CSLM Acquisition (NASDAQ:SPWR) Rating Lowered to Sell at Wall Street Zen

CSLM Acquisition (NASDAQ:SPWR) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other equities analysts have also issued reports on the company. Northland Securities assumed coverage on CSLM Acquisition in a research note on Monday, September 8th. They set an “outperform” rating and a $3.00 price target on the stock. Northland Capmk raised CSLM Acquisition to a “strong-buy” rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, CSLM Acquisition has a consensus rating of “Buy” and a consensus price target of $4.50.

CSLM Acquisition Trading Down 0.6%

CSLM Acquisition stock opened at $1.54 on Friday. The business’s 50-day simple moving average is $1.63 and its 200-day simple moving average is $1.65. CSLM Acquisition has a 52 week low of $1.19 and a 52 week high of $3.37.

CSLM Acquisition (NASDAQ:SPWR) last posted its quarterly earnings data on Wednesday, August 13th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.29). CSLM Acquisition had a negative return on equity of 0.35% and a negative net margin of 18.51%.The business had revenue of $67.52 million during the quarter, compared to the consensus estimate of $52.26 million.

Institutional Trading of CSLM Acquisition

An institutional investor recently raised its position in CSLM Acquisition stock. Millennium Management LLC raised its holdings in shares of CSLM Acquisition Corp. (NASDAQ:SPWR) by 173.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 27,497 shares of the company’s stock after acquiring an additional 17,429 shares during the period. Millennium Management LLC’s holdings in CSLM Acquisition were worth $49,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 47.36% of the company’s stock.

CSLM Acquisition Company Profile

Complete Solaria, Inc engages in the provision of solar services. It offers sales enablement, project management, partner coordination, and customer communication. The company is headquartered in San Ramon, CA and does business as SunPower Corporation.