Solid Power (SLDP) Set to Announce Quarterly Earnings on Tuesday

Solid Power (NASDAQ:SLDP) is set to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Solid Power has set its FY 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Solid Power (NASDAQ:SLDP) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). Solid Power had a negative return on equity of 12.55% and a negative net margin of 376.47%. The firm had revenue of $2.35 million during the quarter, compared to the consensus estimate of $4.14 million. On average, analysts expect Solid Power to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Solid Power Stock Performance

Shares of SLDP opened at $1.82 on Monday. Solid Power has a 1 year low of $1.10 and a 1 year high of $3.20. The firm has a fifty day moving average of $1.66 and a 200-day moving average of $1.52. The company has a market cap of $329.58 million, a price-to-earnings ratio of -4.92 and a beta of 1.79.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SLDP shares. Needham & Company LLC reiterated a “buy” rating and set a $3.00 price objective on shares of Solid Power in a research report on Wednesday, February 28th. Chardan Capital restated a “buy” rating and set a $5.00 price objective on shares of Solid Power in a research note on Wednesday, February 28th. Finally, DA Davidson reissued a “neutral” rating and set a $3.00 target price on shares of Solid Power in a research note on Tuesday, March 5th.

Insider Transactions at Solid Power

In other Solid Power news, CTO Joshua Buettner-Garrett sold 187,500 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $1.58, for a total value of $296,250.00. Following the completion of the transaction, the chief technology officer now directly owns 356,433 shares in the company, valued at $563,164.14. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 562,500 shares of company stock valued at $900,000 over the last three months. Company insiders own 7.20% of the company’s stock.

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.