AirJoule Technologies Corporation (AIRJ) Stock Price & Analysis
AirJoule Technologies Corporation (AIRJ) closed at USD 2.94 on Thursday, October 22, 2026, down 3.92% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 3.06; the Oct 22, 2026 session ranged USD 2.91–3.05 on volume of 794,470 shares. Market capitalization is $215.64M, with a 52-week range of USD 2.22–6.65 (NCM). Source: Nexqual, retrieved October 23, 2026 at 09:54 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AIRJ.md
Key facts (AIRJ)
- 1 of 80 tracked superinvestors hold AIRJ (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $187K; 1 not under a Rule 10b5-1 plan ($34K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.14 on a 1–5 scale) (7 analysts), mean target USD 9.29 (range 8–12).
- Total return with dividends: 1Y -44.3% vs S&P 500 +14.9%; 5Y -70.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-12, EPS estimate USD -0.07, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AIRJ)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Operating income | -$1.3M | -$11.4M | -$65.9M | -$13.6M | -$14.0M |
| Net income | $2.0M | -$11.4M | $216M | -$9.0M | -$84.8M |
| Free cash flow | — | -$5.2M | -$24.3M | -$5.7M | -$7.3M |
| Cash + short-term investments | $1.3M | $59K | $28.0M | $21.8M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (AIRJ)
P/B 0.9x · FCF yield -3.37% · Earnings yield -39.32%
Superinvestors (SEC 13F-HR, Q2 2026) (AIRJ)
1 of 80 tracked investors hold AIRJ. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.01% | $1.3M | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (AIRJ)
1 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-15 | Jore Matthew B | Chief Executive Officer | 50,000 | $153K | 0.6% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-08…2026-06-09 | Macdonald Chad | Chief Legal Officer | 7,307 | $34K | 14.2% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (AIRJ)
Consensus Buy (mean 2.14 on a 1–5 scale), 7 analysts; mean target USD 9.29 (low 8, high 12).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-31 | Needham | Initiated | Hold | |
| 2026-08-17 | B. Riley Securities | Target raised | Buy | $6 → $8 |
Total return (dividends reinvested) (AIRJ)
| 1Y (from 2025-10-23) | 5Y (from 2022-01-31) | |
|---|---|---|
| Total return | -44.3% | -70.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -44.4% | -22.6% |
| Volatility (annualized) | 84.8% | 55.2% |
| Max drawdown | -54.1% (Aug 2026→Oct 2026) | -81.0% (May 2024→Mar 2026) |
AIRJ suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | GE Vernova (GEV) | “"A&R Joint Venture Agreement" are to the Second Amended and Restated Joint Venture Agreement for the AirJoule JV, entered into on April 25, 2025 between us and GE Vernova;” |
| Partner | CATL | “"CAMT" are to CAMT Climate Solutions, a limited liability company organized under the laws of Hong Kong pursuant to a joint venture entered into on October 27, 2021 between us and CATL; we and CATL both own 50% of CAMT's issued and outstanding shares;” |
| Partner | CATL US | “"CATL Joint Venture Agreement" are to the Amended and Restated Joint Venture Agreement for CAMT, entered into on September 29, 2023 between us and CATL US;” |
| Partner | CARRIER GLOBAL Corp (CARR) | “We are commercializing and scaling manufacturing of our AirJoule systems through our global collaborations, including our 50/50 joint venture with GE Vernova Inc. (NYSE: GEV) and our commercial partnerships with Carrier Global Corporation (NYSE: CARR) and TenX Investment in Energy Enterprises & Management Co. We believe that deploying AirJoule systems worldwide will unleash the power of water from air and help to …” |
| Partner | CAMT Climate Solutions | “"CAMT" are to CAMT Climate Solutions, a limited liability company organized under the laws of Hong Kong pursuant to a joint venture entered into on October 27, 2021 between us and CATL; we and CATL both own 50% of CAMT's issued and outstanding shares;” |
| Partner | DuPont (DD) | “Additionally, the AirJoule JV leases laboratory space at The Innovation Space in Wilmington's DuPont Experimental Station for coating formulation research, as well as a 12,000 square-foot facility in Schenectady, New York for research and development activities and to support ongoing collaboration efforts with GE Vernova's Advanced Research Center.” |
| Competitor | Alphabet (Google) (GOOGL) | “In September 2025, we were selected as one of three winners, from more than seventy applicants, of the Net Zero Innovation Hub for Data Centers competition, a technology acceleration program backed by Google, Microsoft, Data4, Vertiv, Schneider Electric and Danfoss.” |
| Competitor | Microsoft (MSFT) | “In September 2025, we were selected as one of three winners, from more than seventy applicants, of the Net Zero Innovation Hub for Data Centers competition, a technology acceleration program backed by Google, Microsoft, Data4, Vertiv, Schneider Electric and Danfoss.” |
| Competitor | Vertiv (VRT) | “In September 2025, we were selected as one of three winners, from more than seventy applicants, of the Net Zero Innovation Hub for Data Centers competition, a technology acceleration program backed by Google, Microsoft, Data4, Vertiv, Schneider Electric and Danfoss.” |
Quoted from the company's 10-K filed Mar 31, 2026.
