Montana Technologies (NASDAQ:AIRJ) Coverage Initiated by Analysts at Alliance Global Partners

Equities research analysts at Alliance Global Partners initiated coverage on shares of Montana Technologies (NASDAQ:AIRJ) in a report issued on Monday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $11.00 price target on the stock. Alliance Global Partners’ price target suggests a potential upside of 38.02% from the stock’s previous close.

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

Montana Technologies Stock Down 1.8 %

AIRJ opened at $7.97 on Monday. The company has a fifty day moving average price of $8.55 and a two-hundred day moving average price of $7.38. Montana Technologies has a 52 week low of $4.94 and a 52 week high of $49.11.

Institutional Investors Weigh In On Montana Technologies

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC acquired a new position in shares of Montana Technologies in the 4th quarter valued at $85,000. Bank of America Corp DE lifted its holdings in Montana Technologies by 8,851.2% during the fourth quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock worth $89,000 after acquiring an additional 11,064 shares in the last quarter. Heritage Financial Services LLC acquired a new position in Montana Technologies in the fourth quarter valued at about $99,000. Jane Street Group LLC bought a new stake in shares of Montana Technologies in the fourth quarter worth about $117,000. Finally, U.S. Capital Wealth Advisors LLC raised its position in shares of Montana Technologies by 19.4% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company’s stock worth $147,000 after purchasing an additional 3,000 shares during the period. 63.65% of the stock is currently owned by institutional investors and hedge funds.

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.