Polar Asset Management Partners Inc. Makes New $1.44 Million Investment in CSLM Acquisition Corp. $SPWR

Polar Asset Management Partners Inc. acquired a new stake in shares of CSLM Acquisition Corp. (NASDAQ:SPWR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,089,728 shares of the company’s stock, valued at approximately $1,436,000. Polar Asset Management Partners Inc. owned 0.97% of CSLM Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in SPWR. BlackRock Inc. purchased a new stake in CSLM Acquisition during the 2nd quarter valued at $862,000. Carlyle Group Inc. bought a new position in shares of CSLM Acquisition during the second quarter valued at about $1,611,000. Finally, Yorkville Advisors Global LP purchased a new stake in shares of CSLM Acquisition during the second quarter worth about $378,537,000. 47.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPWR has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CSLM Acquisition in a research report on Friday, July 24th. Wall Street Zen upgraded CSLM Acquisition from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.40.

CSLM Acquisition Stock Performance

SPWR stock opened at $0.30 on Thursday. CSLM Acquisition Corp. has a fifty-two week low of $0.20 and a fifty-two week high of $2.27. The company has a market capitalization of $64.57 million, a price-to-earnings ratio of -0.64 and a beta of 0.71. The business’s 50 day moving average price is $0.47 and its two-hundred day moving average price is $0.93.

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.