Factorial Energy (NASDAQ:FAC) Earns Outperform Rating from Analysts at Oppenheimer

Oppenheimer assumed coverage on shares of Factorial Energy (NASDAQ:FAC) in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage issued an outperform rating and a $8.00 price objective on the stock.

Other equities analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Factorial Energy from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 16th. Zacks Research raised shares of Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. Cantor Fitzgerald restated an “overweight” rating and set a $18.00 price target on shares of Factorial Energy in a report on Wednesday, August 12th. Finally, Weiss Ratings began coverage on shares of Factorial Energy in a report on Wednesday, August 12th. They set a “sell (e-)” rating for the company. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.00.

Factorial Energy Stock Performance

NASDAQ FAC opened at $5.26 on Tuesday. Factorial Energy has a 52 week low of $4.24 and a 52 week high of $25.33. The business’s fifty day moving average is $6.90. The stock has a market cap of $562.93 million, a price-to-earnings ratio of -7.97 and a beta of 1.25.

Factorial Energy (NASDAQ:FAC) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. As a group, equities research analysts expect that Factorial Energy will post -0.28 earnings per share 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.