Complete Solaria (NASDAQ:SPWR) Downgraded to "Hold" Rating by Wall Street Zen

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

Separately, Janney Montgomery Scott downgraded shares of Complete Solaria from a "buy" rating to a "neutral" rating in a research report on Thursday, March 13th.

Complete Solaria Stock Performance

Shares of Complete Solaria stock traded up $0.23 during trading on Thursday, reaching $1.97. 2,285,346 shares of the stock were exchanged, compared to its average volume of 573,739. Complete Solaria has a 1 year low of $1.06 and a 1 year high of $3.37. The stock's fifty day moving average is $1.57 and its 200 day moving average is $1.79.

Insider Activity at Complete Solaria

In other news, CEO Thurman J. Rodgers bought 606,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were bought at an average cost of $1.68 per share, for a total transaction of $1,018,080.00. Following the acquisition, the chief executive officer now directly owns 463,589 shares of the company's stock, valued at $778,829.52. This trade represents a -425.53% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 32.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Complete Solaria

Several large investors have recently added to or reduced their stakes in the business. Diametric Capital LP lifted its stake in shares of Complete Solaria by 35.8% in the 4th quarter. Diametric Capital LP now owns 229,912 shares of the company's stock worth $412,000 after acquiring an additional 60,600 shares during the period. Millennium Management LLC boosted its position in shares of Complete Solaria by 173.1% in the fourth 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 last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Complete Solaria in the fourth quarter worth approximately $250,000. Bridgeway Capital Management LLC lifted its position in Complete Solaria by 108.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 134,500 shares of the company's stock valued at $241,000 after buying an additional 70,000 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised 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 purchasing an additional 205,711 shares during the period. 47.36% of the stock is owned by hedge funds and other institutional investors.

Complete Solaria Company Profile

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.