Complete Solaria, Inc. (NASDAQ:CSLR) Major Shareholder Solis Holdings L.L.C. Crsef Sells 133,643 Shares

Complete Solaria, Inc. (NASDAQ:CSLR) major shareholder Solis Holdings L.L.C. Crsef sold 133,643 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the sale, the insider now owns 4,767,697 shares in the company, valued at approximately $11,966,919.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Complete Solaria Stock Down 8.1 %

CSLR stock traded down $0.19 during trading on Wednesday, hitting $2.16. 2,634,917 shares of the company traded hands, compared to its average volume of 1,387,083. Complete Solaria, Inc. has a 1 year low of $0.20 and a 1 year high of $3.37. The stock’s 50-day simple moving average is $2.04 and its 200 day simple moving average is $1.43.

Complete Solaria (NASDAQ:CSLR) last posted its earnings results 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 company had revenue of $4.49 million for the quarter, compared to analysts’ expectations of $11.00 million. As a group, sell-side analysts expect that Complete Solaria, Inc. will post -0.33 EPS for the current year.

Institutional Investors Weigh In On Complete Solaria

Institutional investors have recently modified their holdings of the business. Symmetry Peak Management LLC purchased a new position in Complete Solaria during the fourth quarter worth approximately $48,000. K2 Principal Fund L.P. raised its stake in shares of Complete Solaria by 107.1% during the 4th 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 during the period. Finally, Carlyle Group Inc. raised its stake 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 worth $2,715,000 after buying an additional 2,190,604 shares during the period. 30.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald restated 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.