Factorial Energy (NASDAQ:FAC) Cut to “Strong Sell” at Wall Street Zen

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

A number of other equities analysts have also weighed in on FAC. Weiss Ratings began coverage on Factorial Energy in a research note on Wednesday, August 12th. They set a “sell (e-)” rating for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $18.00 target price on shares of Factorial Energy in a research note on Wednesday, August 12th. Finally, Zacks Research raised Factorial Energy to a “hold” rating in a 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 data from MarketBeat.com, Factorial Energy currently has an average rating of “Hold” and a consensus target price of $18.00.

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Factorial Energy Price Performance

NASDAQ:FAC opened at $4.92 on Friday. The firm has a market capitalization of $526.54 million, a price-to-earnings ratio of -7.45 and a beta of 1.27. Factorial Energy has a 1-year low of $4.24 and a 1-year high of $25.33. The business has a fifty day simple moving average of $7.24.

Factorial Energy (NASDAQ:FAC – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share (EPS) for the quarter. Equities research analysts forecast that Factorial Energy will post -0.28 EPS for the current fiscal year.

About Factorial Energy

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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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