Factorial Energy (NASDAQ:FAC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Factorial Energy (NASDAQ:FAC) to a sell rating in a research note issued to investors on Saturday morning.

Several other equities research analysts have also weighed in on the company. Zacks Research raised Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. Cantor Fitzgerald began coverage on Factorial Energy in a research report on Tuesday, June 23rd. They set an “overweight” rating and a $18.00 target price on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Factorial Energy Trading Down 3.5%

Factorial Energy stock opened at $5.72 on Friday. The company has a market capitalization of $612.15 million, a price-to-earnings ratio of 23.83 and a beta of 1.27. Factorial Energy has a 1 year low of $4.24 and a 1 year high of $25.33.

Factorial Energy Company Profile

We are a blank check company incorporated on October 29, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.