Wall Street Zen Upgrades Factorial Energy (NASDAQ:FAC) to “Sell”

Factorial Energy (NASDAQ:FAC) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a note issued to investors on Saturday.

Other research analysts have also issued research reports about the stock. Zacks Research raised shares of Factorial Energy to a “hold” rating in a research note on Wednesday, June 24th. Cantor Fitzgerald initiated coverage on shares of Factorial Energy in a research note on Tuesday, June 23rd. They issued an “overweight” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Factorial Energy Price Performance

NASDAQ FAC opened at $5.93 on Friday. The firm has a market cap of $634.63 million, a PE ratio of 24.71 and a beta of 1.27. Factorial Energy has a twelve month low of $4.24 and a twelve month high of $25.33.

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.