Complete Solaria's (CSLR) "Overweight" Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Complete Solaria (NASDAQ:CSLR - Free Report) in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a $6.00 price objective on the stock.

Complete Solaria Trading Up 21.1 %

NASDAQ:CSLR traded up $0.39 during trading hours on Thursday, reaching $2.24. The company had a trading volume of 1,976,772 shares, compared to its average volume of 1,314,990. Complete Solaria has a 52 week low of $0.20 and a 52 week high of $3.37. The firm's 50 day moving average price is $2.32 and its 200-day moving average price is $1.73.

Complete Solaria (NASDAQ:CSLR - Get Free Report) last announced 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 the consensus estimate of $11.00 million.

Insider Activity at Complete Solaria

In other Complete Solaria news, Director Adam Gishen sold 15,526 shares of the business's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1.75, for a total transaction of $27,170.50. Following the sale, the director now directly owns 337,742 shares of the company's stock, valued at $591,048.50. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tidjane Thiam sold 30,000 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $1.59, for a total value of $47,700.00. Following the transaction, the director now directly owns 158,624 shares in the company, valued at approximately $252,212.16. This represents a 15.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,721,540 shares of company stock valued at $3,762,066. 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.