Complete Solaria, Inc. (NASDAQ:CSLR) Major Shareholder Sells $210,894.35 in Stock

Complete Solaria, Inc. (NASDAQ:CSLR - Get Free Report) major shareholder Solis Holdings L.L.C. Crsef sold 92,905 shares of the business's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $2.27, for a total transaction of $210,894.35. Following the transaction, the insider now directly owns 3,155,461 shares in the company, valued at approximately $7,162,896.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Solis Holdings L.L.C. Crsef also recently made the following trade(s):

• On Monday, October 14th, Solis Holdings L.L.C. Crsef sold 250,000 shares of Complete Solaria stock. The stock was sold at an average price of $2.23, for a total transaction of $557,500.00.
• 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 value of $1,978,357.24.
• On Monday, October 7th, Solis Holdings L.L.C. Crsef sold 133,643 shares of Complete Solaria stock. The shares were sold at an average price of $2.51, for a total value of $335,443.93.

Complete Solaria Trading Down 3.2 %

Shares of NASDAQ:CSLR traded down $0.07 during trading on Tuesday, reaching $2.13. 1,015,464 shares of the stock traded hands, compared to its average volume of 1,381,847. The stock has a 50-day moving average of $2.13 and a two-hundred day moving average of $1.48. Complete Solaria, Inc. has a 52-week low of $0.20 and a 52-week high of $3.37.

Complete Solaria (NASDAQ:CSLR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.16). The company had revenue of $4.49 million during the quarter, compared to the consensus estimate of $11.00 million. On average, equities research analysts forecast that Complete Solaria, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $6.00 price target on shares of Complete Solaria in a research note on Tuesday, October 1st.

Hedge Funds Weigh In On Complete Solaria

An institutional investor recently raised its position in Complete Solaria stock. Carlyle Group Inc. grew its holdings in Complete Solaria, Inc. (NASDAQ:CSLR - Free Report) by 79.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,936,483 shares of the company's stock after acquiring an additional 2,190,604 shares during the period. Complete Solaria accounts for 0.2% of Carlyle Group Inc.'s portfolio, making the stock its 20th largest holding. Carlyle Group Inc. owned 10.05% of Complete Solaria worth $2,715,000 as of its most recent SEC filing. Institutional investors own 30.25% of the company's stock.

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.