AirJoule Technologies (AIRJ)
Market Price (6/27/2026): $4.54 | Market Cap: $275.9 MilSector: Industrials | Industry: Building Products
AirJoule Technologies (AIRJ)
Market Price (6/27/2026): $4.54Market Cap: $275.9 MilSector: IndustrialsIndustry: Building Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Wind Energy Development, Renewable Energy Equipment, Show more. | Weak multi-year price returns2Y Excs Rtn is -92%, 3Y Excs Rtn is -125% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -14 Mil Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.7% Key risksAIRJ key risks include [1] its status as a pre-revenue, Show more. |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Wind Energy Development, Renewable Energy Equipment, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -92%, 3Y Excs Rtn is -125% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -14 Mil |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.7% |
| Key risksAIRJ key risks include [1] its status as a pre-revenue, Show more. |
Qualitative Assessment
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AirJoule Technologies (AIRJ) stock has gained about 40% since 2/28/2026 because of the following key factors:
1. Advancements in Product Commercialization and Performance Milestones: AirJoule Technologies completed the first full-scale build of its AirJoule Prime system, which is slated for deployment in a European Net Zero innovation hub. Additionally, the company finalized the design for its AirJoule Core platform, including the Core DH variant, demonstrating up to approximately 40% energy savings compared to incumbent technologies, fueling investor optimism regarding the transition to productized commercial sales.
2. Strategic Expansion into the Data Center Market: AirJoule's technology, which repurposes waste heat to extract water and produce ultra-pure water, is strategically positioned to address the substantial water and cooling demands of the data center market. This market is estimated to be between $15 billion and $25 billion in fiscal year 2026 and is projected for significant growth. The company is actively evaluating opportunities with a leading hyperscale operator and has a planned Prime deployment in Europe to demonstrate waste-heat-to-water capabilities for data centers.
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AirJoule Technologies (AIRJ) stock has gained about 40% since 2/28/2026 because of the following key factors:
1. Advancements in Product Commercialization and Performance Milestones: AirJoule Technologies completed the first full-scale build of its AirJoule Prime system, which is slated for deployment in a European Net Zero innovation hub. Additionally, the company finalized the design for its AirJoule Core platform, including the Core DH variant, demonstrating up to approximately 40% energy savings compared to incumbent technologies, fueling investor optimism regarding the transition to productized commercial sales.
2. Strategic Expansion into the Data Center Market: AirJoule's technology, which repurposes waste heat to extract water and produce ultra-pure water, is strategically positioned to address the substantial water and cooling demands of the data center market. This market is estimated to be between $15 billion and $25 billion in fiscal year 2026 and is projected for significant growth. The company is actively evaluating opportunities with a leading hyperscale operator and has a planned Prime deployment in Europe to demonstrate waste-heat-to-water capabilities for data centers.
3. Bolstered Liquidity and Funding for Commercialization: The company enhanced its financial runway by completing a $15.0 million registered direct offering of common stock in May 2026, which generated approximately $14.2 million in net proceeds. This capital infusion, combined with $31.1 million in cash on the balance sheet at the end of fiscal Q1 2026, is expected to fund operations into 2028 and support the commercialization of its Core and Prime systems.
4. Strong Institutional Interest and Positive Analyst Sentiment: AirJoule experienced robust institutional interest, with institutions owning over 60% of the stock and demonstrating aggressive accumulation, particularly during fiscal Q1 2026. This, coupled with positive analyst ratings and price targets, some as high as $12.00, contributed to a bullish sentiment and upward momentum for the stock.
