Solid Power, Inc. (NASDAQ:SLDP) Director Steven H. Goldberg Sells 82,365 Shares

Solid Power, Inc. (NASDAQ:SLDP - Get Free Report) Director Steven H. Goldberg sold 82,365 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $1.62, for a total value of $133,431.30. Following the completion of the transaction, the director now directly owns 118,808 shares in the company, valued at $192,468.96. This trade represents a 40.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Solid Power Trading Down 5.7%

SLDP stock traded down $0.10 during midday trading on Friday, hitting $1.59. The company's stock had a trading volume of 3,853,687 shares, compared to its average volume of 2,585,577. The company has a market cap of $284.29 million, a PE ratio of -3.23 and a beta of 1.42. Solid Power, Inc. has a 12 month low of $0.68 and a 12 month high of $2.70. The firm's 50-day moving average is $1.20 and its 200-day moving average is $1.30.

Solid Power (NASDAQ:SLDP - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.08) earnings per share 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 analysts' expectations of $5.00 million. Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%.

Hedge Funds Weigh In On Solid Power

Several hedge funds and other institutional investors have recently modified their holdings of SLDP. Yaupon Capital Management LP lifted its holdings in shares of Solid Power by 709.1% during the 1st quarter. Yaupon Capital Management LP now owns 3,560,365 shares of the company's stock valued at $3,738,000 after buying an additional 3,120,316 shares during the period. Vanguard Group Inc. raised its holdings in Solid Power by 12.3% in the 4th quarter. Vanguard Group Inc. now owns 8,353,470 shares of the company's stock worth $15,788,000 after purchasing an additional 912,649 shares during the period. Nuveen LLC bought a new position in Solid Power in the 1st quarter worth $590,000. Bridgeway Capital Management LLC bought a new position in Solid Power in the 4th quarter worth $662,000. Finally, Invesco Ltd. raised its holdings in Solid Power by 9.9% in the 4th quarter. Invesco Ltd. now owns 3,802,147 shares of the company's stock worth $7,186,000 after purchasing an additional 342,114 shares during the period. 33.66% of the stock is 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.