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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#4550
Positioning
Market Dominance
Manufacturing
Machinery
$284M
Matthew B. Jore
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.
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| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | 28.5% | 8.0% | 100.0% | 100.0% | 10.4% | -4.6% | 3.3% | 0.0x | $141.8B | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | 46.1% | 16.6% | 51.3% | 31.9% | 26.8% | -4.0% | 1.0% | 25.0x | $272.1B | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | 10.3% | 3.1% | 24.1% | 7.2% | 4.7% | 14.3% | 0.8% | 25.0x | $11.4B | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | 2.2% | 1.5% | 9.3% | 5.3% | 2.2% | -8.5% | 2.2% | 16.0x | $18.9B | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 35.5% | 19.8% | 48.7% | 29.2% | 24.7% | 4.4% | 0.8% | 32.0x | $181.9B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | 11.8% | 8.8% | 45.9% | 11.3% | 11.1% | 25.7% | 3.7% | 0.0x | $1.8B | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.6% | 7.0% | 66.5% | 17.1% | 15.6% | 39.0% | 0.0% | 0.0x | $115M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | 22.6% | 4.9% | 71.2% | 12.8% | 9.4% | 1.7% | 5.9% | 124.0x | $72.1B | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | 3.0% | 1.1% | 20.9% | 7.3% | 1.3% | 3.0% | 0.9% | 67.0x | $1.2B | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | 8.2% | 3.5% | 55.3% | 25.9% | 12.4% | 0.7% | 1.7% | 0.0x | $87.0B | VS | |
$AIRJ AirJoule Technologies Corp. | 30 | 33 | 35 | 13 | 4.5x | - | 16.9% | 13.0% | - | - | - | - | 0.0% | 30.0x | $284M | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -2.5% | -0.1% | 42.5% | 1.3% | -0.2% | 5.9% | 0.0% | 0.2x | - | REF |
AirJoule Technologies Corp. (AIRJ) receives a "Avoid" rating with a composite score of 29.6/100. It ranks #4550 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Equity capital efficiency
Asset base utilization
Financial leverage load
Direct cash return
Matthew B. Jore
Chief Executive Officer
33
19
39
Audit Verdict: Lower quality and stability scores may indicate governance concerns.
No recent insider transactions available for AIRJ
Lagging peers — losers tend to keep underperforming
Expensive relative to fundamentals — limited margin of safety
Weak fundamentals — higher risk of value trap
Average volatility — neutral timing signal
Aggressive spending — empire-building risk, dilutive growth
Below-average composite — caution warranted
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for AIRJ.
View All RatingsInsufficient data for Financial Analysis
ROE proxy 16.9% (sector -2.5%)
GM N/A vs sector 43%, OM N/A vs sector 1%
Capital turnover N/A
Rev growth N/A, 2yr history
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
Our quantitative model flags AirJoule Technologies Corp. with an Avoid rating, assigning a composite score of 29.6/100 and 1 out of 5 stars. Ranked #4550 of 7,333 stocks, AIRJ falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
AIRJ's quality score of 33/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of 16.9% (sector avg: -2.5%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
With a value score of 35/100, AIRJ appears somewhat expensive relative to its fundamentals. Key valuation metrics include a P/E ratio of 4.54x, a P/B ratio of 0.77x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
AirJoule Technologies Corp.'s investment score of 19/100 suggests limited reinvestment activity. Key growth metrics include a return on assets of 13.0% (sector: -0.1%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
AirJoule Technologies Corp. is experiencing notably weak momentum with a score of just 13/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth data is not currently available, while a beta of 1.07 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
AIRJ's stability score of 39/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 1.07 and a debt-to-equity ratio of 30.00x (sector avg: 0.2x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
The short interest score of 45/100 for AIRJ suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include elevated leverage (D/E: 30.00x), micro-cap liquidity risk. With a $284M market cap (micro-cap), AirJoule Technologies Corp. may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
AirJoule Technologies Corp. is a micro-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #4550 of 7,333 overall (38th percentile). Key comparisons include ROE of 16.9% exceeding the -2.5% sector median. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While AIRJ currently exhibits a AVOID profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
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Improvement in Momentum (13) would have the largest impact on the composite score.
