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

Complete Solaria, Inc. (NASDAQ:CSLR) major shareholder Solis Holdings L.L.C. Crsef sold 250,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $2.23, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 shares were sold at an average price of $2.27, for a total transaction of $210,894.35.
• On Wednesday, October 9th, Solis Holdings L.L.C. Crsef sold 924,466 shares of Complete Solaria stock. The shares were 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

NASDAQ CSLR opened at $2.24 on Thursday. Complete Solaria, Inc. has a 52-week low of $0.20 and a 52-week high of $3.37. The company has a 50-day simple moving average of $2.15 and a 200 day simple moving average of $1.49.

Complete Solaria (NASDAQ:CSLR) last released its earnings results on Wednesday, August 14th. The company reported ($0.23) earnings per share 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 analysts’ expectations of $11.00 million. As a group, analysts anticipate that Complete Solaria, Inc. will post -0.37 earnings per share for the current year.

Institutional Trading of Complete Solaria

An institutional investor recently raised its position in Complete Solaria stock. Carlyle Group Inc. lifted its position in shares of Complete Solaria, Inc. (NASDAQ:CSLR) by 79.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,936,483 shares of the company’s stock after acquiring an additional 2,190,604 shares during the quarter. Complete Solaria makes up 0.2% of Carlyle Group Inc.’s investment portfolio, making the stock its 20th largest position. Carlyle Group Inc. owned approximately 10.05% of Complete Solaria worth $2,715,000 at the end of the most recent quarter. 30.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.