Complete Solaria (NASDAQ:CSLR) Rating Reiterated by Cantor Fitzgerald

Complete Solaria (NASDAQ:CSLR)‘s stock had its “overweight” rating restated by analysts at Cantor Fitzgerald in a note issued to investors on Tuesday, Benzinga reports. They currently have a $6.00 price target on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 141.94% from the company’s previous close.

Complete Solaria Stock Up 1.0 %

Shares of NASDAQ:CSLR opened at $2.48 on Tuesday. Complete Solaria has a fifty-two week low of $0.20 and a fifty-two week high of $3.37. The firm’s 50-day simple moving average is $1.95 and its 200-day simple moving average is $1.37.

Complete Solaria (NASDAQ:CSLR) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.16). The business had revenue of $4.49 million during the quarter, compared to the consensus estimate of $11.00 million. Equities research analysts expect that Complete Solaria will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Complete Solaria news, Director Tidjane Thiam sold 30,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $1.59, for a total transaction of $47,700.00. Following the sale, the director now directly owns 158,624 shares in the company, valued at approximately $252,212.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Complete Solaria news, major shareholder Carlyle Group Inc. sold 35,143 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $1.40, for a total transaction of $49,200.20. Following the transaction, the insider now directly owns 4,901,340 shares in the company, valued at $6,861,876. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tidjane Thiam sold 30,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $1.59, for a total transaction of $47,700.00. Following the completion of the transaction, the director now directly 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 80,669 shares of company stock valued at $124,071 over the last quarter. Company insiders own 92.48% of the company’s stock.

Institutional Investors Weigh In On Complete Solaria

A number of institutional investors and hedge funds have recently modified their holdings of the company. K2 Principal Fund L.P. raised its holdings in Complete Solaria by 107.1% during the fourth quarter. K2 Principal Fund L.P. now owns 41,623 shares of the company’s stock worth $67,000 after purchasing an additional 21,524 shares during the last quarter. Symmetry Peak Management LLC acquired a new position in shares of Complete Solaria during the 4th quarter worth $48,000. Finally, Carlyle Group Inc. boosted its position in shares of Complete Solaria by 79.8% in the 1st quarter. Carlyle Group Inc. now owns 4,936,483 shares of the company’s stock worth $2,715,000 after buying an additional 2,190,604 shares in the last quarter. Institutional investors and hedge funds 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.