Oppenheimer initiated coverage on Factorial Energy (FAC) with an Outperform rating and $8 price target, citing its leadership in solid-state battery commercialization. The firm highlighted advantages in development, manufacturability, and customer validation, including tests by Mercedes-Benz and Stellantis. Oppenheimer projects revenue growth from $1.5M in 2027 to $130M in 2030, with expanding gross margins and significant capital raising plans to support scaling in automotive, drone, and defense markets.