$AIRJ

AirJoule Technologies Acquires BitSink for up to $67 million

AirJoule Technologies (AIRJ) said Monday it has acquired data center cooling company BitSink in a deal worth up to $67 million.Under the terms of the deal, AirJoule Technologies acquired 100% of BitSink for an upfront payment of $18 million in cash and $9 million worth of shares.The deal could be bumped up by another $40 million in AirJoule shares if BitSink meets revenue milestones over the three years after the close.Shares of AirJoule were down over 2% pre-bell Monday.Price: $4.16, Change: $-0.12, Percent Change: -2.73%

Needham Initiates AirJoule Technologies at Hold

AirJoule Technologies Corporation Class A (AIRJ) has an average rating of buy and mean price target of $9.55, according to analysts polled by FactSet.

Seaport Global Initiates AirJoule Technologies at Buy With $7 Price Target

B. Riley Initiates Coverage on Montana Technologies With Buy Rating, $6 Price Target

Montana Technologies (AIRJ) has an average rating of Buy and mean price target of $7.44, according to analysts polled by FactSet.Price: $3.08, Change: $+0.07, Percent Change: +2.33%