Factorial Energy (NASDAQ:FAC) Stock Price Up 7.9% – Here’s What Happened

Factorial Energy (NASDAQ:FAC) shares were up 7.9% on Tuesday . The company traded as high as $4.99 and last traded at $4.9620. 92,452 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 289,954 shares. The stock had previously closed at $4.60.

Analysts Set New Price Targets

Several brokerages recently commented on FAC. Cantor Fitzgerald reiterated an “overweight” rating and issued a $18.00 target price on shares of Factorial Energy in a report on Wednesday, August 12th. Oppenheimer began coverage on shares of Factorial Energy in a research report on Tuesday. They set an “outperform” rating and a $8.00 target price on the stock. Wall Street Zen cut shares of Factorial Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, August 16th. Weiss Ratings started coverage on shares of Factorial Energy in a report on Wednesday, August 12th. They set a “sell (e-)” rating on the stock. Finally, Zacks Research upgraded Factorial Energy to a “hold” rating in a report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.00.

Factorial Energy Stock Up 14.8%

The firm has a 50 day moving average of $7.01. The company has a market capitalization of $564.96 million, a PE ratio of -7.96 and a beta of 1.27.

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

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.