Yaupon Capital Management LP Reduces Stock Holdings in Solid Power, Inc. (NASDAQ:SLDP)

Yaupon Capital Management LP lowered its position in Solid Power, Inc. (NASDAQ:SLDP - Free Report) by 81.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 440,049 shares of the company's stock after selling 1,939,413 shares during the quarter. Yaupon Capital Management LP owned about 0.24% of Solid Power worth $832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cibc World Markets Corp acquired a new stake in shares of Solid Power during the 4th quarter worth approximately $27,000. Belvedere Trading LLC purchased a new position in Solid Power in the fourth quarter worth approximately $33,000. Raymond James Financial Inc. acquired a new stake in Solid Power during the fourth quarter worth $40,000. DRW Securities LLC purchased a new stake in Solid Power in the fourth quarter valued at $88,000. Finally, MetLife Investment Management LLC lifted its stake in shares of Solid Power by 63.0% in the 4th quarter. MetLife Investment Management LLC now owns 59,926 shares of the company's stock valued at $113,000 after purchasing an additional 23,163 shares during the last quarter. 33.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $1.13, for a total transaction of $211,875.00. Following the completion of the transaction, the chief technology officer now directly owns 865,304 shares of the company's stock, valued at $977,793.52. The trade was a 17.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.20% of the company's stock.

Analysts Set New Price Targets

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

Solid Power Price Performance

NASDAQ SLDP remained flat at $1.14 on Friday. The company's stock had a trading volume of 677,024 shares, compared to its average volume of 2,528,880. The company's 50-day moving average price is $1.12 and its two-hundred day moving average price is $1.28. Solid Power, Inc. has a 52 week low of $0.68 and a 52 week high of $2.70. The company has a market capitalization of $207.47 million, a price-to-earnings ratio of -2.33 and a beta of 1.44.

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

About Solid Power

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.