AIRJ company outlook (results filed Aug 13, 2026)
- “Quarterly Report on Form 10-Q AirJoule Technologies' condensed consolidated financial statements and related footnotes are available in its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026, which is expected to be filed with the Securities and Exchange Commission ("SEC") on August 14, 2026.”
Quoted word-for-word from the SEC 8-K results press release.
AIRJ analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.07 | $-0.07 | +5.0% | $0 | 5 |
| Next quarter (ends Dec 2026) | $-0.07 | $-0.06 | +10.5% | $100,000 | 5 |
| Current fiscal year (ends Dec 2026) | $-0.74 | $-0.25 | +192.1% | $183,330 | 3 |
| Next fiscal year (ends Dec 2027) | $-0.28 | $-0.30 | -6.3% | $3.9M | 5 |
AIRJ options: expected move
Options price a move of about ±27.5% (±$0.83) by Nov 20, 2026, which includes earnings on Nov 12, 2026. Over the last 8 reports the stock moved ±9.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 123.4% | ±27.5% |
| Dec 18, 2026 | 56 | 240.7% | ±72.5% |
| Feb 19, 2027 | 119 | 112.3% | ±50.0% |
| May 21, 2027 | 210 | 168.6% | ±93.3% |
30-day implied volatility 130.3% vs 42.7% realized over the last 30 trading days. Put/call ratio (volume) 0.01. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:54 UTC)
| Price | USD 2.94 |
|---|---|
| Change | ▼ 3.92% (down) |
| Previous Close | USD 3.06 |
| Open | USD 2.99 |
| Day Range | USD 2.91 – 3.05 |
| 52-Week Range | USD 2.22 – 6.65 |
| Volume | 794,470 shares |
| Market Cap | $215.64M |
| Exchange | NCM |
Technical Analysis (AIRJ)
Nexqual's technical model rates AIRJ "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:54 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 15.48 (oversold) |
| vs SMA50 | Below (USD 4.23) |
| MACD | -0.35 (negative) |
Analyst Ratings (AIRJ)
Wall Street analysts rate AIRJ "Buy" based on 7 analysts, with a mean price target of USD 9.29 (range USD 8–12), per Nexqual as of October 23, 2026 at 09:54 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 7 |
| Mean Target | USD 9.29 |
| High Target | USD 12 |
| Low Target | USD 8 |
| Buy / Hold / Sell | 6 / 1 / 0 |
Earnings (AIRJ)
| Next Earnings Date | 2026-11-12 |
|---|---|
| EPS Estimate | USD -0.07 |
| Revenue Estimate | $0 |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.03 vs est -0.07 ▲ beat |
| 2026-03-31 | USD -0.76 vs est -0.06 ▼ miss |
| 2025-12-31 | USD -0.38 vs est -0.07 ▼ miss |
| 2025-09-30 | USD -0.1 vs est -0.09 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:54 UTC.
Financials & Fundamentals (AIRJ)
| Gross Margin | +0.00% |
|---|---|
| Operating Margin | +0.00% |
| Profit Margin | +0.00% |
| ROE | -31.57% |
| Debt / Equity | 0 |
| Current Ratio | 19.7 |
| Total Cash | $41.39M |
| Total Debt | $107,113 |
Source: Nexqual, October 23, 2026 at 09:54 UTC.
