Complete Solaria, Inc. (NASDAQ:CSLR - Get Free Report) major shareholder Carlyle Group Inc. sold 275,000 shares of the company's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total transaction of $605,000.00. Following the transaction, the insider now owns 2,405,461 shares of the company's stock, valued at $5,292,014.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Complete Solaria Stock Up 5.8 %
Complete Solaria stock opened at $2.37 on Friday. The business has a 50 day moving average of $2.17 and a 200-day moving average of $1.49. Complete Solaria, Inc. has a 1 year low of $0.20 and a 1 year high of $3.37.
Complete Solaria (NASDAQ:CSLR - Get Free Report) last announced its quarterly 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 business had revenue of $4.49 million for the quarter, compared to analysts' expectations of $11.00 million. On average, sell-side analysts anticipate that Complete Solaria, Inc. will post -0.37 EPS for the current year.
Analyst Upgrades and Downgrades
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Separately, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $6.00 target price on shares of Complete Solaria in a report on Tuesday, October 1st.
Get Our Latest Report on CSLR
Institutional Trading of Complete Solaria
An institutional investor recently raised its position in Complete Solaria stock. Carlyle Group Inc. raised its stake in Complete Solaria, Inc. (NASDAQ:CSLR - Free Report) by 79.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,936,483 shares of the company's stock after buying an additional 2,190,604 shares during the period. Complete Solaria comprises about 0.2% of Carlyle Group Inc.'s portfolio, making the stock its 20th biggest position. Carlyle Group Inc. owned 10.05% of Complete Solaria worth $2,715,000 as of its most recent filing with the Securities and Exchange Commission. 30.25% of the stock is owned by institutional investors and hedge funds.
About Complete Solaria
(
Get Free Report)
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.
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