Factorial Energy (NASDAQ:FAC) Shares Gap Up – Here’s What Happened

Shares of Factorial Energy (NASDAQ:FAC) gapped up before the market opened on Monday . The stock had previously closed at $5.16, but opened at $5.36. Factorial Energy shares last traded at $5.0710, with a volume of 39,032 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FAC. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $18.00 price objective on shares of Factorial Energy in a research note on Wednesday, August 12th. Zacks Research raised shares of Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. Weiss Ratings assumed coverage on Factorial Energy in a report on Wednesday. They issued a “sell (e-)” rating for the company. Finally, Wall Street Zen cut Factorial Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Factorial Energy has an average rating of “Hold” and an average target price of $18.00.

Factorial Energy Price Performance

The firm has a market cap of $553.83 million, a price-to-earnings ratio of -7.84 and a beta of 1.27.

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