Dimensional Fund Advisors LP Has $10.85 Million Position in Solid Power, Inc. $SLDP

Key Points

• Dimensional Fund Advisors increased its Solid Power stake by 87% in the first quarter, owning 3.62 million shares valued at approximately $10.85 million, or 1.64% of the company. Institutional investors and hedge funds collectively own 33.66% of SLDP.
• Solid Power shares opened at $2.33, near the lower end of their 52-week range of $1.98 to $8.86. The company reported a quarterly loss of $0.11 per share, slightly better than estimates, but revenue of $0.27 million fell well short of the $1.55 million consensus.
• Analyst sentiment is mixed, with three Buy ratings, one Hold and one Sell; the overall consensus is Hold with a $6.92 price target. Director Lesa B. Roe also sold 39,207 shares under a pre-arranged Rule 10b5-1 plan.

Dimensional Fund Advisors LP increased its holdings in shares of Solid Power, Inc. (NASDAQ:SLDP - Free Report) by 87.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,618,519 shares of the company's stock after purchasing an additional 1,683,866 shares during the period. Dimensional Fund Advisors LP owned approximately 1.64% of Solid Power worth $10,852,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tudor Investment Corp ET AL bought a new stake in Solid Power in the 3rd quarter valued at $1,709,000. UBS Group AG increased its holdings in Solid Power by 157.5% during the 4th quarter. UBS Group AG now owns 1,011,495 shares of the company's stock worth $4,299,000 after purchasing an additional 618,757 shares in the last quarter. Arizona State Retirement System bought a new position in Solid Power during the 4th quarter worth about $193,000. Pictet Asset Management Holding SA acquired a new stake in shares of Solid Power in the 4th quarter valued at about $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Solid Power in the 4th quarter valued at about $144,000. 33.66% of the stock is currently owned by institutional investors and hedge funds.

Solid Power Price Performance

Shares of NASDAQ:SLDP opened at $2.33 on Monday. The company's 50-day moving average price is $2.55 and its two-hundred day moving average price is $3.16. Solid Power, Inc. has a one year low of $1.98 and a one year high of $8.86. The stock has a market capitalization of $524.21 million, a PE ratio of -5.18 and a beta of 1.92.

Solid Power (NASDAQ:SLDP - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.01. The business had revenue of ($0.27) million for the quarter, compared to the consensus estimate of $1.55 million. Solid Power had a negative return on equity of 19.69% and a negative net margin of 485.47%. On average, analysts anticipate that Solid Power, Inc. will post -0.39 earnings per share for the current fiscal year.

Insider Transactions at Solid Power

In other news, Director Lesa B. Roe sold 39,207 shares of the firm's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $2.66, for a total value of $104,290.62. Following the completion of the sale, the director directly owned 243,975 shares of the company's stock, valued at $648,973.50. This trade represents a 13.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SLDP shares. Alliance Global Partners assumed coverage on Solid Power in a research report on Wednesday, June 10th. They set a "buy" rating and a $6.75 price objective for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Solid Power in a research report on Friday, July 17th. Finally, Needham & Company LLC restated a "buy" rating and issued a $7.00 target price on shares of Solid Power in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Solid Power presently has a consensus rating of "Hold" and a consensus price target of $6.92.

Solid Power Company Profile

Solid Power, Inc NASDAQ: SLDP is a Colorado-based company specializing in the development and manufacturing of all-solid-state rechargeable battery cells for the electric vehicle (EV) and aerospace industries. Founded in 2012 as a spin-out from the University of Colorado Boulder, Solid Power has focused on advancing solid electrolytes and high-energy battery architectures to deliver improved safety, higher energy density and longer cycle life compared with traditional lithium-ion batteries.

The company's core offerings include multilayer solid-state battery cells that utilize sulfide-based solid electrolytes and high-capacity cathode materials.

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