Why Is Complete Solaria (CSLR) Stock Up 41% Today?

Complete Solaria (NASDAQ:CSLR) stock is rocketing higher on Monday after the solar solutions company announced the elimination of some of its debt. Complete Solaria notes that it has canceled $67.6 million in debt from private equity firms Carlyle and Kline Hill Partners. The company did so with a $10 million cash payment to Carlyle and an $8 million cash payment to Kline Hill Partners. Complete Solaria notes that this debt cancelation was fueled by company CEO T.J. Rodgers. He purchased $18 million in conv ...