CSLM Acquisition (NASDAQ:SPWR) Shares Down 0.2% – Here’s What Happened

CSLM Acquisition Corp. (NASDAQ:SPWR) traded down 0.2% on Wednesday . The company traded as low as $0.6263 and last traded at $0.6299. Approximately 1,261,920 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 3,526,798 shares. The stock had previously closed at $0.6313.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SPWR shares. Weiss Ratings lowered CSLM Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded shares of CSLM Acquisition from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One equities 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, the company has an average rating of “Hold” and a consensus price target of $5.40.

CSLM Acquisition Stock Performance

The company has a market capitalization of $92.15 million, a price-to-earnings ratio of -1.34 and a beta of 0.65. The company has a fifty day simple moving average of $0.85 and a two-hundred day simple moving average of $1.21.

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

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.