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Stock Movement Drivers
Fundamental Drivers
The 41.2% change in AIRJ stock from 2/28/2026 to 6/26/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.23 | 4.56 | 41.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 60 | 61 | -0.5% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2026 to 6/26/2026| Return | Correlation | |
|---|---|---|
| AIRJ | 41.2% | |
| Market (SPY) | 6.6% | 31.1% |
| Sector (XLI) | 2.6% | 25.4% |
Fundamental Drivers
The 39.9% change in AIRJ stock from 11/30/2025 to 6/26/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 11302025 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.26 | 4.56 | 39.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 60 | 61 | -0.5% |
| Cumulative Contribution | 0.0% |
Market Drivers
11/30/2025 to 6/26/2026| Return | Correlation | |
|---|---|---|
| AIRJ | 39.9% | |
| Market (SPY) | 7.3% | 31.8% |
| Sector (XLI) | 18.6% | 31.9% |
Fundamental Drivers
The 18.8% change in AIRJ stock from 5/31/2025 to 6/26/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312025 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.84 | 4.56 | 18.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 56 | 61 | -7.8% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2025 to 6/26/2026| Return | Correlation | |
|---|---|---|
| AIRJ | 18.8% | |
| Market (SPY) | 25.1% | 33.6% |
| Sector (XLI) | 28.6% | 31.1% |
Fundamental Drivers
nullnull
Market Drivers
5/31/2023 to 6/26/2026| Return | Correlation | |
|---|---|---|
| AIRJ | -56.0% | |
| Market (SPY) | 81.3% | 10.7% |
| Sector (XLI) | 95.7% | 7.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AIRJ Return | - | 2% | 7% | -26% | -51% | 20% | -52% |
| Peers Return | 58% | -10% | 65% | -3% | 12% | 21% | 210% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| AIRJ Win Rate | - | 64% | 100% | 50% | 58% | 67% | |
| Peers Win Rate | 62% | 46% | 62% | 48% | 54% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| AIRJ Max Drawdown | - | - | -4% | -83% | -69% | -41% | |
| Peers Max Drawdown | -18% | -39% | -25% | -25% | -22% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WTS, WMS, UFPI, GFF, MAIR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/26/2026 (YTD)
How Low Can It Go
| Event | AIRJ | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -27.1% | -7.8% |
| % Gain to Breakeven | 37.1% | 8.5% |
| Time to Breakeven | 119 days | 18 days |
In The Past
AirJoule Technologies's stock fell -27.1% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 37.1% gain to breakeven.
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| Event | AIRJ | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -27.1% | -7.8% |
| % Gain to Breakeven | 37.1% | 8.5% |
| Time to Breakeven | 119 days | 18 days |
In The Past
AirJoule Technologies's stock fell -27.1% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 37.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About AirJoule Technologies (AIRJ)
AirJoule Technologies, trading under the symbol AIRJ and operating as Montana Technologies Corporation, specializes in developing innovative atmospheric renewable energy and water harvesting technologies. The company is focused on creating sustainable solutions that efficiently harness resources directly from the air around us.
At the core of AirJoule's offerings is its proprietary "AirJoule technology." This versatile platform enables a range of critical applications, including energy-efficient dehumidification and evaporative cooling solutions for climate control. Furthermore, the technology facilitates atmospheric water generation, providing a method to extract potable water from the ambient air.
While specific customer segments are not explicitly detailed, AirJoule's technologies are poised to serve markets requiring sustainable energy management, efficient climate control, and alternative water sources. Potential applications span commercial and industrial sectors seeking to reduce energy consumption and manage humidity, as well as regions or entities in need of reliable, renewable water supplies extracted directly from the atmosphere.
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A desalination company, but for air instead of seawater.
Tesla, but focused on harvesting energy and water from the atmosphere.
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- Energy and Dehumidification: Technology designed to extract energy from the atmosphere while simultaneously reducing humidity levels.
- Evaporative Cooling: Systems that utilize the natural process of water evaporation to cool air efficiently.
- Atmospheric Water Generation: Devices and processes that harvest potable water directly from the ambient air.
