CSLM Acquisition Corp. (NASDAQ:SPWR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of CSLM Acquisition Corp. (NASDAQ:SPWR) have been given a consensus rating of “Moderate Buy” by the five brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $5.70.

Several research firms recently weighed in on SPWR. Wall Street Zen raised CSLM Acquisition from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Northland Securities raised their price objective on CSLM Acquisition from $3.00 to $5.40 and gave the company an “outperform” rating in a report on Friday, September 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of CSLM Acquisition in a report on Wednesday, October 8th. Finally, Northland Capmk raised CSLM Acquisition to a “strong-buy” rating in a report on Monday, September 8th.

Insider Buying and Selling

In other CSLM Acquisition news, Director Adam Gishen sold 20,000 shares of CSLM Acquisition stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $2.04, for a total transaction of $40,800.00. Following the transaction, the director directly owned 99,999 shares of the company’s stock, valued at approximately $203,997.96. The trade was a 16.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 32.30% of the company’s stock.

CSLM Acquisition Price Performance

NASDAQ SPWR opened at $1.80 on Tuesday. CSLM Acquisition has a twelve month low of $1.19 and a twelve month high of $2.50. The company has a market cap of $149.60 million, a price-to-earnings ratio of -2.57 and a beta of 0.80. The business’s fifty day moving average is $1.72 and its 200 day moving average is $1.68.

CSLM Acquisition (NASDAQ:SPWR) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($0.28) earnings per share 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 firm had revenue of $67.52 million for the quarter, compared to analyst estimates of $52.26 million.

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.