AirJoule Technologies (AIRJ)
Commercializes AirJoule systems for water generation, dehumidification, and HVAC.
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Develops AirJoule systems that harvest distilled water from air and provide dehumidification for HVAC and industrial uses. Commercialization runs mainly through a GE Vernova joint venture and a Carrier HVAC agreement, with operations concentrated in the United States and partner scopes shaping international expansion.
Commercializes AirJoule, a sorption and pressure-swing platform that produces distilled water from air and dehumidified air for industrial, HVAC, and distributed-water applications. Product work centers on Prime for industrial-scale atmospheric water generation and Core systems for smaller water and dehumidification deployments.
Operations are concentrated in the United States, with a Newark, Delaware facility used for coating, assembly, testing, and Prime optimization. The GE Vernova joint venture covers the Americas, Africa, and Australia, while a separate CATL-affiliate venture for Asia and Europe had not started operations in the cited filings.
Execution depends on partner-led commercialization. The GE Vernova venture handles most development, operations, and commercialization activity, and Carrier is the named HVAC integration path. The business remains in productization and scale-up before a mature revenue base.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 31, 2026 | Needham | Initiate | Rating: — | |
| Aug 17, 2026 | UBS | Target | Target: $7 | Target: $10 |
| May 8, 2026 | Seaport Global | Target | Target: — | Target: $7 |
| Dec 22, 2025 | UBS | Target | Target: — | Target: $7 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $41.4M · Total debt $107.1K · Total assets $306.8M · Shareholders' equity $248.6M
- Revenue
- $0
- Operating income
- −$4.1M
- Net income
- −$8.5M
No dividends on record.
| Institutions | ≈ 23.82% | 17.47M shares | |
|---|---|---|---|
| 127 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 54.23% | 39.78M shares | |
| 15 holders · as of Jun 10, 2026 | |||
| Other | ≈ 21.95% | 16.10M shares | |
| remainder | |||
73.35M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Stuart D. Porter1Insiderdirector, 10 percent owner | 27.07% | 19.05M · 804,916 | filed Dec 3, 2025 |
Matthew B. Jore2Insiderdirector, 10 percent owner, officer: Chief Executive Officer | 21.22% | 7.82M · 7.75M | filed Apr 16, 2026 |
Pennant Select, LLCInstitution | 3.11% | 2.28M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 2.92% | 2.14M | as of Jun 30, 2026 |
Patrick C. EilersInsiderdirector, officer: Executive Chairman | 2.55% | 1.87M | filed Jun 9, 2026 |
- Stuart D. Porter's transaction reports restate only vehicles that traded; the 2025 ownership statement (19.05M) is used instead.
- Matthew B. Jore's transaction reports restate only vehicles that traded; the 2026 ownership statement (7.82M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 9, 2026 | Chad MacDonald | officer: Chief Legal Officer | −1,987 | $4.50 |
| Jun 8, 2026 | Chad MacDonald | officer: Chief Legal Officer | −5,320 | $4.65 |
| Mar 3, 2026 | Jeff Gutke | officer: Chief Administrative Officer | −3,462 | $3.17 |
| Jan 15, 2026 | Stuart D. Porter | director, 10 percent owner: | +153,846 | $3.25 |
| Jan 15, 2026 | Patrick C. Eilers | director, officer: Executive Chairman | +76,923 | $3.25 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AirJoule Technologies | $4.19 | −3.76% | $315.7M | — | — | — | −59.7% |
| Trane Technologies | $438.76 | +0.21% | $96.33B | 33.2 | 26.5 | 4.3 | +10.6% |
| Lennox International | $372.00 | +0.09% | $12.85B | 16.8 | 15.0 | 2.4 | +3.0% |
| Xylem | $108.80 | +0.88% | $25.18B | 25.7 | 18.5 | 2.8 | +1.5% |
| Pentair | $54.95 | −0.97% | $8.86B | 13.9 | 11.3 | 2.2 | −17.0% |
| Median | 21.2 | 16.7 | 2.6 | +2.2% |