Bridgeway Capital Management LLC Takes $662,000 Position in Solid Power, Inc. (NASDAQ:SLDP)

Bridgeway Capital Management LLC acquired a new stake in shares of Solid Power, Inc. (NASDAQ:SLDP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 350,000 shares of the company's stock, valued at approximately $662,000. Bridgeway Capital Management LLC owned about 0.19% of Solid Power at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SLDP. Cibc World Markets Corp bought a new stake in Solid Power in the fourth quarter worth $27,000. Belvedere Trading LLC bought a new stake in Solid Power in the fourth quarter worth $33,000. BNP Paribas Financial Markets bought a new stake in Solid Power in the fourth quarter worth $34,000. Raymond James Financial Inc. bought a new stake in Solid Power in the fourth quarter worth $40,000. Finally, DRW Securities LLC bought a new stake in Solid Power in the fourth quarter worth $88,000. Institutional investors own 33.66% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Solid Power

In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $1.13, for a total transaction of $211,875.00. Following the completion of the sale, the chief technology officer now directly owns 865,304 shares of the company's stock, valued at approximately $977,793.52. The trade was a 17.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.90% of the company's stock.

Solid Power Stock Performance

Shares of SLDP opened at $1.30 on Monday. The company's fifty day moving average is $1.10 and its 200 day moving average is $1.27. Solid Power, Inc. has a fifty-two week low of $0.68 and a fifty-two week high of $2.70. The stock has a market capitalization of $236.59 million, a PE ratio of -2.65 and a beta of 1.42.

Solid Power (NASDAQ:SLDP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.06. Solid Power had a negative net margin of 471.22% and a negative return on equity of 18.08%. The business had revenue of $6.02 million for the quarter, compared to analysts' expectations of $5.00 million.

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.

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