Solid Power, Inc. (NASDAQ:SLDP – Free Report) – Analysts at HC Wainwright cut their FY2027 EPS estimates for Solid Power in a research report issued on Wednesday, November 4th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings of ($0.51) per share for the year, down from their prior estimate of ($0.50). The consensus estimate for Solid Power’s current full-year earnings is ($0.39) per share. HC Wainwright also issued estimates for Solid Power’s FY2028 earnings at ($0.50) EPS.
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Solid Power in a research report on Thursday, October 15th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.92.
Solid Power Stock Down 9.3%
Shares of NASDAQ:SLDP opened at $2.04 on Friday. Solid Power has a 12 month low of $1.91 and a 12 month high of $8.31. The company’s fifty day simple moving average is $2.27 and its 200 day simple moving average is $2.89. The firm has a market cap of $465.49 million, a price-to-earnings ratio of -4.86 and a beta of 1.97.
Solid Power (NASDAQ:SLDP – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. Solid Power had a negative net margin of 485.47% and a negative return on equity of 18.35%. The company had revenue of $1.22 million during the quarter, compared to analysts’ expectations of $1.38 million.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. TSG Advice Partners LLC acquired a new stake in Solid Power in the 3rd quarter valued at approximately $26,000. Tidal Investments LLC bought a new stake in Solid Power in the 2nd quarter valued at approximately $27,000. Elevation Point Wealth Partners LLC bought a new stake in Solid Power in the 1st quarter valued at approximately $32,000. Amundi bought a new stake in Solid Power in the 1st quarter valued at approximately $32,000. Finally, LexAurum Advisors LLC acquired a new position in Solid Power during the 3rd quarter worth approximately $26,000. 33.66% of the stock is currently owned by institutional investors.
Solid Power Company Profile
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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