AirJoule Technologies initiated with a Buy at Lucid Capital

Lucid Capital initiated coverage of AirJoule Technologies (AIRJ) with a Buy rating and $7 price target The firm says the company’s atmospheric harvesting technology is backed by “significant” intellectual property and is being developed in partnership with GE Vernova (GEV). AirJoule is well positioned to start generating its first revenues in the second half of 2026, “with substantial multiyear growth thereafter,” the analyst tells investors in a research note. Lucid points out that AirJoule’s A250 and A1000 systems use “otherwise-worthless” low-grade waste heat from data centers to generate pure distilled water from the air – even in drier climates like the Middle East.