(AIRJ) Montana Technologies - Overview
Stock: Atmospheric Water, Cooling Systems, Energy Harvesting, Dehumidification
| Risk 5d forecast | |
|---|---|
| Volatility | 112% |
| Relative Tail Risk | -15.4% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.84 |
| Alpha | -78.15 |
| Character TTM | |
|---|---|
| Beta | 1.144 |
| Beta Downside | 0.722 |
| Drawdowns 3y | |
|---|---|
| Max DD | 90.50% |
| CAGR/Max DD | -0.35 |
Description: AIRJ Montana Technologies December 29, 2025
AirJoule Technologies Corporation (NASDAQ:AIRJ) develops and commercializes atmospheric renewable-energy and water-harvesting systems that convert ambient humidity into electricity, dehumidified air, and potable water. Founded in 2018 and based in Ronan, Montana, the firm markets “AirJoule” technology for applications ranging from evaporative cooling and moisture control to stand-alone water-from-air generators.
Key industry drivers include rising global water scarcity-projected to affect 40 % of the world’s population by 2030-and accelerating demand for off-grid renewable power, especially in remote or disaster-prone regions. As of Q2 2024, AirJoule reported a pilot-scale plant capable of producing ~2,500 gallons of water per day and generating 5 kW of electricity, suggesting a potential unit-level revenue runway of $1–2 million if scaled to commercial volumes. The company’s recent $12 million Series A financing (announced August 2024) reflects growing investor interest in climate-resilient infrastructure, though the path to profitability remains contingent on scaling manufacturing and securing long-term contracts. For a deeper quantitative view of AIRJ’s valuation metrics, see the ValueRay analysis.
Piotroski VR‑10 (Strict, 0-10) 0.0
| Net Income: -926.8k TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA 3.97 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.02 > 3% & CFO -6.74m > Net Income -926.8k |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 14.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (60.5m) vs 12m ago 14.96% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.03% > 50% (prev 0.0%; Δ 0.03% > 0%) |
| Interest Coverage Ratio: -1.52 > 6 (EBITDA TTM -24.9m / Interest Expense TTM -16.4m) |
Altman Z'' 4.44
| A: 0.07 (Total Current Assets 27.9m - Total Current Liabilities 1.97m) / Total Assets 372.7m |
| B: 0.57 (Retained Earnings 211.9m / Total Assets 372.7m) |
| C: -0.07 (EBIT TTM -24.9m / Avg Total Assets 373.6m) |
| D: 2.45 (Book Value of Equity 211.9m / Total Liabilities 86.4m) |
| Altman-Z'' Score: 4.44 = AA |
What is the price of AIRJ shares?
Over the past week, the price has changed by +0.31%, over one month by -24.18%, over three months by -32.29% and over the past year by -61.96%.
Is AIRJ a buy, sell or hold?
- StrongBuy: 1
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the AIRJ price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 8.9 | 176.8% |
| Analysts Target Price | 8.9 | 176.8% |
| ValueRay Target Price | 2.6 | -18.6% |
AIRJ Fundamental Data Overview February 05, 2026
P/B = 0.7536
Revenue TTM = 124.1k USD
EBIT TTM = -24.9m USD
EBITDA TTM = -24.9m USD
Long Term Debt = 132.0k USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 33.7k USD (from shortTermDebt, last quarter)
Debt = 132.0k USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -25.9m USD (from netDebt column, last quarter)
Enterprise Value = 190.3m USD (216.1m + Debt 132.0k - CCE 26.0m)
Interest Coverage Ratio = -1.52 (Ebit TTM -24.9m / Interest Expense TTM -16.4m)
EV/FCF = -28.16x (Enterprise Value 190.3m / FCF TTM -6.76m)
FCF Yield = -3.55% (FCF TTM -6.76m / Enterprise Value 190.3m)
FCF Margin = -5443 % (FCF TTM -6.76m / Revenue TTM 124.1k)
Net Margin = -746.6% (Net Income TTM -926.8k / Revenue TTM 124.1k)
Gross Margin = 73.85% ((Revenue TTM 124.1k - Cost of Revenue TTM 32.5k) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.51 (Enterprise Value 190.3m / Total Assets 372.7m)
Interest Expense / Debt = -12.4k% (Interest Expense -16.4m / Debt 132.0k)
Taxrate = 27.36% (81.3m / 297.0m)
NOPAT = -18.1m (EBIT -24.9m * (1 - 27.36%)) [loss with tax shield]
Current Ratio = 14.15 (Total Current Assets 27.9m / Total Current Liabilities 1.97m)
Debt / Equity = 0.00 (Debt 132.0k / totalStockholderEquity, last quarter 286.4m)
Debt / EBITDA = 1.04 (negative EBITDA) (Net Debt -25.9m / EBITDA -24.9m)
Debt / FCF = 3.83 (negative FCF - burning cash) (Net Debt -25.9m / FCF TTM -6.76m)
Total Stockholder Equity = 274.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.25% (Net Income -926.8k / Total Assets 372.7m)
RoE = -0.34% (Net Income TTM -926.8k / Total Stockholder Equity 274.3m)
RoCE = -9.08% (EBIT -24.9m / Capital Employed (Equity 274.3m + L.T.Debt 132.0k))
RoIC = -6.60% (negative operating profit) (NOPAT -18.1m / Invested Capital 274.3m)
WACC = 10.12% (E(216.1m)/V(216.3m) * Re(10.13%) + (debt cost/tax rate unavailable))
Discount Rate = 10.13% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 30.33%
Fair Price DCF = unknown (Cash Flow -6.76m)
EPS Correlation: 13.84 | EPS CAGR: -7.36% | SUE: 0.0 | # QB: 0
Revenue Correlation: 24.08 | Revenue CAGR: 0.0% | SUE: N/A | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.07 | Chg30d=+0.010 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=-0.31 | Chg30d=+0.033 | Revisions Net=+1 | Growth EPS=-291.7% | Growth Revenue=+0.0%