Insider Buying: Complete Solaria, Inc. (NASDAQ:SPWR) CEO Acquires 606,000 Shares of Stock

Complete Solaria, Inc. (NASDAQ:SPWR - Get Free Report) CEO Thurman J. Rodgers bought 606,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of $1.68 per share, for a total transaction of $1,018,080.00. Following the transaction, the chief executive officer now directly owns 463,589 shares of the company's stock, valued at approximately $778,829.52. This represents a -425.53% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Complete Solaria Price Performance

NASDAQ SPWR traded up $0.23 on Friday, reaching $1.97. The company's stock had a trading volume of 2,285,346 shares, compared to its average volume of 573,739. Complete Solaria, Inc. has a twelve month low of $1.06 and a twelve month high of $3.37. The firm's 50 day moving average is $1.57 and its two-hundred day moving average is $1.78.

Hedge Funds Weigh In On Complete Solaria

A number of large investors have recently made changes to their positions in SPWR. 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 valued at $49,000 after acquiring an additional 17,429 shares during the period. Bridgeway Capital Management LLC increased its position 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 purchasing an additional 70,000 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in Complete Solaria in the fourth quarter worth about $250,000. Alyeska Investment Group L.P. boosted its holdings 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 buying an additional 205,711 shares during the last quarter. Finally, Diametric Capital LP boosted its holdings 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 buying an additional 60,600 shares during the last quarter. Institutional investors and hedge funds own 47.36% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Janney Montgomery Scott lowered Complete Solaria from a "buy" rating to a "neutral" rating in a research note on Thursday, March 13th. Wall Street Zen downgraded Complete Solaria from a "buy" rating to a "hold" rating in a report on Thursday.

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.