ROE 781% BELOW SECTOR MEDIAN
Debt/Equity 14900% ABOVE SECTOR MEDIAN
Div. Yield NaN% BELOW SECTOR MEDIAN
AUDIT DATA AS OF SEP 30, 2025 (Q2 FY2025)
We rate AirJoule Technologies Corp. (AIRJ) as Avoid with a composite score of 29.6/100 at a current price of $3.20. The stock falls in the bottom quintile of our universe across key quantitative factors, and the multi-factor weakness suggests a high probability of continued underperformance.
The rating is primarily driven by strength in stability (39th percentile) and value (35th percentile), which together account for the majority of the composite score. Offsetting weakness in momentum (13th percentile) and investment (19th percentile) tempers our overall conviction. We assign a No Moat rating (29/100), Medium uncertainty, and Standard capital allocation.
Key items to watch: momentum to confirm whether the current price trend has legs. Any material change in these dynamics could warrant a reassessment of our rating. The moat trend is stable, which suggests the competitive landscape is stable for now.
AirJoule Technologies Corp. holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 29.6/100 places it at rank #4550 in our full 7,333-stock universe. At $284M in market capitalization, AirJoule Technologies Corp. is a small-cap player in the Manufacturing space, which limits certain scale advantages but may allow for more agile strategic execution.
Momentum indicators (13th percentile) suggest caution regarding the near-term price trend. Revenue growth data is unavailable, limiting our ability to confirm whether momentum is fundamentally supported.
Margin data is not available for AirJoule Technologies Corp., which limits our assessment of the company's cost structure and operating efficiency. We rely on factor-based signals to infer business quality in the absence of detailed margin data.
At a current price of $3.20, AirJoule Technologies Corp. is trading at a premium to fundamental value. Our value factor score of 35/100 reflects a composite assessment across multiple valuation metrics including price-to-earnings, price-to-book, EV/EBITDA, and price-to-sales ratios relative to both sector peers and the broader market. The premium valuation implies the market is pricing in significant future growth or quality improvements that are not yet fully reflected in current fundamentals.
The stock currently trades at a P/E of 4.5x (a 80% discount to the sector median of 22.3x), P/B of 0.8x. The below-sector P/E suggests possible undervaluation or the market pricing in near-term headwinds.
Returns on equity of 16.9% exceed the cost of equity for most companies, indicating genuine shareholder value creation and a reinvestment engine that compounds wealth over time.
Return on assets of 13.0% indicates efficient deployment of the full asset base, not just equity capital.
The Avoid rating (composite 29.6/100) reflects multi-factor weakness, and historically, stocks in this scoring range have underperformed the market by a meaningful margin.
Weak momentum (13th percentile) suggests institutional selling pressure and unfavorable technical dynamics that may persist.
Below-average quality (33th percentile) raises durability concerns about the fundamental profile and increases the risk of negative earnings surprises.
We assign a Medium uncertainty rating to AirJoule Technologies Corp.. The stock presents a balanced risk profile: below-average price stability (39th percentile) and weak quality scores (33th percentile). While not risk-free, the core business fundamentals are adequate to withstand moderate economic stress, and the range of potential outcomes around our fair value estimate is manageable.
Specific risk factors that inform our assessment include: below-average price stability (39th percentile); weak quality scores (33th percentile). Each of these factors independently widens the distribution of potential outcomes, and in combination they create a risk profile that demands careful position sizing. The stability factor at the 39th percentile and quality factor at the 33th percentile provide a quantitative summary of the overall risk landscape.
We identify limited risk mitigants at this time, which contributes to our medium uncertainty assessment. Investors should monitor for improvement in balance sheet metrics, margin stability, and business predictability that could warrant a downgrade in our risk assessment over time.
We rate AirJoule Technologies Corp.'s capital allocation as Standard. Management has shown adequate — though not exceptional — stewardship of shareholder capital. Returns on equity stand at 16.9%, and the balance sheet is managed within acceptable parameters (D/E: 30%). Exemplary allocators typically sustain ROE above 20% and D/E below 50%; AirJoule Technologies Corp. falls short on at least one dimension.
There is room for improvement in optimizing the capital structure or enhancing shareholder returns. Absent a dividend, the overall capital allocation framework would benefit from either higher reinvestment returns, improved balance sheet efficiency, or increased shareholder distributions. We will monitor for signs of strategic improvement that could warrant an upgrade.
