Complete Solaria, Inc. (NASDAQ:CSLR) Major Shareholder Carlyle Group Inc. Sells 275,000 Shares

Complete Solaria, Inc. (NASDAQ:CSLR - Get Free Report) major shareholder Carlyle Group Inc. sold 275,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was 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 directly owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Complete Solaria Stock Up 5.8 %

NASDAQ CSLR traded up $0.13 during midday trading on Thursday, hitting $2.37. 1,369,334 shares of the company traded hands, compared to its average volume of 1,379,914. The company's 50-day simple moving average is $2.15 and its 200-day simple moving average is $1.49. 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 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 business had revenue of $4.49 million during the quarter, compared to analyst estimates of $11.00 million. As a group, analysts expect that Complete Solaria, Inc. will post -0.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Complete Solaria

A hedge fund recently raised its stake in Complete Solaria stock. Carlyle Group Inc. lifted its holdings in Complete Solaria, Inc. (NASDAQ:CSLR - Free Report) by 79.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,936,483 shares of the company's stock after purchasing an additional 2,190,604 shares during the quarter. Complete Solaria comprises about 0.2% of Carlyle Group Inc.'s portfolio, making the stock its 20th biggest position. Carlyle Group Inc. owned approximately 10.05% of Complete Solaria worth $2,715,000 at the end of the most recent quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.