Solid Power, Inc. (NASDAQ:SLDP - Get Free Report)'s stock price shot up 13.5% during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $2.41 and last traded at $2.3050. Approximately 2,198,733 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 4,790,199 shares. The stock had previously closed at $2.03.
The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.22 million during the quarter, compared to the consensus estimate of $1.38 million. Solid Power had a negative return on equity of 19.69% and a negative net margin of 485.47%.
Trending Headlines about Solid Power
Here are the key news stories impacting Solid Power this week:
- Positive Sentiment: Solid Power reported a third-quarter loss of $0.11 per share, one cent better than the $0.12 loss analysts expected and narrower than the $0.14 loss a year earlier. Solid Power third-quarter results
- Positive Sentiment: The company introduced materials into its MOBIUS™ continuous electrolyte production line. Full commissioning is expected by year-end 2026; the line is designed to add 45 metric tons of annual capacity, bringing total capacity to 75 metric tons. This supports the company’s effort to scale production. Solid Power reports third-quarter 2026 results
- Neutral Sentiment: Solid Power cut its 2026 cash investment outlook, which could help preserve cash, but the report also notes declining revenue. The net impact depends on whether lower investment affects the pace of commercialization. Solid Power cuts 2026 cash investment outlook as revenue declines
- Negative Sentiment: Quarterly revenue was $1.22 million, below the $1.38 million consensus estimate. Solid Power also continues to report substantial losses, underscoring the execution and funding risks as it works toward commercial-scale production. Solid Power reports Q3 loss and revenue results
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Solid Power in a research report on Thursday, October 15th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Solid Power presently has an average rating of "Hold" and an average price target of $6.92.
Check Out Our Latest Report on Solid Power
Institutional Trading of Solid Power
A number of hedge funds have recently modified their holdings of SLDP. LexAurum Advisors LLC bought a new position in Solid Power in the third quarter worth $26,000. TSG Advice Partners LLC bought a new stake in Solid Power in the 3rd quarter valued at $26,000. Tidal Investments LLC acquired a new stake in Solid Power during the second quarter valued at approximately $27,000. Amundi bought a new stake in shares of Solid Power in the 1st quarter valued at approximately $32,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Solid Power in the 1st quarter valued at approximately $32,000. Institutional investors own 33.66% of the company's stock.
Solid Power Trading Up 13.4%
The firm has a market capitalization of $525.50 million, a price-to-earnings ratio of -5.06 and a beta of 1.97. The stock has a fifty day moving average price of $2.28 and a 200-day moving average price of $2.92.
Solid Power Company Profile
(
Get Free Report)
Solid Power, Inc is a battery technology company that develops all-solid-state rechargeable batteries and the materials used to manufacture them. Its technology is designed to replace conventional liquid or gel electrolytes with solid electrolytes, with the goal of improving battery safety, energy density and performance for electric vehicles and other applications.
The company's core products and development activities include sulfide-based solid electrolyte materials, solid-state battery cells and related manufacturing processes.
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