Complete Solaria, Inc. (NASDAQ:CSLR) Major Shareholder Sells $557,500.00 in Stock

Complete Solaria, Inc. (NASDAQ:CSLR) major shareholder Solis Holdings L.L.C. Crsef sold 250,000 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $2.23, for a total transaction of $557,500.00. Following the completion of the transaction, the insider now owns 2,905,461 shares of the company’s stock, valued at approximately $6,479,178.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 transaction 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 transaction 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 transaction of $335,443.93.

Complete Solaria Stock Down 3.2 %

Shares of NASDAQ CSLR traded down $0.07 during mid-day trading on Tuesday, hitting $2.13. The company’s stock had a trading volume of 1,015,464 shares, compared to its average volume of 1,381,847. Complete Solaria, Inc. has a one year low of $0.20 and a one year high of $3.37. The company’s fifty day simple moving average is $2.12 and its 200-day simple moving average is $1.47.

Complete Solaria (NASDAQ:CSLR) last issued 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 firm had revenue of $4.49 million for the quarter, compared to the consensus estimate of $11.00 million. Equities analysts expect that Complete Solaria, Inc. will post -0.37 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Complete Solaria

A hedge fund recently raised its stake in Complete Solaria stock. Carlyle Group Inc. boosted its stake in shares of Complete Solaria, Inc. (NASDAQ:CSLR) by 79.8% during 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 buying an additional 2,190,604 shares during the period. Complete Solaria makes up approximately 0.2% of Carlyle Group Inc.’s holdings, making the stock its 20th biggest holding. Carlyle Group Inc. owned 10.05% of Complete Solaria worth $2,715,000 as of its most recent SEC filing. 30.25% of the stock is currently owned by hedge funds and other institutional investors.

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.