Complete Solaria (NASDAQ:CSLR) Downgraded to Neutral Rating by Janney Montgomery Scott

Janney Montgomery Scott cut shares of Complete Solaria (NASDAQ:CSLR) from a buy rating to a neutral rating in a research note released on Thursday, Marketbeat.com reports.

Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.00 price target on shares of Complete Solaria in a report on Thursday, November 14th.

Complete Solaria Trading Down 7.1 %

CSLR stock opened at $1.45 on Thursday. The firm’s fifty day simple moving average is $1.66 and its two-hundred day simple moving average is $1.94. Complete Solaria has a twelve month low of $0.20 and a twelve month high of $3.37.

Insider Activity

In other news, Director Adam Gishen sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $1.60, for a total transaction of $160,000.00. Following the transaction, the director now directly owns 167,742 shares of the company’s stock, valued at approximately $268,387.20. This trade represents a 37.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 44.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CSLR. Renaissance Technologies LLC bought a new stake in Complete Solaria during the 4th quarter valued at $512,000. Diametric Capital LP increased its stake in shares of Complete Solaria by 35.8% during the fourth quarter. Diametric Capital LP now owns 229,912 shares of the company’s stock valued at $412,000 after buying an additional 60,600 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of Complete Solaria by 1,538.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 219,080 shares of the company’s stock valued at $392,000 after buying an additional 205,711 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of Complete Solaria in the fourth quarter valued at about $250,000. Finally, Bridgeway Capital Management LLC lifted its stake in Complete Solaria by 108.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 134,500 shares of the company’s stock worth $241,000 after acquiring an additional 70,000 shares during the period. Institutional investors own 30.25% of the company’s stock.

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.