CSLM Acquisition (SPWR) Expected to Release Earnings on Tuesday

CSLM Acquisition (NASDAQ:SPWR) is anticipated to announce its results before the market opens on Tuesday, July 28th. Analysts expect the company to announce earnings of ($0.1050) per share and revenue of $76.00 million for the quarter.

CSLM Acquisition Stock Up 8.9%

Shares of NASDAQ SPWR opened at $0.66 on Wednesday. CSLM Acquisition has a twelve month low of $0.58 and a twelve month high of $2.27. The stock has a market cap of $96.62 million, a price-to-earnings ratio of -1.41 and a beta of 0.65. The company’s fifty day moving average is $0.82 and its 200-day moving average is $1.18.

Analysts Set New Price Targets

Several brokerages recently commented on SPWR. Wall Street Zen downgraded CSLM Acquisition from a “hold” rating to a “sell” rating in a research note 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 research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, CSLM Acquisition currently has an average rating of “Hold” and an average target price of $5.40.

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.