CSLM Acquisition (NASDAQ:SPWR) Now Covered by Northland Securities

Northland Securities started coverage on shares of CSLM Acquisition (NASDAQ:SPWR) in a research report report published on Monday, Marketbeat.com reports. The brokerage issued an outperform rating and a $3.00 price objective on the stock.

Separately, Wall Street Zen lowered CSLM Acquisition from a “buy” rating to a “hold” rating in a report on Thursday, June 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $4.50.

CSLM Acquisition Stock Up 1.4%

SPWR opened at $1.50 on Monday. The company has a fifty day moving average price of $1.65 and a two-hundred day moving average price of $1.65. CSLM Acquisition has a 1-year low of $1.19 and a 1-year high of $3.37.

CSLM Acquisition (NASDAQ:SPWR) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.29). The company had revenue of $67.52 million for 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 Investors Weigh In On CSLM Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC lifted its position 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 acquiring an additional 17,429 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in CSLM Acquisition by 108.5% during 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, OMERS ADMINISTRATION Corp bought a new stake in CSLM Acquisition during the 4th quarter worth approximately $250,000. Institutional investors and hedge funds own 47.36% 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.