Solid Power (SLDP) to Release Quarterly Earnings on Thursday

Solid Power (NASDAQ:SLDP) will post its quarterly earnings results after the market closes on Thursday, November 7th. Individual that wish to register for the company’s earnings conference call can do so using this link.

Solid Power (NASDAQ:SLDP) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). Solid Power had a negative return on equity of 15.87% and a negative net margin of 393.42%. The firm had revenue of $5.08 million during the quarter, compared to analysts’ expectations of $13.11 million. During the same quarter last year, the business earned ($0.07) earnings per share.

Solid Power Stock Performance

Shares of Solid Power stock opened at $1.20 on Wednesday. The stock’s fifty day moving average is $1.30 and its 200 day moving average is $1.57. The stock has a market cap of $214.75 million, a P/E ratio of -2.73 and a beta of 1.74. Solid Power has a one year low of $1.10 and a one year high of $2.35.

Insider Buying and Selling at Solid Power

In other news, Director Steven H. Goldberg sold 59,197 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $1.45, for a total transaction of $85,835.65. Following the sale, the director now directly owns 82,365 shares of the company’s stock, valued at $119,429.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Solid Power news, Director Steven H. Goldberg sold 59,197 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $1.45, for a total value of $85,835.65. Following the completion of the sale, the director now owns 82,365 shares in the company, valued at approximately $119,429.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Joshua Buettner-Garrett sold 187,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $1.21, for a total transaction of $226,875.00. Following the sale, the chief technology officer now owns 874,136 shares of the company’s stock, valued at $1,057,704.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 649,597 shares of company stock valued at $852,876. 7.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SLDP shares. Wolfe Research assumed coverage on Solid Power in a report on Thursday, September 5th. They issued an “underperform” rating and a $1.00 target price on the stock. Needham & Company LLC restated a “buy” rating and set a $3.00 target price on shares of Solid Power in a research report on Wednesday, August 7th.

About Solid Power

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.