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AirJoule Technologies (AIRJ) is an atmospheric renewable energy and water harvesting technology company that focuses on developing and commercializing its AirJoule technology. Given the nature of its advanced technology, the company primarily engages in strategic partnerships, collaborations, and joint ventures for the commercialization and deployment of its solutions, rather than selling finished products directly to individuals or a broad base of traditional customers. Therefore, its major "customers" are best understood as its key commercialization partners and licensees.
- GE Vernova (GEV): GE Vernova is a public company that has entered into a significant collaboration with Montana Technologies. This partnership focuses on the development and potential commercialization of AirJoule's air conditioning and atmospheric water harvesting technology, aiming to integrate and deploy these solutions within various industrial and commercial applications.
- PowerBlox: PowerBlox is a private company that has formed a joint venture with Montana Technologies, known as the AirJoule-PowerBlox Joint Venture. This collaboration is dedicated to developing and commercializing atmospheric water generation and cooling solutions on a global scale.
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Matt Jore, Chief Executive Officer
Mr. Jore founded Montana Technologies LLC and served as its Chairman and Chief Executive Officer until its merger in March 2024. Prior to that, he founded Core Innovation and Jore Corporation, a power tool and accessories manufacturer that generated over $50 million in annual revenue, which he successfully led through an initial public offering. He has over thirty years of experience founding and leading innovative product-based companies.
Stephen Pang, Chief Financial Officer
Mr. Pang was appointed Chief Financial Officer on May 7, 2024. He previously served as Managing Director and Portfolio Manager at TortoiseEcofin Investments, overseeing public and private direct investments in energy transition and infrastructure. He was Chief Financial Officer for Tortoise Acquisition Corp., which merged with Hyliion Inc. in October 2020. He also served as Chief Financial Officer and a Director of Tortoise Acquisition Corp. II until its business combination with Volta Industries, Inc. in August 2021; Volta was later acquired by Shell USA in March 2023. Additionally, he was President and Chief Financial Officer of TortoiseEcofin Acquisition Corp. III, which announced a business combination in August 2023. Earlier in his career, he worked in investment banking at Credit Suisse and Citigroup Global Markets, focusing on equity underwriting and corporate finance in the energy sector.
Jeff Gutke, Chief Administrative Officer
Mr. Gutke transitioned to Chief Administrative Officer on May 7, 2024, having served as Chief Financial Officer of Montana Technologies LLC since 2021. In 2021, he founded Doxey Capital LLC, a private investment and advisory services firm. Previously, he was a Managing Director at Talara Capital Management and a member of its investment committee from February 2017 to January 2021. He also served as a Director of Denham Capital Management, a private equity firm, and a Manager at J.M. Huber Corporation and Aquila Energy Capital Corporation. His background includes over twenty-five years of experience in private equity, structured finance, and investment banking, with a focus on energy.
Pat Eilers, Executive Chairman
Mr. Eilers was named Executive Chairman on May 7, 2024. He is the founder and Managing Partner of Transition Equity Partners ("TEP"), a private equity firm focused on the energy and power transition. He brings over two decades of investment experience, including leadership roles in mergers and acquisitions. He also served as CEO and director of Power and Digital Infrastructure Acquisition Corp and Power & Digital Infrastructure Acquisition II Corp, which recently merged with Montana Technologies LLC.
Chad MacDonald, Chief Legal Officer
Mr. MacDonald was appointed Chief Legal Officer on May 7, 2024. Before joining Montana Technologies, he served as Senior Vice President & Deputy General Counsel at Permian Resources, an independent upstream oil and gas company. Prior to 2022, he was Vice President and Associate General Counsel at Centennial Resource Development.
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The key risks to AirJoule Technologies (NASDAQ: AIRJ) include challenges associated with its pre-revenue stage and commercialization, its reliance on strategic partnerships, and potential shareholder dilution and stock price volatility.
- Commercialization and Execution Risk as a Pre-Revenue Company: AirJoule Technologies is an early-stage company with limited operating history and a history of losses, making it difficult to evaluate future viability. The company is pre-revenue and depends on the successful execution and deployment of its AirJoule technology for atmospheric water generation and energy efficiency. Technical failures during field deployments or delays in commercialization could significantly impair valuation and market sentiment.
