Solid Power Sees Unusually High Options Volume (NASDAQ:SLDP)

Solid Power, Inc. (NASDAQ:SLDP - Get Free Report) was the target of unusually large options trading activity on Tuesday. Traders acquired 2,249 call options on the company. This is an increase of 178% compared to the typical daily volume of 808 call options.

Insiders Place Their Bets

In other news, Director Steven H. Goldberg sold 82,365 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $1.62, for a total transaction of $133,431.30. Following the transaction, the director directly owned 118,808 shares of the company's stock, valued at $192,468.96. This represents a 40.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lesa B. Roe sold 29,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $1.69, for a total transaction of $49,010.00. Following the transaction, the director directly owned 239,049 shares in the company, valued at approximately $403,992.81. This trade represents a 10.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company's stock.

Institutional Investors Weigh In On Solid Power

A number of large investors have recently added to or reduced their stakes in the business. Pure Financial Advisors LLC acquired a new stake in Solid Power in the 2nd quarter valued at about $4,668,000. Goldman Sachs Group Inc. lifted its holdings in Solid Power by 12.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 894,120 shares of the company's stock valued at $939,000 after purchasing an additional 100,939 shares in the last quarter. Yaupon Capital Management LP lifted its holdings in Solid Power by 709.1% in the 1st quarter. Yaupon Capital Management LP now owns 3,560,365 shares of the company's stock valued at $3,738,000 after purchasing an additional 3,120,316 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Solid Power by 22.1% in the 1st quarter. MetLife Investment Management LLC now owns 73,184 shares of the company's stock valued at $77,000 after purchasing an additional 13,258 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Solid Power in the 1st quarter valued at about $590,000. 33.66% of the stock is owned by institutional investors and hedge funds.

Solid Power Trading Up 17.1%

Shares of NASDAQ:SLDP traded up $0.55 on Friday, reaching $3.77. 25,883,808 shares of the company were exchanged, compared to its average volume of 3,552,780. Solid Power has a 1-year low of $0.68 and a 1-year high of $3.86. The firm has a market cap of $676.19 million, a price-to-earnings ratio of -7.39 and a beta of 1.75. The company has a 50-day moving average of $1.91 and a 200-day moving average of $1.51.

Solid Power (NASDAQ:SLDP - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.06. Solid Power had a negative net margin of 447.80% and a negative return on equity of 21.24%. The business had revenue of $6.02 million for the quarter, compared to analysts' expectations of $5.00 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.