Solid Power (SLDP) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Solid Power in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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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8 Wall Street research analysts have issued twelve-month target prices for Solid Power's stock. Their SLDP share price forecasts range from $2.00 to $8.00. On average, they anticipate the company's stock price to reach $4.42 in the next year. This suggests a possible upside of 118.6% from the stock's current price.
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Solid Power's stock was trading at $2.54 on January 1st, 2023. Since then, SLDP shares have decreased by 20.5% and is now trading at $2.02.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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Solid Power, Inc. (NASDAQ:SLDP) posted its quarterly earnings results on Monday, May, 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.11). The firm earned $3.79 million during the quarter, compared to the consensus estimate 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), First Trust S-Network Future Vehicles & Technology ETF (CARZ) and iShares Self-Driving EV and Tech ETF (IDRV).Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).

Solid Power updated its FY 2023 earnings guidance on Monday, May, 8th. The company provided EPS 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 variety of institutional and retail investors. Top institutional shareholders 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 $2.02.

Solid Power (NASDAQ:SLDP) has a market capitalization of $359.22 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.