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

Complete Solaria (NASDAQ:CSLR)‘s stock had its “overweight” rating restated by investment analysts at Cantor Fitzgerald in a research report issued on Tuesday, Benzinga reports. They presently have a $6.00 price objective on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 113.52% from the company’s current price.

Complete Solaria Trading Down 4.1 %

NASDAQ CSLR opened at $2.81 on Tuesday. Complete Solaria has a twelve month low of $0.20 and a twelve month high of $3.37. The business’s 50-day moving average price is $1.91 and its 200 day moving average price is $1.34.

Complete Solaria (NASDAQ:CSLR) last announced its quarterly earnings data 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 business had revenue of $4.49 million for the quarter, compared to the consensus estimate of $11.00 million. As a group, research analysts anticipate that Complete Solaria will post -0.33 earnings per share for the current year.

Insider Transactions at Complete Solaria

In other Complete Solaria news, Director Tidjane Thiam sold 30,000 shares of Complete Solaria stock in a transaction on Friday, August 16th. The shares were sold at an average price of $1.59, for a total transaction of $47,700.00. Following the completion of the sale, the director now owns 158,624 shares of the company’s stock, valued at approximately $252,212.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Adam Gishen sold 15,526 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $1.75, for a total value of $27,170.50. Following the sale, the director now directly owns 337,742 shares in the company, valued at $591,048.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tidjane Thiam sold 30,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $1.59, for a total transaction of $47,700.00. Following the sale, the director now directly owns 158,624 shares in the company, valued at $252,212.16. The disclosure for this sale can be found here. Insiders have sold 80,669 shares of company stock valued at $124,071 in the last quarter. Insiders own 92.48% of the company’s stock.

Hedge Funds Weigh In On Complete Solaria

A number of institutional investors have recently bought and sold shares of CSLR. K2 Principal Fund L.P. lifted its holdings 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 buying an additional 21,524 shares in the last quarter. Symmetry Peak Management LLC bought a new position in Complete Solaria in the fourth quarter valued at about $48,000. Finally, Carlyle Group Inc. boosted its holdings in shares of Complete Solaria by 79.8% during the 1st quarter. Carlyle Group Inc. now owns 4,936,483 shares of the company’s stock valued at $2,715,000 after acquiring an additional 2,190,604 shares in the last quarter. 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.