Complete Solaria (NASDAQ:CSLR) Shares Up 5.6%

Complete Solaria, Inc. (NASDAQ:CSLR) shares rose 5.6% during mid-day trading on Wednesday . The stock traded as high as $1.92 and last traded at $1.90. Approximately 233,666 shares were traded during trading, a decline of 84% from the average daily volume of 1,425,810 shares. The stock had previously closed at $1.80.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 price target on shares of Complete Solaria in a research note on Friday, August 16th.

Complete Solaria Price Performance

The business’s 50 day moving average is $1.62 and its 200-day moving average is $1.19.

Complete Solaria (NASDAQ:CSLR) last issued its quarterly 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 the consensus estimate of $11.00 million. On average, equities analysts anticipate that Complete Solaria, Inc. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling at Complete Solaria

In other 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 $591,048.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Adam Gishen sold 15,526 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $1.75, for a total transaction of $27,170.50. Following the completion of the transaction, the director now directly owns 337,742 shares in the company, valued at $591,048.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tidjane Thiam sold 30,000 shares of the stock in a transaction on Friday, August 16th. The shares were 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 $252,212.16. The disclosure for this sale can be found here. Insiders have sold a total of 80,669 shares of company stock worth $124,071 over the last 90 days. Insiders own 92.48% of the company’s stock.

Institutional Trading of Complete Solaria

A number of hedge funds have recently made changes to their positions in the company. K2 Principal Fund L.P. raised its holdings in Complete Solaria by 107.1% in the 4th quarter. K2 Principal Fund L.P. now owns 41,623 shares of the company’s stock valued at $67,000 after buying an additional 21,524 shares during the last quarter. Symmetry Peak Management LLC acquired a new position in Complete Solaria in the 4th quarter valued at approximately $48,000. Finally, Carlyle Group Inc. raised its stake in shares of Complete Solaria by 79.8% during the first quarter. Carlyle Group Inc. now owns 4,936,483 shares of the company’s stock valued at $2,715,000 after acquiring an additional 2,190,604 shares during the last quarter. 30.25% of the stock is owned by institutional investors and hedge funds.

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.