AirJoule Technologies initiated with a Buy at Seaport Research

Seaport Research analyst Jeff Campbell initiated coverage of AirJoule Technologies (AIRJ) with a Buy rating and $7 price target AirJoule is commercializing a unique technology that uses metal organic frameworks to dehumidify air and retain the water it captures, notes the analyst, who believes the company has “a scalable, distributed solution that should be on the radar of sustainability-focused investors” as freshwater stress continues to raise the cost of marginal water supply.