AirJoule Technologies initiated with a Buy at B. Riley

B. Riley analyst Ryan Pfingst initiated coverage of AirJoule Technologies (AIRJ) with a Buy rating and $6 price target AirJoule is advancing its proprietary MOF-based air-to-water and dehumidification technology through a GE Vernova (GEV) joint venture and partnerships with Carrier and TenX Investment, targeting industrial applications such as data centers where waste heat can be leveraged, with early deployments underway and commercialization expected later this year despite revenue being largely longer-dated and catalysts tied to regulatory approvals and partner integration progress, the analyst tells investors in a research note.