Factorial Energy (NASDAQ:FAC) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Factorial Energy (NASDAQ:FAC) to a hold rating in a report issued on Wednesday,Zacks.com reports.

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

Factorial Energy Price Performance

Factorial Energy stock opened at $10.99 on Wednesday. Factorial Energy has a 52 week low of $9.26 and a 52 week high of $25.33. The company has a market capitalization of $379.15 million and a P/E ratio of 45.79.

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.