Solid Power (NASDAQ:SLDP) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Solid Power (NASDAQ:SLDP) posted its quarterly earnings data on Tuesday. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06, Zacks reports. Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%.

Solid Power Stock Performance

NASDAQ:SLDP opened at $1.13 on Wednesday. The firm has a fifty day simple moving average of $1.09 and a 200-day simple moving average of $1.27. Solid Power has a 12 month low of $0.68 and a 12 month high of $2.70. The company has a market capitalization of $205.65 million, a P/E ratio of -2.31 and a beta of 1.42.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a “buy” rating and issued a $2.00 price target on shares of Solid Power in a report on Wednesday, January 15th.

Insider Buying and Selling

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $1.13, for a total value of $211,875.00. Following the transaction, the chief technology officer now owns 865,304 shares in the company, valued at approximately $977,793.52. This represents a 17.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.90% of the stock is currently owned by company insiders.

Solid Power Company Profile

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.