Solid Power (SLDP) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Solid Power in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SLDP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SLDP, but not buy additional shares or sell existing shares.
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7 equities research analysts have issued 12-month price targets for Solid Power's shares. Their SLDP share price forecasts range from $3.00 to $8.00. On average, they anticipate the company's stock price to reach $4.90 in the next year. This suggests a possible upside of 105.9% from the stock's current price.
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Solid Power's stock was trading at $2.54 at the start of the year. Since then, SLDP stock has decreased by 6.3% and is now trading at $2.38.
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Solid Power saw a drop in short interest in May. As of May 15th, there was short interest totaling 7,600,000 shares, a drop of 16.5% from the April 30th total of 9,100,000 shares. Based on an average daily trading volume, of 2,160,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 6.5% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our SLDP earnings forecast.

Solid Power, Inc. (NASDAQ:SLDP) released its quarterly earnings data on Monday, May, 8th. The company reported ($0.11) EPS for the quarter, hitting analysts' consensus estimates of ($0.11). The company had revenue of $3.79 million for the quarter, compared to analysts' expectations of $4.14 million. Solid Power had a negative trailing twelve-month return on equity of 3.32% and a negative net margin of 137.24%.

ETFs with the largest weight of Solid Power (NASDAQ:SLDP) stock in their portfolio include Invesco WilderHill Clean Energy ETF (PBW), WisdomTree Battery Value Chain and Innovation Fund (WBAT), iShares Self-Driving EV and Tech ETF (IDRV) and Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).

Solid Power updated its FY 2023 earnings guidance on Monday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $15.00 million-$20.00 million, compared to the consensus revenue estimate of $16.90 million.

Solid Power trades on the NASDAQ under the ticker symbol "SLDP."

Solid Power's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.09%), Riverstone Holdings LLC (2.68%), State Street Corp (1.38%), Geode Capital Management LLC (1.35%), Two Sigma Investments LP (0.46%) and CVA Family Office LLC (0.35%). Insiders that own company stock include Douglas M Campbell, Erik J Anderson, John Joseph Stephens and Volta Energy Technologies, Llc.
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Shares of SLDP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SLDP stock can currently be purchased for approximately $2.38.

Solid Power (NASDAQ:SLDP) has a market capitalization of $423.24 million and generates $11.79 million in revenue each year. The company earns $-9,560,000.00 in net income (profit) each year or ($0.10) on an earnings per share basis.

The company employs 127 workers across the globe.

Solid Power's mailing address is 2744 SAND HILL ROAD SUITE 100, MENLO PARK CA, 94025. The official website for the company is www.dcrbplus.com. The company can be reached via phone at 303-219-0720 or via email at investors@solidpowerbattery.com.