Northland Capmk Upgrades CSLM Acquisition (NASDAQ:SPWR) to “Strong-Buy”

CSLM Acquisition (NASDAQ:SPWR) was upgraded by investment analysts at Northland Capmk to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Wall Street Zen lowered CSLM Acquisition from a “buy” rating to a “hold” rating in a report on Thursday, June 5th. Northland Securities started coverage on CSLM Acquisition in a report on Monday. They set an “outperform” rating and a $3.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $4.50.

CSLM Acquisition Price Performance

SPWR stock opened at $1.50 on Monday. CSLM Acquisition has a twelve month low of $1.19 and a twelve month high of $3.37. The stock has a 50-day simple moving average of $1.66 and a two-hundred day simple moving average of $1.65.

CSLM Acquisition (NASDAQ:SPWR) last posted its earnings results on Wednesday, August 13th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.29). The company had revenue of $67.52 million for the quarter, compared to analysts’ expectations of $52.26 million. CSLM Acquisition had a negative net margin of 18.51% and a negative return on equity of 0.35%.

Institutional Trading of CSLM Acquisition

A number of hedge funds have recently bought and sold shares of the company. OMERS ADMINISTRATION Corp bought a new stake in CSLM Acquisition in the fourth quarter valued at approximately $250,000. Bridgeway Capital Management LLC lifted its position in CSLM Acquisition by 108.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 134,500 shares of the company’s stock valued at $241,000 after purchasing an additional 70,000 shares during the last quarter. Finally, Millennium Management LLC lifted its position in CSLM Acquisition by 173.1% in the fourth quarter. Millennium Management LLC now owns 27,497 shares of the company’s stock valued at $49,000 after purchasing an additional 17,429 shares during the last quarter. Institutional investors own 47.36% of the company’s stock.

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.