Power & Digital Infrastructure Acquisition II Corp [NASDAQ: XPDB] stock went on a downward path that fall over 0.00% on Friday, amounting to a one-week price increase of more than 0.09%. The company report on January 8, 2024 at 9:00 AM that Carrier Signs Agreement with Montana Technologies to Commercialize Carbon-Reducing Cooling Technology for HVAC Solutions.
Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced entry into a binding term sheet with Montana Technologies LLC (“Montana”) to develop and commercialize Montana’s transformational AirJoule dehumidification and cooling technology. In addition, Carrier has conditionally committed $10 million in growth equity into Montana to foster commercialization of AirJoule.
AirJoule’s dehumidification technology substantially improves air conditioning efficiency by harvesting water and thermal energy from air. The proprietary method and design can reduce electricity consumption as compared to conventional air conditioning cooling systems, resulting in a corresponding reduction in carbon emissions as well as a reduction, or in some cases elimination, of refrigerants.
Over the last 12 months, XPDB stock rose by 9.85%.
The market cap for the stock reached $192.60 million, with 28.75 million shares outstanding and 10.08 million shares in the current float. Compared to the average trading volume of 74.79K shares, XPDB stock reached a trading volume of 151690 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Power & Digital Infrastructure Acquisition II Corp [XPDB]:
The Average True Range (ATR) for Power & Digital Infrastructure Acquisition II Corp is set at 0.03 The Price to Book ratio for the last quarter was 1.94, with the Price to Cash per share for the same quarter was set at 0.02.
XPDB Stock Performance Analysis:
Power & Digital Infrastructure Acquisition II Corp [XPDB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.09. With this latest performance, XPDB shares dropped by 0.00% in over the last four-week period, additionally plugging by 5.05% over the last 6 months – not to mention a rise of 9.85% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for XPDB stock in for the last two-week period is set at 53.47, with the RSI for the last a single of trading hit 50.21, and the three-weeks RSI is set at 55.83 for Power & Digital Infrastructure Acquisition II Corp [XPDB]. The present Moving Average for the last 50 days of trading for this stock 10.76, while it was recorded at 10.83 for the last single week of trading, and 10.41 for the last 200 days.
Insight into Power & Digital Infrastructure Acquisition II Corp Fundamentals:
Power & Digital Infrastructure Acquisition II Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.05 and a Current Ratio set at 0.05.
Power & Digital Infrastructure Acquisition II Corp [XPDB] Institutonal Ownership Details
The top three institutional holders of XPDB stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in XPDB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in XPDB stock with ownership which is approximately 5.8325%.
