CSLM Acquisition (NASDAQ:SPWR) Shares Down 9.2% – Time to Sell?

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SPWR shares. Weiss Ratings cut shares of CSLM Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Wall Street Zen lowered shares of CSLM Acquisition from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, CSLM Acquisition has a consensus rating of “Hold” and an average target price of $5.40.

CSLM Acquisition Price Performance

The stock has a market cap of $92.17 million, a PE ratio of -1.34 and a beta of 0.59. The business has a fifty day moving average of $0.99 and a 200-day moving average of $1.33.

CSLM Acquisition (NASDAQ:SPWR) last announced its quarterly earnings data on Tuesday, April 14th. The company reported ($0.14) earnings per share (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.