Amit Dayal, an analyst from H.C. Wainwright, maintained the Buy rating on Montana Technologies (AIRJ – Research Report). The associated price target is $12.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Amit Dayal has given his Buy rating due to a combination of factors that suggest a promising outlook for Montana Technologies. The company has demonstrated a significant advancement in system performance, achieving 160 watt-hours per liter using low-grade waste heat, which positions it favorably against traditional systems. This technological edge, coupled with ongoing demonstrations and pilot projects, particularly in Dubai and with data center operators, indicates readiness for commercial deployment by the second half of 2025.
Moreover, the AirJoule system’s potential to reduce energy consumption by up to 75% compared to conventional HVAC systems, along with its applications in cooling and water harvesting, presents a substantial opportunity in the global market. Financially, Montana Technologies is well-positioned with a cash balance of $28 million and an additional $30 million available through an equity line, ensuring sufficient liquidity to support its operations and commercial activities. These factors, along with expected near-term catalysts from pilot demonstrations, underpin Dayal’s positive outlook and Buy rating for the stock.
In another report released yesterday, Alliance Global Partners also reiterated a Buy rating on the stock with a $11.00 price target.
AIRJ’s price has also changed moderately for the past six months – from $5.980 to $5.290, which is a -11.54% drop .