In summary, AirJoule Technologies Corp. receives a Avoid rating with a composite score of 29.6/100 (rank #4550 of 7,333). Our quantitative framework assigns a No Moat (29/100, trend: stable), Medium uncertainty, and Standard capital allocation. The average factor score across quality, value, momentum, stability, and investment is 28/100.
Our analysis does not support a constructive view on AirJoule Technologies Corp. at this time. The combination of limited competitive advantages, medium uncertainty, and standard capital allocation suggests unfavorable risk-reward at current levels. We recommend investors avoid new positions and existing holders consider reducing exposure.
Analysis derived from Blank Capital Research quantitative terminal. For informational purposes only. No trade solicitation. Past performance not indicative of future results. Consult a qualified advisor.
We do not assign AirJoule Technologies Corp. a meaningful economic moat, scoring 29/100 on our composite assessment. Current fundamentals do not demonstrate the kind of durable competitive advantages — such as superior returns on invested capital, margin superiority, or reinvestment efficiency — that would protect the company from competitive erosion over the long term. The highest-scoring pillar, economic value creation, reached only 10.5/20.
The strongest moat sources are economic value creation (10.5/20) and margin superiority (10/20). ROE proxy 16.9% (sector -2.5%). GM N/A vs sector 43%, OM N/A vs sector 1%. These pillars form the core of AirJoule Technologies Corp.'s competitive identity and are the primary drivers of excess returns in our framework.
Areas of relative weakness include reinvestment efficiency (0/20) and growth durability (0/20). Capital turnover N/A. Improvement in these areas could meaningfully widen the moat over time, while deterioration would be an early warning of competitive erosion.
Our moat trend assessment is Stable. Multi-year ROIC and operating margin trajectories show neither meaningful improvement nor deterioration, suggesting the competitive position is steady. We expect AirJoule Technologies Corp.'s moat profile to remain largely unchanged absent a material shift in return on capital or industry dynamics.
Key profit drivers include returns on equity of 16.9% driving shareholder value creation. Our analysis indicates that profit quality raises some durability concerns, with the quality factor at the 33th percentile.
Return metrics include ROE of 16.9% and ROA of 13.0%. Relative to the Manufacturing sector, sector comparison data is limited, and ROE of 16.9% compares to a sector median of -2.5%.
The balance sheet reflects moderate leverage with D/E of 30%. The sector median D/E is 0%, putting AirJoule Technologies Corp. at higher leverage than the typical peer. Overall balance sheet health is adequate for the current business environment.
Above 50MA
37.18%
Net New Highs
+51081
Strategic partnership accelerates AIRJ’s commercialization strategy in the Middle East and broader Global SouthRONAN, Mont., Feb. 02, 2026 (GLOBE NEWSWIRE) -- AirJoule Technologies Corporation (NASDAQ: AIRJ) ("AirJoule Technologies" or "AIRJ"), a leading technology platform that unleashes the power of water from air, today announced an agreement with TenX Investment in Energy Enterprises & Management Co (“TenX Investment”), a wholly Emirati-owned UAE-based technology and infrastructure investmen
AirJoule Technologies Corporation (NASDAQ:AIRJ) announced a proposed underwritten public offering of Class A common stock under an effective shelf registration statement. The company plans to use net proceeds for growth capital, working capital, and general corporate purposes, including advancing manufacturing readiness and supporting deployment with strategic partners. Lucid Capital Markets is serving as sole book-running manager. Company executives including CEO Matthew B. Jore have indicated interest in purchasing shares at the public offering price.
AirJoule Technologies reported Q2 2025 earnings with no commercial revenue, but exceeded earnings estimates. The company is preparing for product launches in 2026, focusing on atmospheric water harvesting and industrial dehumidification technologies.
AirJoule Technologies, a pre-revenue company focused on efficient cooling and water harvesting using chemical processes, is positioned as a speculative buy despite execution risks. With major partnerships including GE Vernova, Carrier Global, and BASF, plus work with Google and Microsoft, the company expects to begin sales in 2026. Four of five analysts rate it as Buy, with consensus price targets suggesting nearly 200% upside. Strong insider ownership (40%+) and institutional buying support the stock, though it faces technical hurdles and depends on validating its product in the data center market.