Solid Power, Inc. (SLDP) – What Are Investment Firms Saying About This Stock?

Shares of Solid Power, Inc. (NASDAQ:SLDP) have earned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.92.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Solid Power in a research report on Thursday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System boosted its holdings in shares of Solid Power by 10.6% during the second quarter. Arizona State Retirement System now owns 49,561 shares of the company’s stock worth $128,000 after purchasing an additional 4,746 shares during the period. First Trust Advisors LP increased its holdings in Solid Power by 14.4% during the 1st quarter. First Trust Advisors LP now owns 42,448 shares of the company’s stock valued at $127,000 after purchasing an additional 5,353 shares during the period. Tidal Investments LLC bought a new position in Solid Power during the 2nd quarter valued at approximately $27,000. Elevation Point Wealth Partners LLC bought a new position in Solid Power during the 1st quarter valued at approximately $32,000. Finally, Amundi bought a new position in Solid Power during the 1st quarter valued at approximately $32,000. 33.66% of the stock is currently owned by institutional investors.

Solid Power Stock Down 5.6%

Shares of SLDP stock opened at $2.01 on Tuesday. The business has a 50-day moving average price of $2.36 and a two-hundred day moving average price of $2.67. Solid Power has a 12-month low of $1.98 and a 12-month high of $8.86. The firm has a market cap of $458.64 million, a P/E ratio of -4.47 and a beta of 1.99.

Solid Power (NASDAQ:SLDP) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of ($0.27) million during the quarter, compared to analysts’ expectations of $1.55 million. Solid Power had a negative return on equity of 19.69% and a negative net margin of 485.47%. As a group, research analysts expect that Solid Power will post -0.39 EPS for the current fiscal year.

Solid Power Company Profile

Solid Power, Inc is a Colorado-based battery technology company developing rechargeable, all-solid-state batteries for electric vehicles and other applications. Its technology is designed to replace the liquid or gel electrolytes used in conventional lithium-ion batteries with a sulfide-based solid electrolyte, with the goal of improving energy density, safety and operating performance.

The company develops and tests solid-state battery cells, including automotive-scale designs, and produces sulfide solid electrolyte materials.