FY2025 EPS Estimate for CSLM Acquisition Lowered by Analyst

CSLM Acquisition Corp. (NASDAQ:SPWR - Free Report) - Stock analysts at Cantor Fitzgerald reduced their FY2025 earnings estimates for CSLM Acquisition in a research note issued on Thursday, July 10th. Cantor Fitzgerald analyst D. Soderberg now forecasts that the company will earn $0.03 per share for the year, down from their previous estimate of $0.08. Cantor Fitzgerald also issued estimates for CSLM Acquisition's FY2026 earnings at $0.16 EPS.

A number of other equities research analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of CSLM Acquisition from a "buy" rating to a "hold" rating in a research report on Thursday, June 5th. Janney Montgomery Scott cut CSLM Acquisition from a "buy" rating to a "neutral" rating in a report on Thursday, March 13th.

CSLM Acquisition Price Performance

CSLM Acquisition stock traded down $0.12 during midday trading on Friday, hitting $1.67. The company's stock had a trading volume of 990,684 shares, compared to its average volume of 1,465,325. CSLM Acquisition has a 1-year low of $1.06 and a 1-year high of $3.37. The company has a 50-day moving average price of $1.72 and a two-hundred day moving average price of $1.72.

Institutional Investors Weigh In On CSLM Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPWR. Millennium Management LLC lifted its stake in CSLM Acquisition by 173.1% in the 4th quarter. Millennium Management LLC now owns 27,497 shares of the company's stock valued at $49,000 after purchasing an additional 17,429 shares during the last quarter. Diametric Capital LP boosted its holdings in shares of CSLM Acquisition by 35.8% during the 4th quarter. Diametric Capital LP now owns 229,912 shares of the company's stock valued at $412,000 after acquiring an additional 60,600 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in CSLM Acquisition during the 4th quarter worth $250,000. Bridgeway Capital Management LLC increased its holdings in CSLM Acquisition by 108.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 134,500 shares of the company's stock worth $241,000 after purchasing an additional 70,000 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in CSLM Acquisition by 1,538.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 219,080 shares of the company's stock valued at $392,000 after purchasing an additional 205,711 shares during the last quarter. 47.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Thurman J. Rodgers purchased 606,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was bought at an average price of $1.68 per share, with a total value of $1,018,080.00. Following the acquisition, the chief executive officer owned 463,589 shares in the company, valued at approximately $778,829.52. The trade was a -425.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 32.30% of the stock is currently owned by corporate insiders.

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.