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

Stock analysts at HC Wainwright began coverage on shares of Montana Technologies (NASDAQ:AIRJ) in a research note issued to investors on Friday, Marketbeat.com reports. The firm set a “buy” rating and a $12.00 price target on the stock. HC Wainwright’s target price points to a potential upside of 26.32% from the company’s current price.

Montana Technologies Price Performance

Shares of NASDAQ:AIRJ opened at $9.50 on Friday. The company’s 50-day moving average price is $7.36 and its two-hundred day moving average price is $8.07. Montana Technologies has a one year low of $4.94 and a one year high of $49.11.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised 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 purchasing an additional 4,905 shares in the last quarter. Quarry LP acquired a new position in Montana Technologies during the second quarter worth $81,000. Charles Schwab Investment Management Inc. raised 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 acquiring an additional 8,714 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Montana Technologies in the third quarter valued at $342,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Montana Technologies in the 3rd quarter valued at about $508,000. 63.65% of the stock is currently owned by institutional investors.

Montana Technologies Company Profile

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.