Factorial Energy (NASDAQ:FAC) Stock Rating Lowered by Wall Street Zen

Factorial Energy (NASDAQ:FAC) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Sunday.

A number of other equities research analysts also recently issued reports on the company. Weiss Ratings started coverage on Factorial Energy in a research report on Wednesday, August 12th. They set a “sell (e-)” rating on the stock. Zacks Research raised Factorial Energy to a “hold” rating in a report on Wednesday, June 24th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $18.00 target price on shares of Factorial Energy in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Factorial Energy has a consensus rating of “Hold” and a consensus price target of $18.00.

Factorial Energy Stock Down 4.8%

NASDAQ FAC opened at $4.91 on Friday. The stock has a market capitalization of $525.48 million, a price-to-earnings ratio of -7.44 and a beta of 1.25. Factorial Energy has a 12-month low of $4.24 and a 12-month high of $25.33.

Factorial Energy (NASDAQ:FAC) last announced its earnings results on Tuesday, August 11th. The company reported ($0.85) EPS for the quarter. On average, research analysts forecast that Factorial Energy will post -0.28 EPS for the current fiscal 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.