Factorial Energy (NASDAQ:FAC – Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $6.08, but opened at $5.66. Factorial Energy shares last traded at $5.8550, with a volume of 150,038 shares trading hands.
Wall Street Analysts Forecast Growth
FAC has been the topic of a number of research reports. Zacks Research upgraded Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. Cantor Fitzgerald initiated coverage on Factorial Energy in a report on Tuesday, June 23rd. They issued an “overweight” rating and a $18.00 price objective for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.
Get Our Latest Stock Analysis on Factorial Energy
Factorial Energy Trading Down 2.1%
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.
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