D. E. Shaw & Co. Inc. Sells 383,031 Shares of Solid Power, Inc. (NASDAQ:SLDP)

D. E. Shaw & Co. Inc. cut its stake in shares of Solid Power, Inc. (NASDAQ:SLDP - Free Report) by 44.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 471,755 shares of the company's stock after selling 383,031 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.26% of Solid Power worth $892,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Solid Power by 12.3% in the 4th quarter. Vanguard Group Inc. now owns 8,353,470 shares of the company's stock valued at $15,788,000 after buying an additional 912,649 shares in the last quarter. Bridgeway Capital Management LLC purchased a new position in shares of Solid Power in the 4th quarter worth approximately $662,000. Invesco Ltd. boosted its stake in shares of Solid Power by 9.9% in the 4th quarter. Invesco Ltd. now owns 3,802,147 shares of the company's stock worth $7,186,000 after buying an additional 342,114 shares during the last quarter. Geode Capital Management LLC lifted its stake in Solid Power by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 3,559,922 shares of the company's stock valued at $6,729,000 after purchasing an additional 152,907 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Solid Power by 205.5% in the fourth quarter. SG Americas Securities LLC now owns 182,685 shares of the company's stock valued at $345,000 after purchasing an additional 122,888 shares during the last quarter. 33.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Solid Power

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

Solid Power Price Performance

Shares of NASDAQ:SLDP traded up $0.15 during trading on Tuesday, hitting $1.66. 4,225,124 shares of the company were exchanged, compared to its average volume of 2,531,935. Solid Power, Inc. has a 52-week low of $0.68 and a 52-week high of $2.70. The company has a market cap of $297.74 million, a PE ratio of -3.39 and a beta of 1.42. The stock has a 50 day moving average of $1.16 and a 200 day moving average of $1.29.

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.

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.