CSLM Acquisition (NASDAQ:SPWR) Stock Rating Upgraded by Wall Street Zen

CSLM Acquisition (NASDAQ:SPWR) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Friday.

SPWR has been the topic of several other reports. Northland Capmk raised CSLM Acquisition to a “strong-buy” rating in a research note on Monday, September 8th. Northland Securities increased their target price on CSLM Acquisition from $3.00 to $5.40 and gave the stock an “outperform” rating in a research note on Friday. One investment 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 company’s stock. According to data from MarketBeat.com, CSLM Acquisition has an average rating of “Buy” and an average price target of $5.70.

CSLM Acquisition Trading Up 8.6%

Shares of SPWR stock opened at $1.77 on Friday. CSLM Acquisition has a fifty-two week low of $1.19 and a fifty-two week high of $3.04. The stock has a 50 day moving average price of $1.60 and a two-hundred day moving average price of $1.64.

CSLM Acquisition (NASDAQ:SPWR) last posted its earnings results on Wednesday, August 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.29). CSLM Acquisition had a negative net margin of 18.51% and a negative return on equity of 0.35%. The business had revenue of $67.52 million for the quarter, compared to analysts’ expectations of $52.26 million.

Institutional Trading of CSLM Acquisition

An institutional investor recently raised its position in CSLM Acquisition stock. Millennium Management LLC raised its position in shares of CSLM Acquisition Corp. (NASDAQ:SPWR) by 173.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,497 shares of the company’s stock after buying an additional 17,429 shares during the quarter. Millennium Management LLC’s holdings in CSLM Acquisition were worth $49,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.