Montana Technologies (NASDAQ:AIRJ) Shares Gap Up – What’s Next?

Montana Technologies Co. (NASDAQ:AIRJ) gapped up before the market opened on Monday . The stock had previously closed at $8.43, but opened at $8.97. Montana Technologies shares last traded at $9.10, with a volume of 9,566 shares changing hands.

Analysts Set New Price Targets

Separately, HC Wainwright assumed coverage on shares of Montana Technologies in a report on Friday, December 20th. They set a “buy” rating and a $12.00 price objective on the stock.

Montana Technologies Trading Up 7.0 %

The company’s fifty day simple moving average is $7.90 and its 200 day simple moving average is $7.91.

Institutional Investors Weigh In On Montana Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Montana Technologies in the second quarter worth about $81,000. HighTower Advisors LLC purchased a new stake in Montana Technologies in the third quarter valued at approximately $342,000. Charles Schwab Investment Management Inc. raised its stake in Montana Technologies by 14.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company’s stock valued at $404,000 after purchasing an additional 8,714 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Montana Technologies in the third quarter valued at approximately $508,000. Finally, Geode Capital Management LLC raised its stake in Montana Technologies by 2.7% in the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock valued at $1,086,000 after purchasing an additional 4,905 shares in the last quarter. 63.65% of the stock is owned by hedge funds and other institutional investors.

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.