Carlyle Group Inc. Sells 275,000 Shares of Complete Solaria, Inc. (NASDAQ:CSLR) Stock

Complete Solaria, Inc. (NASDAQ:CSLR) 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 completion of the sale, the insider now directly owns 2,405,461 shares of the company’s stock, valued at $5,292,014.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Complete Solaria Stock Performance

CSLR stock traded up $0.13 during midday trading on Thursday, reaching $2.37. The stock had a trading volume of 1,369,334 shares, compared to its average volume of 1,379,914. The firm has a fifty day simple moving average of $2.15 and a two-hundred day simple moving average of $1.49. Complete Solaria, Inc. has a 52-week low of $0.20 and a 52-week high of $3.37.

Complete Solaria (NASDAQ:CSLR) last issued its earnings results on Wednesday, August 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.16). The company had revenue of $4.49 million during the quarter, compared to the consensus estimate of $11.00 million. As a group, research analysts expect that Complete Solaria, Inc. will post -0.37 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reissued an “overweight” rating and issued a $6.00 price objective on shares of Complete Solaria in a research report on Tuesday, October 1st.

Hedge Funds Weigh In On Complete Solaria

A hedge fund recently raised its stake in Complete Solaria stock. Carlyle Group Inc. raised its stake in shares of Complete Solaria, Inc. (NASDAQ:CSLR) by 79.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,936,483 shares of the company’s stock after buying an additional 2,190,604 shares during the period. Complete Solaria comprises about 0.2% of Carlyle Group Inc.’s portfolio, making the stock its 20th largest holding. Carlyle Group Inc. owned 10.05% of Complete Solaria worth $2,715,000 as of its most recent filing with the SEC. 30.25% of the stock is owned by 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.