Financial Health Score (AIRJ)
Nexqual rates AirJoule Technologies Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:54 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Weak — Pre-revenue or very early stage |
| Balance Sheet | Strong — $41M cash, no debt |
| Cash Flow | Weak — Operating cash flow -$6M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE -32%, ROA -2.6% |
Ownership (AIRJ)
| Insider Ownership | +47.85% |
|---|---|
| Institutional Ownership | +23.88% |
| Shares Outstanding | 73.35M |
| Float | 37.68M |
| Short % of Float | +15.01% |
Source: Nexqual, October 23, 2026 at 09:54 UTC.
Leadership (AIRJ)
AirJoule Technologies Corporation is led by Matthew B. Jore, CEO & Director, per Nexqual as of October 23, 2026 at 09:54 UTC.
| CEO & Director | Matthew B. Jore |
|---|---|
| Executive Chairman | Patrick C. Eilers |
| Chief Financial Officer | Sze-Yin H. Pang C.F.A. |
| Vice President of Operations | J. J. Jenks |
| President of International | Ramdas Rao |
Major Backers & Investors (AIRJ)
Notable institutional backers of AirJoule Technologies Corporation include Pennant Select, LLC , Corient Private Wealth LP, Savant Capital LLC, according to Nexqual as of October 23, 2026 at 09:54 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Pennant Select, LLC | 3.11% |
| Corient Private Wealth LP | 2.13% |
| Savant Capital LLC | 2.05% |
| Fidelity | 0.87% |
| AQR Capital Management, LLC | 0.8% |
| Davidson Kempner Capital Management LP | 0.67% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 2.92% |
| Vanguard Group | 1.89% |
| Geode Capital | 1.21% |
| State Street | 0.75% |
Source: Nexqual, October 23, 2026 at 09:54 UTC.
From AirJoule Technologies Corporation's Latest SEC 10-K Filing (filed 2026-03-31)
Key Strengths & Strategy (as disclosed to the SEC)
- In November 2024, to better align our name with our business operations and proprietary technology, we changed our name from Montana Technologies Corporation to AirJoule Technologies Corporation, and our wholly-owned subsidiary changed its name from Montana Technologies LLC to AirJoule Technologies LLC ("AirJoule" or "the Company").
- Our proprietary pressure swing system integrates adsorption and desorption functions, so the heat of adsorption can be used to assist desorption under vacuum, eliminating or reducing the need for additional energy.
- During 2024 and 2025, BASF produced our proprietary MOF for our AirJoule systems pursuant to the terms of the Joint Development Agreement, which expired on September 27, 2025.
- As we scale up our operations ahead of full-scale commercialization, we are evaluating additional and alternate global suppliers of our proprietary MOF, and we anticipate our needs for MOF for our AirJoule systems may be fulfilled through a combination of global suppliers.
Partnerships
- We expect to continue with larger-scale field deployments and commence commercial sales of AirJoule systems in 2026, and we anticipate that our partnerships, including our joint venture with GE Vernova and our exclusive distribution agreement with TenX Investment in the Middle East, will enable us to scale production to meet customer demand.
- Through our partnership with Carrier, they have an exclusive right to commercialize our AirJoule for HVAC applications in the Americas for three years after the date of commercialization, and we are positioned to be a tier-1 supplier of coated contactors to Carrier as part of this HVAC integration.
Legal & Regulatory Risks (Item 1A, quoted)
- Any of these risk factors could have a material adverse effect on our business.
- Our business could be adversely affected by trade wars, trade tariffs or other trade barriers and related government actions.
- Our failure to comply with applicable anti-corruption, anti-bribery, anti-money laundering, antitrust, foreign investment and similar laws and regulations could negatively impact our reputation and results of operations.
- Our past and potential future transactions with foreign-based commercial partners and investors may be subject to review by the Committee on Foreign Investment in the United States ("CFIUS"). CFIUS actions, including potentially imposing restrictions or conditions on these transactions, or forcing us to terminate these transactions, could adversely impact our business and operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| LMB | Limbach Holdings, Inc. | USD 47.55 | ▼ 1.63% |
| JBI | Janus International Group, Inc. | USD 4.52 | ▲ 5.85% |
| SWIM | Latham Group, Inc. | USD 6.54 | ▲ 3.65% |
| NPKI | NPK International Inc. | USD 10.76 | ▼ 2.98% |
| APOG | Apogee Enterprises, Inc. | USD 44.29 | ▲ 1.4% |
| NX | Quanex Building Products Corpor | USD 20.65 | ▲ 3.56% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:54 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt