Factorial Energy (NASDAQ:FAC – Get Free Report) was down 8.2% during trading on Monday . The company traded as low as $8.60 and last traded at $8.5540. 42,711 shares changed hands during trading, a decline of 83% from the average session volume of 254,366 shares. The stock had previously closed at $9.32.
Wall Street Analysts Forecast Growth
FAC has been the topic of several research reports. Zacks Research upgraded shares of Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. Cantor Fitzgerald began coverage on shares of Factorial Energy in a research report on Tuesday, June 23rd. They set an “overweight” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.00.
Read Our Latest Research Report on Factorial Energy
Factorial Energy Stock Down 26.9%
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.
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