Solid Power, Inc. (NASDAQ:SLDP) Director Lesa B. Roe Sells 29,000 Shares

Solid Power, Inc. (NASDAQ:SLDP - Get Free Report) Director Lesa B. Roe sold 29,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $1.69, for a total transaction of $49,010.00. Following the completion of the sale, the director now directly owns 239,049 shares in the company, valued at approximately $403,992.81. This trade represents a 10.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Solid Power Price Performance

Shares of NASDAQ SLDP traded down $0.14 during midday trading on Monday, hitting $1.42. 4,060,331 shares of the company's stock were exchanged, compared to its average volume of 2,597,642. Solid Power, Inc. has a twelve month low of $0.68 and a twelve month high of $2.70. The stock's 50 day moving average price is $1.21 and its 200-day moving average price is $1.31. The firm has a market cap of $254.69 million, a P/E ratio of -2.90 and a beta of 1.42.

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

Institutional Trading of Solid Power

A number of hedge funds and other institutional investors have recently made changes to their positions in SLDP. Cibc World Markets Corp bought a new stake in Solid Power during the fourth quarter worth approximately $27,000. Belvedere Trading LLC acquired a new stake in shares of Solid Power during the 4th quarter valued at $33,000. BNP Paribas Financial Markets acquired a new stake in shares of Solid Power during the 4th quarter valued at $34,000. Raymond James Financial Inc. bought a new stake in shares of Solid Power during the 4th quarter worth $40,000. Finally, ProShare Advisors LLC boosted its stake in shares of Solid Power by 50.6% during the 4th quarter. ProShare Advisors LLC now owns 43,589 shares of the company's stock worth $82,000 after acquiring an additional 14,655 shares in the last quarter. 33.66% of the stock is currently owned by institutional investors.

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.