Solid Power (NASDAQ:SLDP) Stock Price Down 7.6% - Here's What Happened

Key Points

• Shares fell 7.6% mid‑day to about $4.80, with 4.62 million shares traded—roughly 25% below the average session volume.
• Analyst coverage is mixed—one Buy and one Sell—giving a MarketBeat consensus of "Hold" with a $7.00 target after recent downgrades from Wall Street Zen and Weiss while Needham remains bullish.
• Solid Power has a roughly $925M market cap and negative profitability (P/E -9.16; net margin -429.55%), though it beat last quarter's revenue and EPS estimates; a director sold 30,000 shares and insiders own 7.2%.

Solid Power, Inc. (NASDAQ:SLDP - Get Free Report)'s share price traded down 7.6% during mid-day trading on Wednesday . The stock traded as low as $4.81 and last traded at $4.7950. 4,618,197 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 6,159,174 shares. The stock had previously closed at $5.19.

Analyst Ratings Changes

SLDP has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Solid Power from a "hold" rating to a "sell" rating in a research report on Saturday, December 20th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Solid Power in a research note on Thursday, January 22nd. Finally, Needham & Company LLC restated a "buy" rating and issued a $7.00 price objective on shares of Solid Power in a research report on Wednesday, January 14th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $7.00.

Solid Power Price Performance

The company has a market cap of $925.49 million, a P/E ratio of -9.16 and a beta of 1.89. The firm's 50-day moving average is $5.03 and its two-hundred day moving average is $4.86.

Solid Power (NASDAQ:SLDP - Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.14) EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.03. The business had revenue of $4.56 million during the quarter, compared to analysts' expectations of $3.50 million. Solid Power had a negative net margin of 429.55% and a negative return on equity of 24.88%.

Insider Activity at Solid Power

In other news, Director Erik J. Anderson sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $5.20, for a total transaction of $156,000.00. Following the transaction, the director owned 157,617 shares of the company's stock, valued at approximately $819,608.40. The trade was a 15.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 7.20% of the company's stock.

Institutional Investors Weigh In On Solid Power

Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning purchased a new position in shares of Solid Power during the 2nd quarter worth about $26,000. American Century Companies Inc. purchased a new position in shares of Solid Power during the second quarter valued at approximately $27,000. Corient Private Wealth LLC bought a new position in shares of Solid Power during the second quarter valued at approximately $31,000. Brown Advisory Inc. purchased a new stake in shares of Solid Power in the second quarter worth approximately $33,000. Finally, Fisher Asset Management LLC purchased a new position in Solid Power during the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 33.66% of the company's stock.

Solid Power Company Profile

Solid Power, Inc NASDAQ: SLDP is a Colorado-based company specializing in the development and manufacturing of all-solid-state rechargeable battery cells for the electric vehicle (EV) and aerospace industries. Founded in 2012 as a spin-out from the University of Colorado Boulder, Solid Power has focused on advancing solid electrolytes and high-energy battery architectures to deliver improved safety, higher energy density and longer cycle life compared with traditional lithium-ion batteries.

The company's core offerings include multilayer solid-state battery cells that utilize sulfide-based solid electrolytes and high-capacity cathode materials.

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