Complete Solaria’s (CSLR) “Overweight” Rating Reiterated at Cantor Fitzgerald

Complete Solaria (NASDAQ:CSLR)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Cantor Fitzgerald in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $6.00 price target on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 237.08% from the company’s previous close.

Complete Solaria Price Performance

Shares of CSLR stock traded down $0.07 during mid-day trading on Thursday, hitting $1.78. The company had a trading volume of 57,850 shares, compared to its average volume of 1,306,307. Complete Solaria has a 52-week low of $0.20 and a 52-week high of $3.37. The stock’s 50 day moving average price is $2.32 and its 200-day moving average price is $1.73.

Complete Solaria (NASDAQ:CSLR) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $11.00 million.

Insider Buying and Selling

In related news, major shareholder Solis Holdings L.L.C. Crsef sold 924,466 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the transaction, the insider now owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Carlyle Group Inc. sold 275,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total value of $605,000.00. Following the completion of the transaction, the insider now owns 2,405,461 shares of the company’s stock, valued at $5,292,014.20. The trade was 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. Also, major shareholder Solis Holdings L.L.C. Crsef sold 924,466 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the sale, the insider now directly owns 3,643,231 shares in the company, valued at $7,796,514.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,721,540 shares of company stock valued at $3,762,066 in the last ninety days. 92.48% of the stock is owned by company insiders.

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.