Montana Technologies (NASDAQ:AIRJ) Now Covered by Analysts at HC Wainwright

Stock analysts at HC Wainwright started coverage on shares of Montana Technologies (NASDAQ:AIRJ) in a research report issued to clients and investors 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 27.25% from the company’s previous close.

Montana Technologies Price Performance

Montana Technologies stock opened at $9.43 on Friday. Montana Technologies has a fifty-two week low of $4.94 and a fifty-two week high of $49.11. The firm’s 50 day simple moving average is $7.28 and its 200-day simple moving average is $8.10.

Institutional Investors Weigh In On Montana Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position 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 buying an additional 4,905 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of Montana Technologies during the third quarter worth approximately $508,000. HighTower Advisors LLC bought a new position in Montana Technologies in the 3rd quarter valued at $342,000. Charles Schwab Investment Management Inc. grew its position 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 buying an additional 8,714 shares during the period. Finally, Quarry LP bought a new stake in shares of Montana Technologies in the 2nd quarter valued at about $81,000. Institutional investors and hedge funds 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.