Factorial Energy’s (FAC) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Factorial Energy (NASDAQ:FAC) in a research report report published on Wednesday morning,Benzinga reports. Cantor Fitzgerald currently has a $18.00 target price on the stock.

A number of other research firms have also commented on FAC. Wall Street Zen raised Factorial Energy to a “sell” rating in a report on Saturday, August 8th. Zacks Research upgraded Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.00.

Factorial Energy Price Performance

Shares of FAC opened at $5.16 on Wednesday. The company has a market cap of $552.24 million, a P/E ratio of -7.82 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 posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. On average, equities research analysts predict that Factorial Energy will post -0.28 EPS for the current 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.