MBL Wealth LLC Makes New $591,000 Investment in Solid Power, Inc. $SLDP

Key Points

• MBL Wealth LLC has made a new investment in Solid Power, Inc., acquiring 270,000 shares valued at approximately $591,000, representing 0.15% ownership in the company.
• Analysts have mixed opinions on Solid Power, with Needham & Company raising its price target to $4.00 and giving a "buy" rating, while Weiss Ratings issued a "sell (d-)" rating.
• Solid Power reported a loss per share of ($0.14) in its latest earnings, falling short of analysts' expectations despite revenue of $6.49 million, exceeding estimates.

MBL Wealth LLC bought a new position in shares of Solid Power, Inc. (NASDAQ:SLDP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 270,000 shares of the company's stock, valued at approximately $591,000. MBL Wealth LLC owned about 0.15% of Solid Power at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Yaupon Capital Management LP lifted its stake in Solid Power by 709.1% during the first quarter. Yaupon Capital Management LP now owns 3,560,365 shares of the company's stock worth $3,738,000 after purchasing an additional 3,120,316 shares during the last quarter. Pure Financial Advisors LLC bought a new position in shares of Solid Power in the 2nd quarter valued at $4,668,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Solid Power by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,214,995 shares of the company's stock valued at $1,276,000 after acquiring an additional 51,434 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Solid Power by 12.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 894,120 shares of the company's stock valued at $939,000 after acquiring an additional 100,939 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Solid Power in the 1st quarter valued at $590,000. 33.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on SLDP. Weiss Ratings reiterated a "sell (d-)" rating on shares of Solid Power in a research note on Saturday, September 27th. Needham & Company LLC increased their price target on Solid Power from $2.00 to $4.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $4.00.

Solid Power Price Performance

Shares of SLDP opened at $4.32 on Friday. The stock has a 50-day moving average of $4.03 and a 200-day moving average of $2.52. The company has a market cap of $783.13 million, a PE ratio of -8.31 and a beta of 1.77. Solid Power, Inc. has a one year low of $0.68 and a one year high of $5.62.

Solid Power (NASDAQ:SLDP - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.02). The company had revenue of $6.49 million for the quarter, compared to analyst estimates of $5.00 million. Solid Power had a negative net margin of 412.62% and a negative return on equity of 23.13%.

Solid Power Company Profile

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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