Shares of Solid Power, Inc. (NASDAQ:SLDP – Get Free Report) have been given a consensus recommendation of “Hold” by the five research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $6.9167.
A number of analysts have weighed in on the company. Alliance Global Partners assumed coverage on Solid Power in a research report on Wednesday, June 10th. They set a “buy” rating and a $6.75 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Solid Power in a report on Tuesday, April 21st. Zacks Research upgraded Solid Power to a “hold” rating in a research note on Tuesday, March 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $7.00 price target on shares of Solid Power in a report on Wednesday, May 6th. Finally, HC Wainwright started coverage on shares of Solid Power in a research report on Monday, March 16th. They issued a “buy” rating and a $7.00 price objective on the stock.
Check Out Our Latest Analysis on Solid Power
Insider Activity at Solid Power
Institutional Investors Weigh In On Solid Power
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in shares of Solid Power during the 4th quarter worth $42,000. GEM Asset Management LLC purchased a new position in shares of Solid Power in the 4th quarter valued at about $42,000. AlphaCore Capital LLC purchased a new position in shares of Solid Power in the 3rd quarter valued at about $35,000. Cibc World Markets Corp purchased a new stake in Solid Power during the fourth quarter worth about $43,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Solid Power during the first quarter worth about $32,000. Institutional investors and hedge funds own 33.66% of the company’s stock.
Solid Power Stock Performance
NASDAQ SLDP opened at $2.80 on Wednesday. The firm’s fifty day moving average is $3.16 and its two-hundred day moving average is $3.88. Solid Power has a one year low of $1.71 and a one year high of $8.86. The firm has a market cap of $629.94 million, a PE ratio of -5.83 and a beta of 1.87.
Solid Power (NASDAQ:SLDP – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.06. The business had revenue of $3.07 million during the quarter, compared to the consensus estimate of $3.33 million. Solid Power had a negative net margin of 485.47% and a negative return on equity of 21.57%. Research analysts predict that Solid Power will post -0.44 earnings per share for the current year.
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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