Bridgeway Capital Management LLC bought a new position in shares of Solid Power, Inc. (NASDAQ:SLDP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 350,000 shares of the company's stock, valued at approximately $662,000. Bridgeway Capital Management LLC owned approximately 0.19% of Solid Power at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Cibc World Markets Corp purchased a new stake in shares of Solid Power in the fourth quarter worth $27,000. Belvedere Trading LLC purchased a new stake in shares of Solid Power in the fourth quarter worth $33,000. BNP Paribas Financial Markets purchased a new stake in shares of Solid Power in the fourth quarter worth $34,000. Raymond James Financial Inc. purchased a new stake in shares of Solid Power in the fourth quarter worth $40,000. Finally, DRW Securities LLC purchased a new stake in shares of Solid Power in the fourth quarter worth $88,000. Hedge funds and other institutional investors own 33.66% of the company's stock.
Solid Power Stock Up 0.7%
Shares of SLDP stock traded up $0.01 on Friday, reaching $1.38. The company's stock had a trading volume of 3,849,361 shares, compared to its average volume of 2,494,807. Solid Power, Inc. has a 12-month low of $0.68 and a 12-month high of $2.70. The company has a market capitalization of $251.15 million, a P/E ratio of -2.82 and a beta of 1.42. The stock's 50 day simple moving average is $1.13 and its 200-day simple moving average is $1.28.
Solid Power (NASDAQ:SLDP - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.06. Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%. The company had revenue of $6.02 million for the quarter, compared to the consensus estimate of $5.00 million.
Insider Activity at Solid Power
In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the stock in a transaction on Thursday, March 6th. The stock was 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 of the company's stock, valued at $977,793.52. This represents a 17.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.90% of the stock is owned by insiders.
About Solid Power
(
Free Report)
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.
Further Reading
Before you consider Solid Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Solid Power wasn't on the list.
While Solid Power currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
