Street Calls of the Week
RONAN, Mont. - AirJoule Technologies Corporation (NASDAQ:AIRJ), a $307 million market cap company trading at a modest P/E ratio of 7.6, has been selected as one of three winners in the Net Zero Innovation Hub for Data Centers competition, according to a press release statement issued Thursday. According to InvestingPro data, the company maintains a strong balance sheet with more cash than debt.
The competition, backed by major technology companies including Google, Microsoft, Data4, Vertiv, Schneider Electric, and Danfoss, aims to accelerate the data center industry’s path to net zero emissions. Despite the stock experiencing a significant 30% decline over the past six months, InvestingPro analysis suggests the company remains financially healthy with a robust current ratio of 12.67.
AirJoule was the only winner focused on water usage in data centers. The company’s technology platform is designed to harvest water from air using waste heat from data centers, potentially addressing water sustainability issues in mission-critical facilities.
Selected from more than 70 applicants, AirJoule will join the Net Zero Innovation Hub in early 2026 to work with the program’s partners on demonstrating its technology at a data center test facility.
"This collaboration allows us to demonstrate how AirJoule can both reduce water stress and improve cooling efficiency at scale," said Matt Jore, Chief Executive Officer of AirJoule Technologies.
The company’s system can reportedly harvest water in relative humidity conditions as low as 20%, which could benefit data centers in arid environments.
Data centers consume significant amounts of water for cooling systems, with a recent McKinsey & Co study finding that more than 40% of planned data centers in the US are in areas with high or extremely high water stress.
AirJoule Technologies operates through a joint venture with GE Vernova and in partnership with Carrier Global. The announcement comes as the data center industry faces increasing pressure to address both energy and water sustainability challenges.
In other recent news, AirJoule Technologies Corporation reported its Q2 2025 earnings, showing a notable decline in net income to $2.5 million from $14.9 million in the previous quarter. Despite this downturn, the company maintains a robust cash position with $31 million on hand and no debt. These financial results come amid AirJoule’s ongoing efforts to innovate with new product launches and partnerships. Furthermore, AirJoule was selected as one of three winners in the Net Zero Innovation Hub for Data Centers competition, supported by major tech companies like Google and Microsoft. This recognition highlights AirJoule’s unique approach to water sustainability in data centers, distinguishing it from other participants. The company continues to face challenges, as indicated by future earnings guidance. However, its strong financial footing provides a buffer as it navigates these hurdles. These developments reflect AirJoule’s ongoing commitment to sustainability and innovation in the tech industry.
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