Shares of Factorial Energy (NASDAQ:FAC – Get Free Report) traded up 3.2% during mid-day trading on Wednesday. The company traded as high as $6.60 and last traded at $6.3450. Approximately 59,607 shares changed hands during trading, a decline of 80% from the average daily volume of 303,867 shares. The stock had previously closed at $6.15.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on FAC shares. Wall Street Zen cut Factorial Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, August 16th. Weiss Ratings upgraded Factorial Energy from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday, September 1st. Oppenheimer assumed coverage on shares of Factorial Energy in a research note on Tuesday, August 25th. They set an “outperform” rating and a $8.00 price objective for the company. Zacks Research upgraded shares of Factorial Energy to a “hold” rating in a research report on Wednesday, June 24th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $18.00 target price on shares of Factorial Energy in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.00.
Check Out Our Latest Analysis on Factorial Energy
Factorial Energy Trading Down 6.2%
Factorial Energy (NASDAQ:FAC – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. As a group, equities analysts predict that Factorial Energy will post -0.28 EPS for the current fiscal year.
About Factorial Energy
Factorial Energy is a battery technology company focused on developing solid-state batteries for electric vehicles and other energy-storage applications. The company’s technology is designed to replace conventional liquid electrolytes with solid materials, with the goal of improving energy density, safety and charging performance compared with traditional lithium-ion batteries.
Factorial’s product development centers on its FEST (Factorial Electrolyte System Technology) platform, which is intended to support lithium-metal and other solid-state battery designs.
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