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 issued to investors on Thursday,Benzinga reports. Cantor Fitzgerald currently has a $6.00 price target on the stock.

Complete Solaria Price Performance

CSLR stock opened at $1.96 on Thursday. The business has a fifty day moving average of $2.33 and a two-hundred day moving average of $1.75. Complete Solaria has a 52-week low of $0.20 and a 52-week high of $3.37.

Insiders Place Their Bets

In other news, major shareholder Solis Holdings L.L.C. Crsef sold 133,643 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $2.51, for a total transaction of $335,443.93. Following the completion of the transaction, the insider now directly owns 4,767,697 shares in the company, valued at $11,966,919.47. This trade represents a 2.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total value of $605,000.00. Following the transaction, the insider now owns 2,405,461 shares of the company’s stock, valued at approximately $5,292,014.20. This represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,676,014 shares of company stock valued at $3,687,196 over the last quarter. 92.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CSLR. Jane Street Group LLC purchased a new position in shares of Complete Solaria during the third quarter worth $51,000. Quadrature Capital Ltd purchased a new position in Complete Solaria in the third quarter valued at $81,000. XTX Topco Ltd purchased a new position in Complete Solaria in the third quarter valued at $129,000. Finally, State Street Corp boosted its holdings in 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. 30.25% of the stock is currently owned by hedge funds and other institutional investors.

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.