Millennium Management LLC Acquires 17,429 Shares of Complete Solaria, Inc. (NASDAQ:SPWR)

Millennium Management LLC raised its holdings in shares of Complete Solaria, Inc. (NASDAQ:SPWR) by 173.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,497 shares of the company’s stock after purchasing an additional 17,429 shares during the period. Millennium Management LLC’s holdings in Complete Solaria were worth $49,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bridgeway Capital Management LLC raised its stake 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 during the last quarter. Alyeska Investment Group L.P. increased its holdings 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 acquiring an additional 205,711 shares in the last quarter. Diametric Capital LP raised its position 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 purchasing an additional 60,600 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Complete Solaria in the 4th quarter worth about $512,000. 47.36% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Thurman J. Rodgers acquired 606,000 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average cost of $1.68 per share, with a total value of $1,018,080.00. Following the acquisition, the chief executive officer now directly owns 463,589 shares in the company, valued at $778,829.52. This represents a -425.53% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 32.30% of the stock is currently owned by company insiders.

Complete Solaria Price Performance

Complete Solaria stock opened at $1.92 on Friday. Complete Solaria, Inc. has a 12-month low of $1.06 and a 12-month high of $3.37. The firm has a 50 day moving average of $1.59 and a 200 day moving average of $1.77.

Analyst Ratings Changes

Several brokerages have issued reports on SPWR. Wall Street Zen cut shares of Complete Solaria from a “buy” rating to a “hold” rating in a report on Thursday, June 5th. Janney Montgomery Scott lowered shares of Complete Solaria from a “buy” rating to a “neutral” rating in a research note on Thursday, March 13th.

Complete Solaria 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.