CSLM Acquisition (NASDAQ:SPWR) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• CSLM Acquisition (NASDAQ:SPWR) has been assigned a "sell (D-)" rating by Weiss Ratings, indicating negative outlook on the stock's performance.
• The stock has seen a recent decline of 3.8%, trading at $1.79, with a 52-week range between $1.19 and $2.55.
• Despite the sell rating from Weiss, the consensus from other analysts is a "Moderate Buy" with a target price of $5.70, suggesting potential for recovery.

CSLM Acquisition (NASDAQ:SPWR - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

SPWR has been the subject of several other reports. Northland Capmk upgraded CSLM Acquisition to a "strong-buy" rating in a research note on Monday, September 8th. Northland Securities increased their price objective on CSLM Acquisition from $3.00 to $5.40 and gave the stock an "outperform" rating in a research note on Friday, September 26th. Finally, Wall Street Zen upgraded CSLM Acquisition from a "sell" rating to a "hold" rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $5.70.

CSLM Acquisition Stock Down 3.8%

SPWR stock traded down $0.07 during midday trading on Wednesday, hitting $1.79. The stock had a trading volume of 1,211,398 shares, compared to its average volume of 1,324,712. CSLM Acquisition has a 52 week low of $1.19 and a 52 week high of $2.55. The stock has a 50-day simple moving average of $1.62 and a 200 day simple moving average of $1.65.

CSLM Acquisition (NASDAQ:SPWR - Get Free Report) last issued 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). The firm had revenue of $67.52 million during the quarter, compared to the consensus estimate of $52.26 million. CSLM Acquisition had a negative return on equity of 0.35% and a negative net margin of 18.51%.

Institutional Trading of CSLM Acquisition

An institutional investor recently raised its position in CSLM Acquisition stock. Millennium Management LLC grew its holdings in CSLM Acquisition Corp. (NASDAQ:SPWR - Free Report) by 173.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,497 shares of the company's stock after buying an additional 17,429 shares during the quarter. Millennium Management LLC's holdings in CSLM Acquisition were worth $49,000 at the end of the most recent reporting period. 47.36% of the stock is currently owned by institutional investors.

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.

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