CSLM Acquisition (NASDAQ:SPWR) Releases Quarterly Earnings Results, Beats Expectations By $0.34 EPS

CSLM Acquisition (NASDAQ:SPWR) posted its earnings results on Tuesday. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.34, FiscalAI reports. The company had revenue of $72.79 million during the quarter, compared to analysts’ expectations of $77.50 million. CSLM Acquisition had a negative net margin of 15.12% and a negative return on equity of 16.64%.

CSLM Acquisition Stock Performance

Shares of NASDAQ:SPWR traded down $0.12 on Tuesday, reaching $1.03. The company’s stock had a trading volume of 515,544 shares, compared to its average volume of 1,641,901. The company has a 50-day simple moving average of $1.17 and a 200 day simple moving average of $1.50. The company has a market cap of $129.82 million, a P/E ratio of -2.18 and a beta of 0.51. CSLM Acquisition has a 52-week low of $0.81 and a 52-week high of $2.27.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded CSLM Acquisition from a “sell (d-)” rating to a “sell (e+)” rating in a research report 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. According to data from MarketBeat.com, CSLM Acquisition presently has an average rating of “Hold” and a consensus price target 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.