BBR Partners LLC Buys New Shares in Solid Power, Inc. $SLDP

BBR Partners LLC purchased a new stake in shares of Solid Power, Inc. (NASDAQ:SLDP) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 147,657 shares of the company’s stock, valued at approximately $512,000.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. grew its holdings in shares of Solid Power by 17.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 37,683 shares of the company’s stock worth $131,000 after purchasing an additional 5,526 shares in the last quarter. Prudential Financial Inc. boosted its stake in Solid Power by 69.7% during the second quarter. Prudential Financial Inc. now owns 17,480 shares of the company’s stock worth $38,000 after buying an additional 7,180 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Solid Power by 9.0% in the 2nd quarter. Osaic Holdings Inc. now owns 92,809 shares of the company’s stock valued at $203,000 after buying an additional 7,683 shares during the period. Rhumbline Advisers raised its stake in shares of Solid Power by 4.9% in the 3rd quarter. Rhumbline Advisers now owns 206,452 shares of the company’s stock valued at $716,000 after buying an additional 9,675 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of Solid Power during the 3rd quarter worth about $37,000. Institutional investors own 33.66% of the company’s stock.

Solid Power Stock Down 3.3%

Shares of NASDAQ SLDP opened at $3.52 on Wednesday. Solid Power, Inc. has a 12-month low of $0.68 and a 12-month high of $8.86. The firm’s 50-day simple moving average is $4.69 and its 200 day simple moving average is $4.91. The company has a market cap of $672.39 million, a price-to-earnings ratio of -6.64 and a beta of 1.89.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Solid Power from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Solid Power in a research note on Thursday, January 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $7.00 target price on shares of Solid Power in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.00.

Insider Activity at Solid Power

In related news, Director Erik J. Anderson sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $5.20, for a total value of $156,000.00. Following the completion of the transaction, the director owned 157,617 shares in the company, valued at $819,608.40. The trade was a 15.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 7.20% of the stock is owned by company insiders.

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.