Complete Solaria (NASDAQ:CSLR) Given “Overweight” Rating at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Complete Solaria (NASDAQ:CSLR) in a research report report published on Tuesday, Benzinga reports. The firm currently has a $6.00 target price on the stock.

Complete Solaria Trading Down 12.6 %

Shares of NASDAQ CSLR opened at $2.46 on Tuesday. Complete Solaria has a 52-week low of $0.20 and a 52-week high of $3.37. The firm’s fifty day moving average is $1.93 and its two-hundred day moving average is $1.36.

Complete Solaria (NASDAQ:CSLR) last issued its earnings results on Wednesday, August 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.16). The firm had revenue of $4.49 million during the quarter, compared to analysts’ expectations of $11.00 million. On average, research analysts forecast that Complete Solaria will post -0.33 earnings per share for the current year.

Insider Activity

In related news, Director Adam Gishen sold 15,526 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1.75, for a total value of $27,170.50. Following the completion of the transaction, the director now directly owns 337,742 shares of the company’s stock, valued at $591,048.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Adam Gishen sold 15,526 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $1.75, for a total value of $27,170.50. Following the completion of the transaction, the director now owns 337,742 shares of the company’s stock, valued at approximately $591,048.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Tidjane Thiam sold 30,000 shares of Complete Solaria stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $1.59, for a total value of $47,700.00. Following the completion of the transaction, the director now owns 158,624 shares of the company’s stock, valued at approximately $252,212.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,669 shares of company stock worth $124,071. 92.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Complete Solaria

Several large investors have recently modified their holdings of CSLR. K2 Principal Fund L.P. lifted its position in Complete Solaria by 107.1% in the fourth quarter. K2 Principal Fund L.P. now owns 41,623 shares of the company’s stock worth $67,000 after buying an additional 21,524 shares during the last quarter. Symmetry Peak Management LLC purchased a new position in shares of Complete Solaria during the 4th quarter worth about $48,000. Finally, Carlyle Group Inc. boosted its stake in shares of Complete Solaria by 79.8% during the 1st quarter. Carlyle Group Inc. now owns 4,936,483 shares of the company’s stock worth $2,715,000 after purchasing an additional 2,190,604 shares during the period. Institutional investors own 30.25% of the company’s stock.

Complete Solaria Company Profile

Complete Solaria, Inc provides custom solar solutions in the United States. The company offers solar systems to homeowners and small to medium-sized commercial customers. It also provides HelioQuoteTM software system, a platform for residential solar designs, proposals, and engineering services. In addition, the company installs solar systems, as well as provides financing solutions.