- Dependence on Strategic Partnerships: The company's commercialization strategy is heavily dependent on its relationships with key third-party partners such as BASF, Carrier, and GE Vernova. Any issues or changes in these crucial relationships could significantly impact the company's ability to deploy its technology and achieve its business objectives.
- Shareholder Dilution and Stock Price Volatility: As a pre-revenue technology company requiring ongoing capital, AirJoule Technologies has experienced shareholder dilution in the past year through equity offerings. The stock has also exhibited significant price volatility, with its value declining over the past year. This volatility and the need for future capital raises present risks to investors.
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The emergence of highly efficient, low-cost atmospheric water generation systems utilizing novel sorbent materials such as metal-organic frameworks (MOFs) or advanced polymers, which promise significantly lower energy consumption and higher yields across diverse humidity conditions compared to current atmospheric water harvesting technologies.
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The addressable markets for AirJoule Technologies' (symbol: AIRJ) main products and services are substantial on a global scale.
Energy and Dehumidification
The global dehumidifier market, which encompasses energy and dehumidification solutions, was estimated at USD 4.44 billion in 2025 and is projected to grow to approximately USD 8.31 billion by 2035, demonstrating a compound annual growth rate (CAGR) of 6.47% from 2026 to 2035. Another estimate placed the market at USD 6.76 billion in 2024, with a projected increase to USD 11.04 billion by 2032, at a CAGR of 6.45%. North America held the largest share of this market in 2025, accounting for 48.92% of the revenue.
Evaporative Cooling
The global evaporative cooling market, a key area for AirJoule Technologies, was valued at USD 3.8 billion in 2025 and is anticipated to reach approximately USD 8.5 billion by 2036, growing at a CAGR of 8.4% from 2026 to 2036. Other reports indicate the global evaporative cooling market was valued at USD 7.1 billion in 2025 and is expected to reach USD 10.9 billion by 2034, with a CAGR of 4.71% from 2026 to 2034. Another source reported the market value at USD 7.65 billion in 2025, forecast to reach USD 11.55 billion by 2031 with a 7.10% CAGR. Asia-Pacific is a dominant region in this market, holding the largest share in 2026.
Atmospheric Water Generation
The global atmospheric water generator market was valued at USD 2.7 billion in 2023 and is projected to reach USD 10.8 billion by 2033, expanding at a significant CAGR of 14.8% from 2024 to 2033. Other estimations include a market size of USD 3.51 billion in 2025, with an expected rise to USD 6.59 billion by 2035 at a CAGR of 6.5% from 2026 to 2035. Another report shows the market at USD 2,889.4 million in 2025, projected to grow to USD 5,769.0 million by 2033, at a CAGR of 9.1% from 2026 to 2033. Asia-Pacific held the highest market share in 2023 and is expected to maintain its leading position.
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AirJoule Technologies (NASDAQ: AIRJ) anticipates several key drivers for future revenue growth over the next two to three years as it transitions from a pre-revenue stage to commercial operations:
- Commercial Launch of AirJoule Systems: The company is currently pre-revenue, and a primary driver of future growth will be the expected commencement of commercial sales of its AirJoule™ systems, including the A250 and A1000 units, starting in 2026.
- Strategic Partnerships and Joint Ventures: AirJoule Technologies is leveraging significant collaborations to bring its technology to market. Its joint venture with GE Vernova aims to advance manufacturing and commercialization of its products, while partnerships with Carrier Global Corporation focus on integrating AirJoule™ into HVAC systems, and BASF works on framework systems for absorption technology. These alliances are crucial for market entry and scaling, which will contribute to revenue generation.
- Expansion into the AI and Data Center Market: The increasing demand for efficient cooling and water generation solutions within the rapidly growing AI infrastructure and data center sectors presents a substantial market opportunity. AirJoule's technology is being positioned to address these needs, with the company already engaging with major tech companies like Google and Microsoft for cooling and water generation capabilities for their properties.
