Solid Power, Inc. (NASDAQ:SLDP) Shares Bought by Millennium Management LLC

Millennium Management LLC lifted its stake in shares of Solid Power, Inc. (NASDAQ:SLDP - Free Report) by 21.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,401,680 shares of the company's stock after acquiring an additional 244,738 shares during the quarter. Millennium Management LLC owned 0.78% of Solid Power worth $2,649,000 as of its most recent filing with the Securities and Exchange Commission.

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

Solid Power Trading Down 9.0%

NASDAQ:SLDP traded down $0.14 during trading hours on Monday, hitting $1.42. The company's stock had a trading volume of 4,030,816 shares, compared to its average volume of 2,597,027. The stock has a market capitalization of $254.69 million, a P/E ratio of -2.90 and a beta of 1.42. The stock has a fifty day moving average of $1.20 and a 200-day moving average of $1.30. Solid Power, Inc. has a 52-week low of $0.68 and a 52-week high of $2.70.

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

Insider Activity at Solid Power

In other Solid Power news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $1.13, for a total value of $211,875.00. Following the completion of the transaction, the chief technology officer now owns 865,304 shares in the company, 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 SEC, which is available at this hyperlink. Also, Director Lesa B. Roe sold 29,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $1.69, for a total transaction of $49,010.00. Following the completion of the transaction, the director now owns 239,049 shares of the company's stock, valued at $403,992.81. This represents a 10.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 298,865 shares of company stock valued at $394,316 over the last quarter. 4.90% of the stock is owned by insiders.

Solid Power 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.