors LLC bought a new position in Montana Technologies during the 3rd quarter worth about $342,000. Charles Schwab Investment Management Inc. increased its holdings in 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 purchasing an additional 8,714 shares in the last quarter. Quarry LP acquired a new stake in shares of Montana Technologies in the 2nd quarter valued at about $81,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Montana Technologies by 2.7% in the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock valued at $1,086,000 after purchasing an additional 4,905 shares in the last quarter. 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.