Cantor Fitzgerald Reiterates “Overweight” Rating for Factorial Energy (NASDAQ:FAC)

Factorial Energy (NASDAQ:FAC)‘s stock had its “overweight” rating reaffirmed by Cantor Fitzgerald in a report issued on Wednesday,Benzinga reports. They presently have a $18.00 target price on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 202.01% from the stock’s current price.

Several other research firms have also recently weighed in on FAC. Zacks Research raised shares of Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. Wall Street Zen raised shares of Factorial Energy to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Factorial Energy Trading Up 4.2%

Shares of NASDAQ:FAC opened at $5.96 on Wednesday. Factorial Energy has a one year low of $4.24 and a one year high of $25.33. The stock has a market cap of $637.86 million, a price-to-earnings ratio of 24.83 and a beta of 1.27.

Factorial Energy (NASDAQ:FAC) last released its earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share (EPS) for the quarter. As a group, equities analysts forecast that Factorial Energy will post -0.19 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.