Solid Power, Inc. (SLDP) – What Are Researchers Thinking About This Stock?

Solid Power, Inc. (NASDAQ:SLDP) has received a consensus rating of “Hold” from the five analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $6.92.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Solid Power in a research report on Thursday, October 15th.

Solid Power Stock Down 2.5%

SLDP stock opened at $1.99 on Friday. The company has a market capitalization of $454.08 million, a price-to-earnings ratio of -4.74 and a beta of 1.97. Solid Power has a 12 month low of $1.91 and a 12 month high of $8.02. The firm has a 50 day moving average of $2.26 and a two-hundred day moving average of $2.87.

Solid Power (NASDAQ:SLDP) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.22 million for the quarter, compared to the consensus estimate of $1.38 million. Solid Power had a negative net margin of 485.47% and a negative return on equity of 19.69%. On average, research analysts expect that Solid Power will post -0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new stake in Solid Power in the 3rd quarter worth about $219,000. R Squared Ltd bought a new stake in shares of Solid Power during the 3rd quarter worth about $45,000. Lido Advisors LLC bought a new position in shares of Solid Power during the 3rd quarter valued at $29,000. AlphaCore Capital LLC bought a new stake in Solid Power during the 3rd quarter worth approximately $32,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Solid Power during the third quarter worth about $146,000. Hedge funds and other institutional investors own 33.66% of the company’s stock.

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.