CSLM Acquisition (NASDAQ:SPWR) Issues Earnings Results

CSLM Acquisition (NASDAQ:SPWR) announced its quarterly earnings results on Friday. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.07), Zacks reports. CSLM Acquisition had a negative return on equity of 0.35% and a negative net margin of 18.51%.

CSLM Acquisition Stock Performance

Shares of NASDAQ SPWR traded up $0.01 during trading on Friday, reaching $1.75. The company had a trading volume of 402,447 shares, compared to its average volume of 1,128,558. CSLM Acquisition has a 52 week low of $1.19 and a 52 week high of $2.50. The business’s 50 day moving average price is $1.71 and its 200-day moving average price is $1.70. The stock has a market cap of $145.03 million, a PE ratio of -2.49 and a beta of 0.80.

Insider Transactions at CSLM Acquisition

In other news, Director Adam Gishen sold 20,000 shares of the business’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $2.04, for a total transaction of $40,800.00. Following the completion of the sale, the director owned 99,999 shares in the company, valued at $203,997.96. The trade was a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 32.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SPWR. Northland Securities boosted their target price on shares of CSLM Acquisition from $3.00 to $5.40 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of CSLM Acquisition in a research note on Wednesday, October 8th. Northland Capmk raised shares of CSLM Acquisition to a “strong-buy” rating in a research note on Monday, September 8th. Finally, Wall Street Zen upgraded CSLM Acquisition from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, CSLM Acquisition currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.40.

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.