Oppenheimer Begins Coverage on Factorial Energy (NASDAQ:FAC)

Key Points

• Oppenheimer initiated coverage of Factorial Energy with an “outperform” rating and an $8.00 price target, implying nearly 54% upside from the prior close.
• Analyst sentiment is mixed: Factorial has a consensus “Hold” rating and an average price target of $13.00, with ratings ranging from Buy to Strong Sell.
• Shares rose 12.9% to $5.20, but remain well below their 52-week high of $25.33. The company reported a quarterly loss of $0.85 per share and is expected to post a full-year loss.

Analysts at Oppenheimer began coverage on shares of Factorial Energy (NASDAQ:FAC - Get Free Report) in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm set an "outperform" rating and a $8.00 price target on the stock. Oppenheimer's price objective would suggest a potential upside of 53.99% from the stock's previous close.

A number of other research analysts have also issued reports on FAC. Cantor Fitzgerald reiterated an "overweight" rating and issued a $18.00 price objective on shares of Factorial Energy in a report on Wednesday, August 12th. Zacks Research upgraded shares of Factorial Energy to a "hold" rating in a research report on Wednesday, June 24th. Wall Street Zen downgraded shares of Factorial Energy from a "sell" rating to a "strong sell" rating in a research note on Sunday, August 16th. Finally, Weiss Ratings initiated coverage on shares of Factorial Energy in a report on Wednesday, August 12th. They set a "sell (e-)" rating on the stock. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Factorial Energy has a consensus rating of "Hold" and an average price target of $13.00.

Factorial Energy Stock Up 12.9%

NASDAQ:FAC traded up $0.59 on Tuesday, hitting $5.20. The company had a trading volume of 155,414 shares, compared to its average volume of 290,347. Factorial Energy has a 52 week low of $4.24 and a 52 week high of $25.33. The stock has a market cap of $555.97 million, a PE ratio of -7.93 and a beta of 1.27. The company's 50 day moving average price is $7.01.

Factorial Energy (NASDAQ:FAC - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.85) earnings per share for the quarter. As a group, equities analysts expect that Factorial Energy will post -0.28 earnings per share for the current fiscal 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.

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