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RONAN, Mont. - AirJoule Technologies Corporation (NASDAQ:AIRJ), currently trading at $4.65 and identified as undervalued by InvestingPro analysis, announced Thursday the appointment of Denise Sterling and Thomas Murphy to its Board of Directors, filling vacancies created by recent departures.
The vacancies resulted from Paul Dabbar’s confirmation as Deputy Secretary of Commerce on June 25, which required him to relinquish his board position under federal ethics rules. Kyle Derham also resigned to pursue opportunities with the Rice Investment Group. The board changes come as the company maintains a strong financial position, with InvestingPro data showing more cash than debt on its balance sheet and a healthy current ratio of 14.75.
Sterling previously served as Chief Financial Officer of Core Scientific, Inc. from 2022 to 2025. Her prior experience includes senior roles at Oportun and Visa. She holds a bachelor’s degree in accounting from San Francisco State University, a master’s degree in tax from Golden Gate University, and is a Certified Public Accountant.
Murphy was a Partner in the Audit and Advisory practices at Crowe LLP until his retirement in 2020, where he served as Partner in Charge of the SEC Commercial Audit Practice. Before joining Crowe in 1993, he worked as a Senior Manager at EY. Murphy holds a business administration degree from the University of Notre Dame and is a Certified Public Accountant.
"Their collective expertise, which includes data center finance and operations, as well as rigorous financial oversight, will be invaluable as we scale our technology," said Matt Jore, CEO of AirJoule Technologies, in the press release. Despite the stock’s 60% decline over the past year, InvestingPro analysis reveals the company maintains profitability with a P/E ratio of 4.74, suggesting potential value opportunity. InvestingPro subscribers have access to 10 additional key insights about AIRJ’s financial health and growth prospects through comprehensive Pro Research Reports.
AirJoule Technologies develops water harvesting technology that produces distilled water from air through its AirJoule system, which is being commercialized through a joint venture with GE Vernova and in partnership with Carrier Global Corporation. The company’s next earnings report is scheduled for August 22, 2025, with analysts maintaining positive expectations for profitability this year.
In other recent news, AirJoule Technologies reported a net income of $14.9 million for Q1 2025, driven primarily by non-cash gains. The company is expanding its manufacturing capabilities and pursuing water certifications, with strategic partnerships with GE Vernova and Carrier enhancing its competitive positioning. AirJoule plans to deliver up to three pilot projects in the latter half of 2025, with commercial product delivery anticipated in 2026. Additionally, AirJoule Technologies is set to join the Russell 3000 Index, effective June 30, 2025. This inclusion reflects the company’s market capitalization and positions it among the 3,000 largest US public companies. The company is also focused on innovation in atmospheric water harvesting systems, which addresses global water scarcity. The ongoing collaboration with GE Vernova and Carrier is expected to bolster AirJoule’s market position further. These developments highlight AirJoule’s strategic growth and market expansion efforts.
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