Factorial Energy (NASDAQ:FAC) Lowered to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Factorial Energy (NASDAQ:FAC) from a sell rating to a strong sell rating in a research report report published on Sunday morning.

A number of other brokerages also recently commented on FAC. Weiss Ratings initiated coverage on shares of Factorial Energy in a report on Wednesday. They issued a “sell (e-)” rating for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $18.00 price target on shares of Factorial Energy in a report on Wednesday, August 12th. Finally, Zacks Research raised shares of Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.00.

Factorial Energy Stock Performance

Shares of NASDAQ:FAC opened at $5.16 on Friday. The firm has a market capitalization of $552.22 million, a PE ratio of -7.82 and a beta of 1.27. Factorial Energy has a 12-month low of $4.24 and a 12-month high of $25.33.

Factorial Energy (NASDAQ:FAC) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. On average, equities research analysts forecast that Factorial Energy will post -0.28 EPS for the current year.

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.