Tudor Investment Corp ET AL Buys Shares of 492,426 Solid Power, Inc. $SLDP

Key Points

• Tudor Investment Corp ET AL bought a new stake of 492,426 shares in Solid Power (NASDAQ:SLDP), valued at about $1.71 million and representing roughly 0.26% of the company.
• Other institutions boosted positions—Vanguard now holds about 9.44 million shares and Bank of America about 6.50 million after large purchases—leaving institutional investors with roughly 33.66% ownership.
• Analysts are mixed: the consensus rating is a Hold with a $7.00 target, while the stock trades near $2.95 and the company posted negative earnings and margins despite an EPS beat for the quarter.

Tudor Investment Corp ET AL bought a new stake in shares of Solid Power, Inc. (NASDAQ:SLDP - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 492,426 shares of the company's stock, valued at approximately $1,709,000. Tudor Investment Corp ET AL owned about 0.26% of Solid Power as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Solid Power by 15.7% during the third quarter. Vanguard Group Inc. now owns 9,440,931 shares of the company's stock worth $32,760,000 after purchasing an additional 1,278,324 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Solid Power by 3,974.6% during the third quarter. Bank of America Corp DE now owns 6,495,146 shares of the company's stock worth $22,538,000 after purchasing an additional 6,335,739 shares during the last quarter. Riverstone Holdings LLC boosted its holdings in shares of Solid Power by 3.7% during the third quarter. Riverstone Holdings LLC now owns 4,714,816 shares of the company's stock worth $16,360,000 after purchasing an additional 169,709 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Solid Power by 12.7% during the first quarter. Goldman Sachs Group Inc. now owns 894,120 shares of the company's stock worth $939,000 after purchasing an additional 100,939 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Solid Power by 62.5% during the third quarter. Millennium Management LLC now owns 420,170 shares of the company's stock worth $1,458,000 after purchasing an additional 161,634 shares during the last quarter. Institutional investors and hedge funds own 33.66% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SLDP. Wall Street Zen lowered Solid Power from a "hold" rating to a "sell" rating in a research report on Saturday, December 20th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Solid Power in a research report on Thursday, January 22nd. HC Wainwright began coverage on Solid Power in a research report on Monday, March 16th. They issued a "buy" rating and a $7.00 target price on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $7.00 target price on shares of Solid Power in a research report on Wednesday, January 14th. Finally, Zacks Research raised Solid Power to a "hold" rating in a research report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $7.00.

Solid Power Stock Performance

NASDAQ:SLDP opened at $2.95 on Monday. The company has a market capitalization of $650.71 million, a price-to-earnings ratio of -5.90 and a beta of 1.94. Solid Power, Inc. has a one year low of $1.01 and a one year high of $8.86. The stock has a 50-day simple moving average of $3.36 and a 200 day simple moving average of $4.65.

Solid Power (NASDAQ:SLDP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported ($0.14) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.02. Solid Power had a negative return on equity of 23.88% and a negative net margin of 429.54%.The business had revenue of ($0.20) million during the quarter, compared to the consensus estimate of $2.50 million.

Solid Power 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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