CSLM Acquisition (NASDAQ:SPWR) Announces Earnings Results

CSLM Acquisition (NASDAQ:SPWR) posted its quarterly earnings data on Tuesday. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.01 by $0.34, FiscalAI reports. CSLM Acquisition had a negative return on equity of 16.64% and a negative net margin of 15.12%.The firm had revenue of $72.79 million for the quarter, compared to the consensus estimate of $77.50 million.

CSLM Acquisition Stock Down 10.1%

SPWR stock traded down $0.12 during trading on Tuesday, reaching $1.03. The company’s stock had a trading volume of 515,544 shares, compared to its average volume of 1,641,901. The company’s fifty day moving average is $1.17 and its 200-day moving average is $1.50. The company has a market capitalization of $129.82 million, a P/E ratio of -2.18 and a beta of 0.51. CSLM Acquisition has a 1 year low of $0.81 and a 1 year high of $2.27.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of CSLM Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, CSLM Acquisition presently has an average rating of “Hold” and a consensus price target 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.