Key Points
- Director Lesa Roe sold 39,207 shares of Solid Power stock on May 20 at an average price of $2.66, totaling about $104,291. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Solid Power recently reported quarterly earnings of -$0.06 per share, beating analyst expectations of -$0.12, though revenue of $3.07 million came in below estimates. The company continues to post losses, with analysts forecasting -0.44 EPS for the year.
- Wall Street’s view on SLDP remains mixed, with two Buy ratings, one Hold, and one Sell, resulting in a consensus Hold and a $7.00 price target. Institutional investors also remain active in the stock, with about 33.66% of shares held by institutions.
Solid Power, Inc. (NASDAQ:SLDP - Get Free Report) Director Lesa Roe sold 39,207 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $2.66, for a total value of $104,290.62. Following the completion of the transaction, the director owned 243,975 shares in the company, valued at $648,973.50. The trade was a 13.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Solid Power Stock Performance
Shares of SLDP opened at $2.97 on Friday. The firm has a market capitalization of $668.20 million, a price-to-earnings ratio of -6.19 and a beta of 1.91. The business's fifty day moving average price is $3.14 and its two-hundred day moving average price is $4.22. Solid Power, Inc. has a 52 week low of $1.27 and a 52 week high of $8.86.
Solid Power (NASDAQ:SLDP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.06. The firm had revenue of $3.07 million for the quarter, compared to analyst estimates of $3.33 million. Solid Power had a negative return on equity of 21.57% and a negative net margin of 485.47%. As a group, research analysts forecast that Solid Power, Inc. will post -0.44 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on SLDP shares. HC Wainwright started coverage on Solid Power in a research report on Monday, March 16th. They issued a "buy" rating and a $7.00 price target on the stock. Needham & Company LLC restated a "buy" rating and issued a $7.00 price target on shares of Solid Power in a research report on Wednesday, May 6th. Zacks Research upgraded Solid Power to a "hold" rating in a research report on Tuesday, March 17th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Solid Power in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.00.
Read Our Latest Stock Report on SLDP
Institutional Trading of Solid Power
A number of institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP increased its position in shares of Solid Power by 4.4% in the fourth quarter. Engineers Gate Manager LP now owns 100,896 shares of the company's stock valued at $429,000 after acquiring an additional 4,220 shares during the last quarter. Allworth Financial LP increased its position in shares of Solid Power by 82.6% in the fourth quarter. Allworth Financial LP now owns 11,246 shares of the company's stock valued at $48,000 after acquiring an additional 5,087 shares during the last quarter. First Trust Advisors LP increased its position in shares of Solid Power by 14.4% in the first quarter. First Trust Advisors LP now owns 42,448 shares of the company's stock valued at $127,000 after acquiring an additional 5,353 shares during the last quarter. LPL Financial LLC increased its position in shares of Solid Power by 22.0% in the fourth quarter. LPL Financial LLC now owns 30,289 shares of the company's stock valued at $129,000 after acquiring an additional 5,461 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of Solid Power by 17.2% in the third quarter. SBI Securities Co. Ltd. now owns 37,683 shares of the company's stock valued at $131,000 after acquiring an additional 5,526 shares during the last quarter. 33.66% of the stock is currently owned by institutional investors.
About Solid Power
(
Get Free Report)
Solid Power, Inc (NASDAQ: SLDP) is a Colorado-based company specializing in the development and manufacturing of all-solid-state rechargeable battery cells for the electric vehicle (EV) and aerospace industries. Founded in 2012 as a spin-out from the University of Colorado Boulder, Solid Power has focused on advancing solid electrolytes and high-energy battery architectures to deliver improved safety, higher energy density and longer cycle life compared with traditional lithium-ion batteries.
The company's core offerings include multilayer solid-state battery cells that utilize sulfide-based solid electrolytes and high-capacity cathode materials.
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