- Scaling Manufacturing Capabilities: To support commercialization, an initial manufacturing line for MOF-coated contactors and pre-production AirJoule™ units is expected to become operational in Newark, Delaware, by mid-2025. This expansion of manufacturing capacity is essential to meet anticipated product demand and drive revenue growth.
- Development of Water Purchase Agreements (WPAs): The company is focused on securing deployment agreements, including innovative water purchase agreements, which could establish recurring revenue streams through the sale of purified distilled water.
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Share Issuance
- Montana Technologies announced a private placement financing on June 11, 2024, to sell approximately 1.2 million shares of common stock, expected to generate gross proceeds of approximately $12 million.
- The company completed a business combination on March 14, 2024, leading to its common stock and warrants beginning to trade on the Nasdaq Capital Market.
- On January 14, 2026, AirJoule Technologies announced the pricing of a $20 million public offering of Class A Common Stock.
Inbound Investments
- Montana Technologies secured private investments exceeding a $50 million minimum cash condition through a capital raise led by Carrier Global Corporation, Rice Investment Group, and GE Vernova, among other third parties, concurrent with its business combination in March 2024.
- Rice Investment Group committed to investing $10 million in Montana Technologies as part of a private capital consortium, announced in February 2024.
- GE Vernova made an equity investment in Montana Technologies as part of the capital raise in March 2024.
Outbound Investments
- Montana Technologies formed a joint venture with GE Vernova, which closed on March 4, 2024, to advance and commercialize AirJoule® technology for air conditioning and atmospheric water harvesting products.
- The company entered into joint commercialization agreement term sheets with Carrier Global Corporation to develop and commercialize AirJoule® dehumidifying and cooling technology for HVAC solutions across the Americas, Europe, India, and the Middle East.
- Agreements were announced with TenX Investment in the United Arab Emirates and Climate Impact Corporation in Australia to explore the deployment of AirJoule™ units for water security and solar-powered hydrogen production.
Capital Expenditures
- Montana Technologies commenced the build-out of a new operations facility in Newark, Delaware, intended for product engineering, an initial manufacturing line, and office space for expanded teams.
- Proceeds from the $12 million private placement financing in June 2024 are specifically allocated to expedite the commercialization of the AirJoule® system.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| AirJoule Technologies Earnings Notes | 12/16/2025 | |
| null | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 94.31 |
| Mkt Cap | 5.0 |
| Rev LTM | 2,558 |
| Op Inc LTM | 443 |
| FCF LTM | 301 |
| FCF 3Y Avg | 314 |
| CFO LTM | 365 |
| CFO 3Y Avg | 377 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.1% |
| Rev Chg 3Y Avg | -3.1% |
| Rev Chg Q | 4.4% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Inc Chg LTM | -3.5% |
