Zacks Research Upgrades Factorial Energy (NASDAQ:FAC) to Hold

Factorial Energy (NASDAQ:FAC) was upgraded by research analysts at Zacks Research to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Cantor Fitzgerald assumed coverage on Factorial Energy in a report on Tuesday. They set an “overweight” rating and a $18.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Factorial Energy Stock Down 7.6%

Shares of NASDAQ:FAC opened at $10.99 on Wednesday. Factorial Energy has a twelve month low of $9.26 and a twelve month high of $25.33. The company has a market cap of $379.15 million and a PE ratio of 49.54.

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.