Complete Solaria, Inc. (NASDAQ:CSLR) Major Shareholder Solis Holdings L.L.C. Crsef Sells 250,000 Shares of Stock

Complete Solaria, Inc. (NASDAQ:CSLR) major shareholder Solis Holdings L.L.C. Crsef sold 250,000 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $2.23, for a total value of $557,500.00. Following the transaction, the insider now directly owns 2,905,461 shares in the company, valued at $6,479,178.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Friday, October 11th, Solis Holdings L.L.C. Crsef sold 92,905 shares of Complete Solaria stock. The stock was sold at an average price of $2.27, for a total value of $210,894.35.
• On Wednesday, October 9th, Solis Holdings L.L.C. Crsef sold 924,466 shares of Complete Solaria stock. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24.
• On Monday, October 7th, Solis Holdings L.L.C. Crsef sold 133,643 shares of Complete Solaria stock. The stock was sold at an average price of $2.51, for a total value of $335,443.93.

Complete Solaria Stock Performance

Shares of NASDAQ:CSLR opened at $2.13 on Wednesday. Complete Solaria, Inc. has a 52-week low of $0.20 and a 52-week high of $3.37. The stock’s fifty day simple moving average is $2.13 and its 200-day simple moving average is $1.48.

Complete Solaria (NASDAQ:CSLR) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.16). The firm had revenue of $4.49 million during the quarter, compared to analyst estimates of $11.00 million. On average, equities research analysts anticipate that Complete Solaria, Inc. will post -0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Complete Solaria

A hedge fund recently raised its stake in Complete Solaria stock. Carlyle Group Inc. increased its holdings in shares of Complete Solaria, Inc. (NASDAQ:CSLR) by 79.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,936,483 shares of the company’s stock after buying an additional 2,190,604 shares during the quarter. Complete Solaria comprises approximately 0.2% of Carlyle Group Inc.’s portfolio, making the stock its 20th biggest holding. Carlyle Group Inc. owned approximately 10.05% of Complete Solaria worth $2,715,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 30.25% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.