Montana Technologies (AIRJ) Projected to Post Quarterly Earnings on Wednesday

Montana Technologies (NASDAQ:AIRJ) is expected to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter.

Montana Technologies Price Performance

Montana Technologies stock opened at $7.97 on Monday. The firm has a 50 day moving average of $8.55 and a 200 day moving average of $7.38. Montana Technologies has a 12-month low of $4.94 and a 12-month high of $49.11.

Institutional Trading of Montana Technologies

A hedge fund recently raised its stake in Montana Technologies stock. Bank of America Corp DE raised its stake in Montana Technologies Co. (NASDAQ:AIRJ) by 8,851.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,189 shares of the company’s stock after purchasing an additional 11,064 shares during the period. Bank of America Corp DE’s holdings in Montana Technologies were worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 63.65% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright assumed coverage on shares of Montana Technologies in a report on Friday, December 20th. They set a “buy” rating and a $12.00 price objective for the company.

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.