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

Complete Solaria (NASDAQ:CSLR)‘s stock had its “overweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research note issued on Thursday,Benzinga reports. They presently have a $6.00 price target on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 237.08% from the company’s current price.

Complete Solaria Trading Down 3.8 %

Complete Solaria stock traded down $0.07 during midday trading on Thursday, reaching $1.78. The company’s stock had a trading volume of 57,850 shares, compared to its average volume of 1,306,307. Complete Solaria has a 52-week low of $0.20 and a 52-week high of $3.37. The stock’s 50-day simple moving average is $2.32 and its 200-day simple moving average is $1.73.

Complete Solaria (NASDAQ:CSLR) last released its earnings results on Wednesday, August 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.16). The company had revenue of $4.49 million for the quarter, compared to the consensus estimate of $11.00 million.

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 stock was 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 in the company, valued at $591,048.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder Solis Holdings L.L.C. Crsef sold 924,466 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the sale, the insider now directly owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Adam Gishen sold 15,526 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $1.75, for a total transaction of $27,170.50. Following the completion of the sale, the director now owns 337,742 shares in the company, valued at $591,048.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,721,540 shares of company stock valued at $3,762,066 over the last ninety days. 92.48% of the stock is currently owned by insiders.

About Complete Solaria

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.