Factorial Energy (NASDAQ:FAC) Coverage Initiated at Oppenheimer

Research analysts at Oppenheimer started coverage on shares of Factorial Energy (NASDAQ:FAC) in a research note issued on Tuesday,Benzinga reports. The firm set an “outperform” rating and a $8.00 price target on the stock. Oppenheimer’s price objective suggests a potential upside of 53.99% from the company’s current price.

Several other equities research analysts also recently weighed in on FAC. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $18.00 price target on shares of Factorial Energy in a research note on Wednesday, August 12th. Wall Street Zen lowered Factorial Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 16th. Zacks Research raised Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. Finally, Weiss Ratings initiated coverage on Factorial Energy in a report on Wednesday, August 12th. They issued a “sell (e-)” rating on the stock. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Factorial Energy Stock Up 12.9%

Shares of Factorial Energy stock traded up $0.59 on Tuesday, reaching $5.20. 155,414 shares of the company’s stock were exchanged, compared to its average volume of 290,347. The firm has a market cap of $555.97 million, a P/E ratio of -7.93 and a beta of 1.27. Factorial Energy has a 52 week low of $4.24 and a 52 week high of $25.33. The business has a 50-day moving average price of $7.01.

Factorial Energy (NASDAQ:FAC) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. Sell-side analysts forecast that Factorial Energy will post -0.28 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.