FY2025 EPS Forecast for CSLM Acquisition Cut by Analyst

CSLM Acquisition Corp. (NASDAQ:SPWR - Free Report) - Equities researchers at Cantor Fitzgerald lowered their FY2025 earnings estimates for CSLM Acquisition in a report issued on Thursday, July 10th. Cantor Fitzgerald analyst D. Soderberg now forecasts that the company will post earnings per share of $0.03 for the year, down from their prior forecast of $0.08. Cantor Fitzgerald also issued estimates for CSLM Acquisition's FY2026 earnings at $0.16 EPS.

Separately, Wall Street Zen lowered shares of CSLM Acquisition from a "buy" rating to a "hold" rating in a research note on Thursday, June 5th.

CSLM Acquisition Price Performance

Shares of NASDAQ SPWR traded down $0.02 during mid-day trading on Friday, reaching $1.65. 756,882 shares of the company traded hands, compared to its average volume of 730,843. CSLM Acquisition has a fifty-two week low of $1.06 and a fifty-two week high of $3.37. The stock has a fifty day simple moving average of $1.73 and a 200-day simple moving average of $1.72.

Institutional Trading of CSLM Acquisition

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

Insiders Place Their Bets

In other CSLM Acquisition news, CEO Thurman J. Rodgers bought 606,000 shares of CSLM Acquisition stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average cost of $1.68 per share, for a total transaction of $1,018,080.00. Following the completion of the acquisition, the chief executive officer owned 463,589 shares of the company's stock, valued at approximately $778,829.52. This represents a -425.53% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 32.30% of the company's stock.

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.