Lesa Roe Sells 39,207 Shares of Solid Power (NASDAQ:SLDP) Stock

Solid Power, Inc. (NASDAQ:SLDP) Director Lesa Roe sold 39,207 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $2.66, for a total value of $104,290.62. Following the sale, the director directly owned 243,975 shares of the company’s stock, valued at $648,973.50. This represents a 13.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Solid Power Stock Up 3.0%

SLDP stock opened at $3.06 on Friday. Solid Power, Inc. has a twelve month low of $1.30 and a twelve month high of $8.86. The stock’s 50 day moving average is $3.14 and its 200-day moving average is $4.21. The firm has a market capitalization of $688.44 million, a PE ratio of -6.37 and a beta of 1.91.

Solid Power (NASDAQ:SLDP) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.06. The business had revenue of $3.07 million during the quarter, compared to the consensus estimate of $3.33 million. Solid Power had a negative return on equity of 21.57% and a negative net margin of 485.47%. On average, equities research analysts anticipate that Solid Power, Inc. will post -0.44 earnings per share for the current fiscal year.

Institutional Trading of Solid Power

A number of large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP raised its position in Solid Power by 4.4% in the fourth quarter. Engineers Gate Manager LP now owns 100,896 shares of the company’s stock worth $429,000 after acquiring an additional 4,220 shares during the period. Allworth Financial LP increased its stake in shares of Solid Power by 82.6% during the 4th quarter. Allworth Financial LP now owns 11,246 shares of the company’s stock worth $48,000 after purchasing an additional 5,087 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Solid Power by 14.4% during the 1st quarter. First Trust Advisors LP now owns 42,448 shares of the company’s stock worth $127,000 after purchasing an additional 5,353 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Solid Power by 22.0% in the 4th quarter. LPL Financial LLC now owns 30,289 shares of the company’s stock worth $129,000 after purchasing an additional 5,461 shares during the period. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Solid Power by 17.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 37,683 shares of the company’s stock worth $131,000 after purchasing an additional 5,526 shares during the period. Hedge funds and other institutional investors own 33.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SLDP shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Solid Power in a report on Tuesday, April 21st. Zacks Research raised shares of Solid Power to a “hold” rating in a research report on Tuesday, March 17th. Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price objective on shares of Solid Power in a research note on Wednesday, May 6th. Finally, HC Wainwright began coverage on shares of Solid Power in a research report on Monday, March 16th. They set a “buy” rating and a $7.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.00.

About Solid Power

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.