Factorial Energy (NASDAQ:FAC) Shares Gap Up – Should You Buy?

Factorial Energy (NASDAQ:FAC)’s share price gapped up prior to trading on Monday . The stock had previously closed at $5.16, but opened at $5.36. Factorial Energy shares last traded at $5.0710, with a volume of 39,032 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently issued reports on FAC. Zacks Research raised Factorial Energy to a “hold” rating in a report on Wednesday, June 24th. Wall Street Zen lowered shares of Factorial Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $18.00 target price on shares of Factorial Energy in a report on Wednesday, August 12th. Finally, Weiss Ratings initiated coverage on shares of Factorial Energy in a research note on Wednesday. They set a “sell (e-)” rating for the company. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Factorial Energy presently has an average rating of “Hold” and a consensus price target of $18.00.

Factorial Energy Price Performance

The company has a market capitalization of $553.83 million, a price-to-earnings ratio of -7.84 and a beta of 1.27.

Factorial Energy (NASDAQ:FAC) last announced its earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share (EPS) for the quarter. Sell-side analysts anticipate that Factorial Energy will post -0.28 EPS for the current year.

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.