Inspire Investing LLC bought a new position in Solid Power, Inc. (NASDAQ:SLDP – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 267,664 shares of the company’s stock, valued at approximately $636,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp grew its stake in Solid Power by 36.4% in the 2nd quarter. State Street Corp now owns 5,787,916 shares of the company’s stock valued at $14,991,000 after buying an additional 1,544,134 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Solid Power by 87.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,618,519 shares of the company’s stock valued at $10,852,000 after acquiring an additional 1,683,866 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Solid Power by 4.9% during the first quarter. Bank of New York Mellon Corp now owns 450,866 shares of the company’s stock worth $1,353,000 after acquiring an additional 21,117 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Solid Power during the second quarter worth $535,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Solid Power during the second quarter worth $393,000. 33.66% of the stock is owned by institutional investors.
Solid Power Stock Down 1.0%
SLDP stock opened at $2.03 on Friday. The stock has a 50-day simple moving average of $2.30 and a two-hundred day simple moving average of $2.98. Solid Power, Inc. has a twelve month low of $1.91 and a twelve month high of $8.86. The firm has a market capitalization of $463.21 million, a PE ratio of -4.51 and a beta of 1.99.
Solid Power (NASDAQ:SLDP – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. Solid Power had a negative net margin of 485.47% and a negative return on equity of 19.69%. The firm had revenue of ($0.27) million for the quarter, compared to the consensus estimate of $1.55 million. On average, equities research analysts anticipate that Solid Power, Inc. will post -0.39 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Solid Power in a report on Thursday, October 15th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Solid Power presently has an average rating of “Hold” and an average price target of $6.92.
Get Our Latest Stock Analysis on Solid Power
About Solid Power
Solid Power, Inc is a battery technology company that develops all-solid-state rechargeable batteries and the materials used to manufacture them. Its technology is designed to replace conventional liquid or gel electrolytes with solid electrolytes, with the goal of improving battery safety, energy density and performance for electric vehicles and other applications.
The company’s core products and development activities include sulfide-based solid electrolyte materials, solid-state battery cells and related manufacturing processes.
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