Solid Power, Inc. (NASDAQ:SLDP) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Solid Power, Inc. (NASDAQ:SLDP - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,353,470 shares of the company's stock after purchasing an additional 912,649 shares during the quarter. Vanguard Group Inc. owned about 4.63% of Solid Power worth $15,788,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SLDP. Barclays PLC grew its position in Solid Power by 268.4% during the third quarter. Barclays PLC now owns 200,619 shares of the company's stock valued at $271,000 after buying an additional 146,157 shares during the period. Virtu Financial LLC purchased a new position in Solid Power during the third quarter valued at $195,000. SG Americas Securities LLC lifted its holdings in Solid Power by 205.5% during the fourth quarter. SG Americas Securities LLC now owns 182,685 shares of the company's stock valued at $345,000 after purchasing an additional 122,888 shares in the last quarter. Carlson Capital L.P. purchased a new position in Solid Power during the fourth quarter valued at $189,000. Finally, Geode Capital Management LLC lifted its holdings in Solid Power by 2.7% during the third quarter. Geode Capital Management LLC now owns 3,407,015 shares of the company's stock valued at $4,600,000 after purchasing an additional 88,754 shares in the last quarter. 33.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $2.00 price objective on shares of Solid Power in a report on Wednesday, January 15th.

Insiders Place Their Bets

In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $1.13, for a total transaction of $211,875.00. Following the completion of the sale, the chief technology officer now owns 865,304 shares in the company, valued at approximately $977,793.52. This represents a 17.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.20% of the company's stock.

Solid Power Price Performance

Shares of SLDP stock traded up $0.03 during trading on Wednesday, reaching $1.18. The company's stock had a trading volume of 321,605 shares, compared to its average volume of 2,522,350. The company has a market capitalization of $213.84 million, a price-to-earnings ratio of -2.40 and a beta of 1.44. The stock's 50-day moving average price is $1.14 and its 200 day moving average price is $1.28. Solid Power, Inc. has a 1-year low of $0.68 and a 1-year high of $2.70.

Solid Power (NASDAQ:SLDP - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The business had revenue of $4.46 million during the quarter, compared to analysts' expectations of $3.85 million. Solid Power had a negative net margin of 471.22% and a negative return on equity of 18.08%.

Solid Power 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.