AirJoule Technologies Set to Join Russell 3000® Index
- Inclusion in Russell 3000® Index increases visibility to institutional investors
- Automatic inclusion in either Russell 1000® or Russell 2000® Index provides additional exposure
- Recognition of company growth and market capitalization achievement
- Access to broader investor base with $10.6 trillion in benchmarked assets
- None.
Insights
AirJoule's inclusion in Russell 3000® signals improved visibility and potential increased liquidity for this water technology innovator.
AirJoule Technologies' addition to the Russell 3000® Index represents a significant milestone in the company's market visibility journey. This inclusion automatically places AirJoule in either the Russell 1000® (large-cap) or Russell 2000® (small-cap) indexes, dramatically expanding its exposure to passive investment flows.
The implications are substantial: approximately
Beyond the short-term trading implications, this development validates AirJoule's market capitalization growth and signals its emerging significance in the water technology sector. The company's core technology—separating pure water from air—addresses critical global water scarcity challenges, a market with massive growth potential.
Index inclusion typically enhances trading liquidity, reduces bid-ask spreads, and potentially lowers the cost of capital for future financing activities. This comes at a critical time as investors increasingly focus on companies addressing environmental sustainability challenges.
While index inclusion itself doesn't change fundamental business operations, the increased institutional attention often leads to greater analyst coverage, improved information dissemination, and a broader investor base—all positive factors for long-term valuation stability.
RONAN, Mont., June 09, 2025 (GLOBE NEWSWIRE) -- AirJoule Technologies Corporation (NASDAQ: AIRJ) (“AirJoule Technologies” or the “Company”), the developer of the transformational AirJoule® system for separating pure water from air, today announced it is set to join the broad-market Russell 3000® Index at the conclusion of the 2025 Russell US Indexes annual reconstitution, effective after the US market opens on June 30, 2025, according to a preliminary list of additions posted May 23, 2025.
The Russell 3000® Index captures the 3,000 largest US public companies by market capitalization. The index is reconstituted annually by re-ranking companies based on total market capitalization as of the reconstitution rank date, which was April 30, 2025 this year. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.
“We are honored to be included in the Russell 3000® Index,” said Matt Jore, CEO of AirJoule Technologies. “This milestone reflects the significant progress we have made in advancing our AirJoule® technology and our commitment to addressing global water scarcity and energy efficiency challenges.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of June 2024, about
For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About AirJoule Technologies Corporation
AirJoule Technologies Corporation (NASDAQ: AIRJ) is a water harvesting technology company and the developer of the AirJoule® system that produces pure distilled water from air. Designed to reduce energy consumption and generate material cost efficiencies, AirJoule® is being commercialized through a joint venture with GE Vernova and in partnership with Carrier Global Corporation. For more information, visit https://airjouletech.com.
About FTSE Russell, an LSEG Business
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit FTSE Russell.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding AirJoule Technologies and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “may,” “will,” “should,” “anticipate,” “believe,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, AirJoule Technologies expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release.
AirJoule Technologies cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond AirJoule Technologies’ control. These risks include, but are not limited to, our status as an early stage Company with limited operating history, which may make it difficult to evaluate the prospects for our future viability; our initial dependence on revenue generated from a single product; significant barriers we face to deploy our technology; the dependence of our commercialization strategy on our relationships with BASF, Carrier, GE Vernova, and other third parties, history of losses, and the other risks and uncertainties described under the heading “Risk Factors” section of our most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. AirJoule Technologies’ SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.
Contact
Investor Relations & Media:
Tom Divine – Vice President, Investor Relations and Finance
investors@airjouletech.com
FAQ
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