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

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

Separately, Cantor Fitzgerald began coverage on shares of Factorial Energy in a report on Tuesday. They issued an “overweight” rating and a $18.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Factorial Energy Trading Down 7.6%

Shares of 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 PE ratio of 45.79.

About Factorial Energy

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.