Solid Power (NASDAQ:SLDP) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Solid Power (NASDAQ:SLDPGet Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01, FiscalAI reports. Solid Power had a negative net margin of 485.47% and a negative return on equity of 21.57%. The company had revenue of ($0.27) million during the quarter, compared to the consensus estimate of $1.55 million.

Here are the key takeaways from Solid Power’s conference call:

  • Manufacturing pilot line remains on schedule: Solid Power said its continuous electrolyte production line has all major equipment installed, with commissioning planned for the fourth quarter and initial output expected in the first quarter of 2027 at a fully commissioned capacity of 45 metric tons.
  • The company reported progress with Samsung SDI and BMW, including improved electrolyte performance and quality, and expects collaboration with both companies to continue after the current phase-one agreements expire in September.
  • Solid Power remains confident it will announce a South Korean electrolyte-production joint venture by year-end, citing three active discussions and one prospective partner with a draft term sheet under review. It also completed a line-installation agreement milestone with SK On and is negotiating a new collaboration.
  • Second-quarter revenue was negative $300,000 after a noncash $1.2 million reversal tied to changed assumptions for SK On milestone payments; operating expenses were $30 million, producing a $23.8 million net loss, or $0.11 per share.
  • The company ended the quarter with $419.3 million in liquidity, no debt, and $3.2 million in contract assets and receivables, providing substantial funding to pursue commercialization, customer programs, and manufacturing scale-up.

Solid Power Trading Up 8.0%

SLDP traded up $0.17 during trading on Tuesday, reaching $2.30. 5,539,100 shares of the company’s stock were exchanged, compared to its average volume of 3,901,749. Solid Power has a one year low of $1.98 and a one year high of $8.86. The firm has a fifty day moving average price of $2.64 and a two-hundred day moving average price of $3.25. The stock has a market capitalization of $517.45 million, a PE ratio of -4.79 and a beta of 1.92.

Analyst Ratings Changes

Several research firms recently weighed in on SLDP. Weiss Ratings reissued a “sell (d-)” rating on shares of Solid Power in a report on Friday, July 17th. Alliance Global Partners began coverage on Solid Power in a report on Wednesday, June 10th. They issued a “buy” rating and a $6.75 target price for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $7.00 target price on shares of Solid Power in a research report on Wednesday, May 6th. Three 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. According to data from MarketBeat.com, Solid Power presently has an average rating of “Hold” and an average price target of $6.92.

View Our Latest Stock Report on Solid Power

Insider Activity

In other news, Director Lesa B. Roe sold 39,207 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $2.66, for a total transaction of $104,290.62. Following the completion of the transaction, the director owned 243,975 shares of the company’s stock, valued at approximately $648,973.50. This trade represents a 13.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.70% of the company’s stock.

Institutional Trading of Solid Power

Several institutional investors have recently modified their holdings of the business. Creative Planning bought a new position in Solid Power during the 2nd quarter worth $26,000. American Century Companies Inc. acquired a new position in Solid Power during the 2nd quarter worth about $27,000. Corient Private Wealth LLC bought a new stake in shares of Solid Power in the 2nd quarter valued at about $31,000. Brown Advisory Inc. bought a new stake in shares of Solid Power in the 2nd quarter valued at about $33,000. Finally, Prudential Financial Inc. increased its stake in shares of Solid Power by 69.7% in the second quarter. Prudential Financial Inc. now owns 17,480 shares of the company’s stock valued at $38,000 after buying an additional 7,180 shares during the period. Institutional investors own 33.66% of the company’s stock.

Solid Power Company Profile

(Get Free Report)

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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Earnings History for Solid Power (NASDAQ:SLDP)

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