Solis Holdings L.L.C. Crsef Sells 924,466 Shares of Complete Solaria, Inc. (NASDAQ:CSLR) Stock

Complete Solaria, Inc. (NASDAQ:CSLR) major shareholder Solis Holdings L.L.C. Crsef sold 924,466 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the sale, the insider now owns 3,643,231 shares of the company’s stock, valued at approximately $7,796,514.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Solis Holdings L.L.C. Crsef also recently made the following trade(s):

• On Monday, October 7th, Solis Holdings L.L.C. Crsef sold 133,643 shares of Complete Solaria stock. The shares were sold at an average price of $2.51, for a total value of $335,443.93.

Complete Solaria Stock Performance

Complete Solaria stock opened at $2.34 on Friday. The company has a 50-day moving average price of $2.10 and a 200 day moving average price of $1.45. Complete Solaria, Inc. has a 12-month low of $0.20 and a 12-month high of $3.37.

Complete Solaria (NASDAQ:CSLR) last announced its quarterly 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 firm had revenue of $4.49 million for the quarter, compared to analyst estimates of $11.00 million. On average, equities research analysts expect that Complete Solaria, Inc. will post -0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Complete Solaria

A hedge fund recently raised its stake in Complete Solaria stock. Carlyle Group Inc. lifted its holdings in shares of Complete Solaria, Inc. (NASDAQ:CSLR) by 79.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,936,483 shares of the company’s stock after purchasing an additional 2,190,604 shares during the quarter. Complete Solaria comprises approximately 0.2% of Carlyle Group Inc.’s investment portfolio, making the stock its 20th biggest position. Carlyle Group Inc. owned 10.05% of Complete Solaria worth $2,715,000 as of its most recent SEC filing. Institutional investors own 30.25% of the company’s stock.

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.