Solid Power’s (SLDP) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Solid Power (NASDAQ:SLDP) in a report published on Wednesday morning,Benzinga reports. They currently have a $7.00 price objective on the stock.

A number of other research analysts also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Solid Power in a research report on Tuesday, April 21st. Zacks Research raised Solid Power to a “hold” rating in a report on Tuesday, March 17th. Finally, HC Wainwright assumed coverage on Solid Power in a research report on Monday, March 16th. They issued a “buy” rating and a $7.00 target price for the company. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Solid Power has an average rating of “Hold” and an average target price of $7.00.

Solid Power Stock Up 5.5%

Shares of NASDAQ SLDP opened at $3.08 on Wednesday. The business’s 50 day moving average is $3.24 and its two-hundred day moving average is $4.43. Solid Power has a 52-week low of $1.27 and a 52-week high of $8.86. The firm has a market cap of $679.39 million, a price-to-earnings ratio of -6.42 and a beta of 1.91.

Solid Power (NASDAQ:SLDP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. Solid Power had a negative return on equity of 21.57% and a negative net margin of 485.47%.The business had revenue of $3.07 million during the quarter, compared to analysts’ expectations of $3.33 million. Analysts anticipate that Solid Power will post -0.44 EPS for the current fiscal year.

Institutional Trading of Solid Power

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in shares of Solid Power by 87.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,618,519 shares of the company’s stock valued at $10,852,000 after purchasing an additional 1,683,866 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Solid Power by 4.9% during the 1st quarter. Bank of New York Mellon Corp now owns 450,866 shares of the company’s stock valued at $1,353,000 after buying an additional 21,117 shares during the period. Abel Hall LLC acquired a new position in Solid Power during the 1st quarter valued at about $36,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Solid Power during the 1st quarter worth about $32,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of Solid Power in the 1st quarter worth approximately $51,000. Institutional investors own 33.66% of the company’s stock.

Key Solid Power News

Here are the key news stories impacting Solid Power this week:

• Positive Sentiment: HC Wainwright raised its Q2 2026 EPS estimate to $(0.12) from $(0.13), suggesting a slightly better near-term earnings outlook for Solid Power. Solid Power analyst estimate update
• Positive Sentiment: The firm also nudged up its Q4 2026 and FY2026 EPS forecasts, indicating improving expectations for Solid Power’s path toward narrowing losses. Solid Power analyst estimate update
• Positive Sentiment: HC Wainwright maintained a Buy rating and $7 price target, reinforcing bullish sentiment around Solid Power’s long-term battery technology prospects. Solid Power analyst estimate update
• Neutral Sentiment: A Seeking Alpha piece said Solid Power remains a high-risk, high-reward speculative name, but highlighted a fortified cash position and a key site acceptance testing milestone with SK On in Korea. Solid Power article
• Positive Sentiment: Needham also initiated/issued a Buy rating, adding to the recent string of favorable analyst calls for SLDP. Needham rating on Solid Power

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.