ARS Investment Partners LLC Acquires 6,510 Shares of Complete Solaria, Inc. (NASDAQ:CSLR)

ARS Investment Partners LLC raised its holdings in Complete Solaria, Inc. (NASDAQ:CSLR) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,795 shares of the company’s stock after buying an additional 6,510 shares during the period. ARS Investment Partners LLC owned about 0.08% of Complete Solaria worth $109,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in Complete Solaria in the 3rd quarter valued at $129,000. Jane Street Group LLC acquired a new position in shares of Complete Solaria in the third quarter valued at $51,000. State Street Corp raised its position in shares of Complete Solaria by 57.7% in the third quarter. State Street Corp now owns 106,600 shares of the company’s stock valued at $300,000 after purchasing an additional 39,000 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Complete Solaria during the 3rd quarter worth about $81,000. 30.25% of the stock is owned by institutional investors and hedge funds.

Complete Solaria Price Performance

NASDAQ:CSLR opened at $1.85 on Wednesday. The stock has a 50 day simple moving average of $1.80 and a 200 day simple moving average of $1.92. Complete Solaria, Inc. has a 1-year low of $0.20 and a 1-year high of $3.37.

Insiders Place Their Bets

In related news, Director Adam Gishen sold 100,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $1.60, for a total transaction of $160,000.00. Following the sale, the director now owns 167,742 shares of the company’s stock, valued at $268,387.20. This represents a 37.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Solis Holdings L.L.C. Crsef sold 56,509 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $2.03, for a total value of $114,713.27. Following the transaction, the insider now owns 2,020,865 shares in the company, valued at approximately $4,102,355.95. This trade represents a 2.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 234,596 shares of company stock worth $432,445 in the last 90 days. Company insiders own 44.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.00 price target on shares of Complete Solaria in a research note on Thursday, November 14th.

Complete Solaria 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.