Factorial Energy (NASDAQ:FAC) Now Covered by Cantor Fitzgerald

Research analysts at Cantor Fitzgerald began coverage on shares of Factorial Energy (NASDAQ:FAC) in a research report issued to clients and investors on Tuesday. The brokerage set an “overweight” rating and a $18.00 price target on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 30.43% from the stock’s previous close.

Factorial Energy Stock Down 1.4%

FAC opened at $13.80 on Tuesday. The stock has a market capitalization of $476.10 million and a PE ratio of 57.50. Factorial Energy has a 1 year low of $9.26 and a 1 year high of $25.33.

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.