Complete Solaria’s (CSLR) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Complete Solaria (NASDAQ:CSLR) in a research note published on Thursday morning,Benzinga reports. They currently have a $6.00 price target on the stock.

Complete Solaria Price Performance

CSLR traded down $0.32 during trading on Thursday, reaching $1.92. 1,410,217 shares of the stock traded hands, compared to its average volume of 1,315,420. Complete Solaria has a fifty-two week low of $0.20 and a fifty-two week high of $3.37. The stock’s 50-day simple moving average is $2.33 and its two-hundred day simple moving average is $1.73.

Complete Solaria (NASDAQ:CSLR) last announced its quarterly earnings results 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.

Insider Buying and Selling

In other Complete Solaria news, Director Adam Gishen sold 15,526 shares of Complete Solaria 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 approximately $591,048.50. The trade was a 4.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Solis Holdings L.L.C. Crsef sold 133,643 shares of Complete Solaria stock in a transaction on Monday, October 7th. The shares were sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the transaction, the insider now owns 4,767,697 shares of the company’s stock, valued at approximately $11,966,919.47. The trade was a 2.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,691,540 shares of company stock valued at $3,714,366. Insiders own 92.48% of the company’s stock.

Institutional Investors Weigh In On Complete Solaria

An institutional investor recently raised its position in Complete Solaria stock. State Street Corp increased its stake in shares of Complete Solaria, Inc. (NASDAQ:CSLR) by 57.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 106,600 shares of the company’s stock after acquiring an additional 39,000 shares during the period. State Street Corp owned about 0.17% of Complete Solaria worth $300,000 as of its most recent filing with the SEC. 30.25% of the stock is currently owned by hedge funds and other institutional investors.

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.