Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett Sells 187,500 Shares

Solid Power, Inc. (NASDAQ:SLDP - Get Free Report) CTO Joshua Buettner-Garrett sold 187,500 shares of the firm's stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $1.68, for a total value of $315,000.00. Following the transaction, the chief technology officer now directly owns 687,473 shares in the company, valued at $1,154,954.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Joshua Buettner-Garrett also recently made the following trade(s):

• On Wednesday, April 3rd, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.86, for a total value of $348,750.00.
• On Monday, March 18th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.36, for a total value of $255,000.00.

Solid Power Trading Up 1.8 %

NASDAQ SLDP traded up $0.03 during trading on Wednesday, reaching $1.72. 2,211,797 shares of the company's stock were exchanged, compared to its average volume of 3,219,038. Solid Power, Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $3.20. The firm has a market capitalization of $304.52 million, a PE ratio of -4.51 and a beta of 1.79. The company's fifty day simple moving average is $1.72 and its 200-day simple moving average is $1.56.

Solid Power (NASDAQ:SLDP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.11) EPS for the quarter, hitting analysts' consensus estimates of ($0.11). The firm had revenue of $2.35 million during the quarter, compared to analyst estimates of $4.14 million. Solid Power had a negative return on equity of 13.32% and a negative net margin of 345.37%. Equities analysts forecast that Solid Power, Inc. will post -0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Solid Power

Several institutional investors have recently made changes to their positions in SLDP. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Solid Power by 46.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,031 shares of the company's stock valued at $57,000 after buying an additional 8,942 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Solid Power during the 3rd quarter valued at about $72,000. Arizona State Retirement System lifted its holdings in shares of Solid Power by 25.0% during the 3rd quarter. Arizona State Retirement System now owns 40,507 shares of the company's stock valued at $82,000 after buying an additional 8,098 shares during the last quarter. Western Wealth Management LLC lifted its holdings in shares of Solid Power by 158.5% during the 3rd quarter. Western Wealth Management LLC now owns 33,838 shares of the company's stock valued at $68,000 after buying an additional 20,750 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Solid Power by 24.4% during the 3rd quarter. Swiss National Bank now owns 312,700 shares of the company's stock valued at $632,000 after buying an additional 61,400 shares during the last quarter. 33.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SLDP has been the topic of a number of analyst reports. DA Davidson reissued a "neutral" rating and issued a $3.00 price target on shares of Solid Power in a research note on Tuesday, March 5th. Chardan Capital restated a "buy" rating and set a $5.00 price objective on shares of Solid Power in a research report on Wednesday, May 8th. Finally, Needham & Company LLC restated a "buy" rating and set a $3.00 price objective on shares of Solid Power in a research report on Wednesday, May 8th.

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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