Key Points
- Director Erik Anderson sold 30,000 shares on Dec. 4 at an average price of $5.20 for $156,000, reducing his stake about 15.99% to 157,617 shares (≈$819,608) as disclosed in an SEC filing.
- Solid Power reported Q3 EPS of ($0.14) on Nov. 4, beating estimates and generating $4.56M in revenue versus $3.50M expected, but remains unprofitable with a negative net margin (~-429.6%) and negative ROE (~-24.9%).
- Analysts are mixed — Needham raised its price target to $7 and gave a Buy while Weiss kept a Sell, leaving a MarketBeat consensus of Hold with an average target of $7; institutional ownership is ~33.7% as Vanguard and Bank of America notably increased their positions.
Solid Power, Inc. (NASDAQ:SLDP - Get Free Report) Director Erik Anderson sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $5.20, for a total value of $156,000.00. Following the completion of the sale, the director directly owned 157,617 shares in the company, valued at approximately $819,608.40. The trade was a 15.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Solid Power Stock Performance
Solid Power stock opened at $5.31 on Tuesday. Solid Power, Inc. has a fifty-two week low of $0.68 and a fifty-two week high of $8.86. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -10.02 and a beta of 1.87. The stock has a fifty day moving average of $5.75 and a two-hundred day moving average of $4.08.
Solid Power (NASDAQ:SLDP - Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.03. The business had revenue of $4.56 million for the quarter, compared to the consensus estimate of $3.50 million. Solid Power had a negative return on equity of 24.88% and a negative net margin of 429.55%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Needham & Company LLC lifted their price target on shares of Solid Power from $4.00 to $7.00 and gave the stock a "buy" rating in a report on Wednesday, November 5th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Solid Power in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Solid Power presently has a consensus rating of "Hold" and an average target price of $7.00.
Get Our Latest Analysis on SLDP
Institutional Investors Weigh In On Solid Power
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Solid Power by 15.7% during the third quarter. Vanguard Group Inc. now owns 9,440,931 shares of the company's stock worth $32,760,000 after purchasing an additional 1,278,324 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Solid Power by 3,974.6% in the 3rd quarter. Bank of America Corp DE now owns 6,495,146 shares of the company's stock valued at $22,538,000 after purchasing an additional 6,335,739 shares during the last quarter. Riverstone Holdings LLC grew its stake in shares of Solid Power by 3.7% during the 3rd quarter. Riverstone Holdings LLC now owns 4,714,816 shares of the company's stock valued at $16,360,000 after buying an additional 169,709 shares during the period. Yaupon Capital Management LP grew its stake in shares of Solid Power by 709.1% during the 1st quarter. Yaupon Capital Management LP now owns 3,560,365 shares of the company's stock valued at $3,738,000 after buying an additional 3,120,316 shares during the period. Finally, Pure Financial Advisors LLC acquired a new stake in shares of Solid Power during the 2nd quarter worth $4,668,000. 33.66% of the stock is owned by institutional investors and hedge funds.
About Solid Power
(
Get Free Report)
Solid Power, Inc develops solid state battery technologies for the electric vehicles (EV) and other markets in the United States. The company sells its sulfide-based solid electrolyte; and licenses its solid-state cell designs and manufacturing processes. It also produces and sells 0.2, 2, 20 ampere-hour (Ah), and EV cells.
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