Factorial Energy (NASDAQ:FAC) Given “Overweight” Rating at Cantor Fitzgerald

Factorial Energy (NASDAQ:FAC)‘s stock had its “overweight” rating reaffirmed by Cantor Fitzgerald in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $18.00 price target on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 202.01% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Factorial Energy to a “sell” rating in a report on Saturday. Zacks Research raised shares of Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.00.

Factorial Energy Price Performance

FAC stock opened at $5.96 on Wednesday. Factorial Energy has a 52 week low of $4.24 and a 52 week high of $25.33. The stock has a market capitalization of $637.86 million, a P/E ratio of 24.83 and a beta of 1.27.

Factorial Energy (NASDAQ:FAC) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.85) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that Factorial Energy will post -0.19 earnings per share for the current fiscal year.

About Factorial Energy

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.