| Op Inc Chg 3Y Avg | 5.1% |
| Op Mgn LTM | 19.2% |
| Op Mgn 3Y Avg | 17.6% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 14.1% |
| CFO/Rev 3Y Avg | 15.3% |
| FCF/Rev LTM | 12.2% |
| FCF/Rev 3Y Avg | 13.2% |
Price Behavior
| Market Price | $4.56 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 02/01/2022 | |
| Distance from 52W High | -30.8% | |
| 50 Days | 200 Days | |
| DMA Price | $4.03 | $3.93 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 13.2% | 16.1% |
| 3M | 1YR | |
| Volatility | 91.4% | 82.6% |
| Downside Capture | 259.34 | 327.84 |
| Upside Capture | 289.11 | 252.86 |
| Correlation (SPY) | 28.1% | 32.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.99 | 2.54 | 1.13 | 1.88 | 2.10 | 0.82 |
| Up Beta | 5.50 | 1.78 | -1.76 | -0.30 | -0.01 | -0.17 |
| Down Beta | 6.73 | 3.69 | 1.45 | 1.54 | 2.23 | 1.64 |
| Up Capture | 556% | 439% | 308% | 451% | 515% | 81% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 11 | 24 | 32 | 59 | 118 | 326 |
| Down Capture | 2% | 192% | 185% | 217% | 192% | 110% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 9 | 17 | 29 | 63 | 127 | 309 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIRJ | |
|---|---|---|---|---|
| AIRJ | -0.8% | 82.6% | 0.34 | - |
| Sector ETF (XLI) | 27.5% | 16.5% | 1.29 | 30.7% |
| Equity (SPY) | 21.2% | 12.4% | 1.26 | 33.0% |
| Gold (GLD) | 21.8% | 27.7% | 0.70 | 11.5% |
| Commodities (DBC) | 21.8% | 18.6% | 0.92 | 0.9% |
| Real Estate (VNQ) | 16.1% | 13.6% | 0.85 | 19.5% |
| Bitcoin (BTCUSD) | -44.7% | 42.5% | -1.27 | 21.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIRJ | |
|---|---|---|---|---|
| AIRJ | -14.2% | 127.8% | 0.22 | - |
| Sector ETF (XLI) | 14.5% | 17.6% | 0.65 | 6.6% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 8.8% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 3.4% |
| Commodities (DBC) | 7.4% | 19.5% | 0.28 | 3.5% |
| Real Estate (VNQ) | 3.4% | 18.9% | 0.08 | 2.9% |
| Bitcoin (BTCUSD) | 10.7% | 54.0% | 0.39 | 11.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIRJ | |
|---|---|---|---|---|
| AIRJ | -7.4% | 127.8% | 0.22 | - |
| Sector ETF (XLI) | 14.5% | 20.1% | 0.63 | 6.6% |
| Equity (SPY) | 15.2% | 18.0% | 0.72 | 8.8% |
| Gold (GLD) | 11.8% | 16.1% | 0.60 | 3.4% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 3.5% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 2.9% |
| Bitcoin (BTCUSD) | 54.6% | 66.4% | 0.95 | 11.2% |
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Earnings Returns History
Updated 6/16/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/14/2026 | -4.8% | 0.5% | 5.6% |
| 1/13/2026 | -13.6% | -9.3% | -23.4% |
| 11/13/2025 | 2.6% | -13.2% | -16.5% |
| 8/13/2025 | 5.5% | -0.8% | -2.3% |
| 5/12/2025 | 3.9% | 2.7% | 1.4% |
| 3/25/2025 | -26.7% | -31.2% | -30.7% |
| 11/13/2024 | 5.0% | 13.8% | 43.5% |
| 8/23/2024 | 0.5% | -16.3% | -3.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 4 | 3 |
| # Negative | 3 | 5 | 6 |
| Median Positive | 4.4% | 8.3% | 5.6% |
| Median Negative | -13.6% | -13.2% | -19.9% |
| Max Positive | 5.5% | 52.4% | 43.5% |
| Max Negative | -26.7% | -31.2% | -30.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/14/2026 | -4.8% | 0.5% | 5.6% |
| 1/13/2026 | -13.6% | -9.3% | -23.4% |
| 11/13/2025 | 2.6% | -13.2% | -16.5% |
