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

CSLM Acquisition (NASDAQ:SPWR) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

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

CSLM Acquisition Stock Performance

SPWR opened at $1.54 on Friday. CSLM Acquisition has a 12 month low of $1.19 and a 12 month high of $3.37. The stock’s 50 day moving average price is $1.63 and its 200 day moving average price is $1.65.

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

Institutional Trading of CSLM Acquisition

A hedge fund recently bought a new stake in CSLM Acquisition stock. OMERS ADMINISTRATION Corp acquired a new stake in shares of CSLM Acquisition Corp. (NASDAQ:SPWR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 139,810 shares of the company’s stock, valued at approximately $250,000. OMERS ADMINISTRATION Corp owned about 0.19% of CSLM Acquisition at the end of the most recent quarter. Hedge funds and other institutional investors own 47.36% of the company’s stock.

About CSLM Acquisition

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.