Complete Solaria (NASDAQ:CSLR) Cut to “Neutral” at Janney Montgomery Scott

Janney Montgomery Scott lowered shares of Complete Solaria (NASDAQ:CSLR) from a buy rating to a neutral rating in a research report sent to investors on Thursday morning, MarketBeat Ratings reports.

Separately, Cantor Fitzgerald reissued an “overweight” rating and set a $6.00 target price on shares of Complete Solaria in a research note on Thursday, November 14th.

Complete Solaria Price Performance

Shares of NASDAQ:CSLR opened at $1.53 on Thursday. The firm has a fifty day moving average of $1.64 and a two-hundred day moving average of $1.94. Complete Solaria has a 12-month low of $0.20 and a 12-month high of $3.37.

Insider Buying and Selling

In other news, Director Adam Gishen sold 100,000 shares of the business’s stock in a transaction dated 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 owns 167,742 shares in the company, valued at approximately $268,387.20. The trade was a 37.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 44.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CSLR. Quadrature Capital Ltd bought a new position in shares of Complete Solaria during the 3rd quarter worth about $81,000. State Street Corp increased its holdings in shares of Complete Solaria by 57.7% during the 3rd quarter. State Street Corp now owns 106,600 shares of the company’s stock worth $300,000 after purchasing an additional 39,000 shares during the period. Jane Street Group LLC bought a new position in shares of Complete Solaria during the 3rd quarter worth about $51,000. XTX Topco Ltd bought a new position in shares of Complete Solaria during the 3rd quarter worth about $129,000. Finally, ARS Investment Partners LLC increased its holdings in shares of Complete Solaria by 12.0% during the 4th quarter. ARS Investment Partners LLC now owns 60,795 shares of the company’s stock worth $109,000 after purchasing an additional 6,510 shares during the period. 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.