CSLM Acquisition (NASDAQ:SPWR) Stock Price Down 9.2% – Here’s What Happened

CSLM Acquisition Corp. (NASDAQ:SPWR)’s share price traded down 9.2% during mid-day trading on Tuesday . The company traded as low as $0.6261 and last traded at $0.63. 4,519,466 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 3,925,286 shares. The stock had previously closed at $0.6939.

Analyst Upgrades and Downgrades

SPWR has been the topic of a number of analyst reports. Wall Street Zen cut shares of CSLM Acquisition from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings cut CSLM Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.40.

CSLM Acquisition Price Performance

The stock has a market capitalization of $91.36 million, a PE ratio of -1.33 and a beta of 0.59. The company has a 50 day moving average price of $0.97 and a 200-day moving average price of $1.32.

CSLM Acquisition (NASDAQ:SPWR) last announced its quarterly earnings results on Tuesday, April 14th. The company reported ($0.14) EPS for the quarter. CSLM Acquisition had a negative return on equity of 12.90% and a negative net margin of 14.34%.

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.