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Wall Street Zen Downgrades Complete Solaria (NASDAQ:SPWR) to Hold

Complete Solaria logo with Energy background

Complete Solaria (NASDAQ:SPWR - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Thursday.

Separately, Janney Montgomery Scott cut Complete Solaria from a "buy" rating to a "neutral" rating in a research note on Thursday, March 13th.

Get Our Latest Research Report on SPWR

Complete Solaria Stock Performance

SPWR traded up $0.23 on Thursday, hitting $1.97. 2,285,346 shares of the company were exchanged, compared to its average volume of 573,739. The stock's fifty day moving average is $1.57 and its 200-day moving average is $1.79. Complete Solaria has a 12 month low of $1.06 and a 12 month high of $3.37.

Insider Activity

In other news, CEO Thurman J. Rodgers bought 606,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was acquired at an average cost of $1.68 per share, for a total transaction of $1,018,080.00. Following the purchase, the chief executive officer now owns 463,589 shares of the company's stock, valued at approximately $778,829.52. This trade represents a -425.53% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 32.30% of the company's stock.

Hedge Funds Weigh In On Complete Solaria

A number of institutional investors have recently bought and sold shares of SPWR. Millennium Management LLC boosted its stake in shares of Complete Solaria by 173.1% during the 4th quarter. Millennium Management LLC now owns 27,497 shares of the company's stock worth $49,000 after acquiring an additional 17,429 shares during the period. Bridgeway Capital Management LLC raised its stake in Complete Solaria by 108.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 134,500 shares of the company's stock valued at $241,000 after acquiring an additional 70,000 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in Complete Solaria during the 4th quarter valued at $250,000. Alyeska Investment Group L.P. boosted its position in 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 worth $392,000 after purchasing an additional 205,711 shares during the period. Finally, Diametric Capital LP boosted its position in Complete Solaria by 35.8% during the fourth quarter. Diametric Capital LP now owns 229,912 shares of the company's stock worth $412,000 after purchasing an additional 60,600 shares during the period. Institutional investors and hedge funds own 47.36% of the company's stock.

Complete Solaria Company Profile

(Get Free Report)

Complete Solaria, Inc engages in the provision of solar services. It offers sales enablement, project management, partner coordination, and customer communication. The company is headquartered in San Ramon, CA and does business as SunPower Corporation.

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