Cantor Fitzgerald Reaffirms “Overweight” Rating for Complete Solaria (NASDAQ:CSLR)

Cantor Fitzgerald reissued their overweight rating on shares of Complete Solaria (NASDAQ:CSLR) in a research report report published on Tuesday, Benzinga reports. Cantor Fitzgerald currently has a $6.00 target price on the stock.

Complete Solaria Trading Down 5.2 %

Complete Solaria stock opened at $2.35 on Tuesday. Complete Solaria has a fifty-two week low of $0.20 and a fifty-two week high of $3.37. The firm has a 50 day moving average price of $1.95 and a 200 day moving average price of $1.37.

Complete Solaria (NASDAQ:CSLR) last posted its earnings results on Wednesday, August 14th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.16). The company had revenue of $4.49 million for the quarter, compared to analysts’ expectations of $11.00 million. As a group, equities research analysts anticipate that Complete Solaria will post -0.33 earnings per share for the current fiscal year.

Insider Activity at Complete Solaria

In other Complete Solaria news, Director Adam Gishen sold 15,526 shares of the business’s stock in a transaction on Monday, August 19th. The shares were 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Complete Solaria news, Director Adam Gishen sold 15,526 shares of the business’s stock in a transaction on Monday, August 19th. The shares were 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Tidjane Thiam sold 30,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was 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 owns 158,624 shares of the company’s stock, valued at approximately $252,212.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,669 shares of company stock worth $124,071. Insiders own 92.48% of the company’s stock.

Hedge Funds Weigh In On Complete Solaria

A number of institutional investors and hedge funds have recently modified their holdings of the company. Carlyle Group Inc. grew its stake in shares of Complete Solaria by 79.8% during the first quarter. Carlyle Group Inc. now owns 4,936,483 shares of the company’s stock worth $2,715,000 after purchasing an additional 2,190,604 shares in the last quarter. K2 Principal Fund L.P. grew its stake in shares of 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 in the last quarter. Finally, Symmetry Peak Management LLC acquired a new position in shares of Complete Solaria during the fourth quarter worth $48,000. Institutional investors and hedge funds own 30.25% of the company’s stock.

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.