Complete Solaria (NASDAQ:CSLR) Stock Rating Lowered by Janney Montgomery Scott

Complete Solaria (NASDAQ:CSLR) was downgraded by equities researchers at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a research note issued on Thursday, Marketbeat reports.

Separately, Cantor Fitzgerald reissued an “overweight” rating and issued a $6.00 price target on shares of Complete Solaria in a report on Thursday, November 14th.

Complete Solaria Stock Up 5.5 %

Shares of CSLR stock opened at $1.53 on Thursday. Complete Solaria has a 1 year low of $0.20 and a 1 year high of $3.37. The firm’s fifty day simple moving average is $1.64 and its 200 day simple moving average is $1.94.

Insider Activity

In related news, Director Adam Gishen sold 100,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $1.60, for a total transaction of $160,000.00. Following the transaction, the director now owns 167,742 shares in the company, valued at $268,387.20. This represents a 37.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 44.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new stake in shares of Complete Solaria in the 4th quarter valued at about $512,000. Alyeska Investment Group L.P. increased its stake in shares of Complete Solaria by 1,538.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 219,080 shares of the company’s stock valued at $392,000 after acquiring an additional 205,711 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Complete Solaria in the 4th quarter valued at about $250,000. Bridgeway Capital Management LLC increased its stake in shares of Complete Solaria by 108.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 134,500 shares of the company’s stock valued at $241,000 after acquiring an additional 70,000 shares during the last quarter. Finally, Diametric Capital LP increased its stake in Complete Solaria by 35.8% during the 4th quarter. Diametric Capital LP now owns 229,912 shares of the company’s stock worth $412,000 after purchasing an additional 60,600 shares in the last quarter. 30.25% of the stock is currently owned by institutional investors and hedge funds.

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.