CSLM Acquisition Corp. (NASDAQ:SPWR - Get Free Report) shares rose 4.2% on Monday . The company traded as high as $1.80 and last traded at $1.75. Approximately 2,172,069 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 1,885,794 shares. The stock had previously closed at $1.68.
Analyst Upgrades and Downgrades
SPWR has been the topic of a number of research reports. Northland Securities lifted their price target on shares of CSLM Acquisition from $3.00 to $5.40 and gave the company an "outperform" rating in a research note on Friday, September 26th. Northland Capmk raised shares of CSLM Acquisition to a "strong-buy" rating in a research report on Monday, September 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of CSLM Acquisition in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of CSLM Acquisition from a "sell" rating to a "hold" rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, CSLM Acquisition currently has a consensus rating of "Moderate Buy" and an average price target of $5.70.
Check Out Our Latest Stock Report on CSLM Acquisition
CSLM Acquisition Trading Up 4.2%
The stock's fifty day moving average is $1.66 and its two-hundred day moving average is $1.65.
CSLM Acquisition (NASDAQ:SPWR - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.29). The firm had revenue of $67.52 million for the quarter, compared to analyst estimates of $52.26 million. CSLM Acquisition had a negative return on equity of 0.35% and a negative net margin of 18.51%.
CSLM Acquisition Company Profile
(
Get Free Report)
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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