| 8/13/2025 | 5.5% | -0.8% | -2.3% |
| 5/12/2025 | 3.9% | 2.7% | 1.4% |
| 3/25/2025 | -26.7% | -31.2% | -30.7% |
| 11/13/2024 | 5.0% | 13.8% | 43.5% |
| 8/23/2024 | 0.5% | -16.3% | -3.3% |
| 5/20/2024 | 5.5% | 52.4% | -27.1% |
| SUMMARY STATS | |||
| # Positive | 6 | 4 | 3 |
| # Negative | 3 | 5 | 6 |
| Median Positive | 4.4% | 8.3% | 5.6% |
| Median Negative | -13.6% | -13.2% | -19.9% |
| Max Positive | 5.5% | 52.4% | 43.5% |
| Max Negative | -26.7% | -31.2% | -30.7% |
Insider Activity
Updated 6/9/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gutke, Jeff | Chief Administrative Officer | Direct | Sell | 3032026 | 3.17 | 3,462 | 10,975 | 350,114 | Form |
| 2 | Jore, Matthew B | Chief Executive Officer | Direct | Buy | 1202026 | 3.25 | 7,692 | 24,999 | 25,083,900 | Form |
| 3 | Eilers, Patrick C | Executive Chairman | Direct | Buy | 1202026 | 3.25 | 76,923 | 250,000 | 6,046,684 | Form |
| 4 | Porter, Stuart D | Direct | Buy | 1202026 | 3.25 | 153,846 | 500,000 | 2,524,857 | Form | |
| 5 | Murphy, Thomas Edward | Direct | Buy | 12122025 | 3.40 | 14,450 | 49,130 | 108,630 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gutke, Jeff | Chief Administrative Officer | Direct | Sell | 3032026 | 3.17 | 3,462 | 10,975 | 350,114 | Form |
| 2 | Jore, Matthew B | Chief Executive Officer | Direct | Buy | 1202026 | 3.25 | 7,692 | 24,999 | 25,083,900 | Form |
| 3 | Eilers, Patrick C | Executive Chairman | Direct | Buy | 1202026 | 3.25 | 76,923 | 250,000 | 6,046,684 | Form |
| 4 | Porter, Stuart D | Direct | Buy | 1202026 | 3.25 | 153,846 | 500,000 | 2,524,857 | Form | |
| 5 | Murphy, Thomas Edward | Direct | Buy | 12122025 | 3.40 | 14,450 | 49,130 | 108,630 | Form | |
| 6 | Murphy, Thomas Edward | Direct | Buy | 12122025 | 2.86 | 17,500 | 50,113 | 50,113 | Form | |
| 7 | Pang, Stephen S | Chief Financial Officer | Direct | Buy | 12102025 | 2.95 | 2,169 | 6,399 | 56,020 | Form |
| 8 | Jore, Matthew B | Chief Executive Officer | Direct | Buy | 12102025 | 2.95 | 1,779 | 5,248 | 22,745,771 | Form |
| 9 | Porter, Stuart D | Direct | Buy | 12102025 | 2.95 | 264,150 | 779,242 | 1,837,947 | Form | |
| 10 | Jore, Matthew B | Chief Executive Officer | Direct | Buy | 12102025 | 2.84 | 5,200 | 14,768 | 21,892,572 | Form |
| 11 | Porter, Stuart D | Direct | Buy | 12102025 | 2.84 | 46,800 | 132,912 | 1,019,228 | Form | |
| 12 | Jore, Matthew B | Chief Executive Officer | Direct | Buy | 12102025 | 2.77 | 3,521 | 9,753 | 21,338,562 | Form |
| 13 | Porter, Stuart D | Direct | Buy | 12102025 | 2.77 | 31,695 | 87,795 | 864,470 | Form | |
| 14 | Gutke, Jeff | Chief Administrative Officer | Direct | Sell | 6102025 | 4.23 | 1,605 | 6,790 | 422,345 | Form |
| 15 | Pang, Stephen S | Chief Financial Officer | Direct | Sell | 6102025 | 4.23 | 7,635 | 32,298 | 65,527 | Form |
| 16 | Eilers, Patrick C | Executive Chairman | Direct | Sell | 6102025 | 4.23 | 1,931 | 8,169 | 7,545,142 | Form |
| 17 | Jore, Matthew B | Chief Executive Officer | Direct | Sell | 6102025 | 4.23 | 3,865 | 16,350 | 32,573,018 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Building Products Resources |
| Building Design+Construction |
| Construction Dive |
| Architectural Record |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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