Solid Power (NASDAQ:SLDP) Director Erik Anderson Sells 30,000 Shares

Solid Power, Inc. (NASDAQ:SLDP) Director Erik Anderson sold 30,000 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $5.20, for a total transaction of $156,000.00. Following the transaction, the director directly owned 157,617 shares in the company, valued at approximately $819,608.40. The trade was a 15.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Solid Power Price Performance

Shares of NASDAQ SLDP traded up $0.14 during midday trading on Monday, hitting $5.31. The company’s stock had a trading volume of 12,028,396 shares, compared to its average volume of 8,115,211. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -10.02 and a beta of 1.87. The business’s fifty day simple moving average is $5.72 and its two-hundred day simple moving average is $4.06. Solid Power, Inc. has a 1 year low of $0.68 and a 1 year high of $8.86.

Solid Power (NASDAQ:SLDP) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.03. Solid Power had a negative return on equity of 24.88% and a negative net margin of 429.55%.The business had revenue of $4.56 million during the quarter, compared to analysts’ expectations of $3.50 million.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SLDP. Weiss Ratings reissued a “sell (d-)” rating on shares of Solid Power in a report on Wednesday, October 8th. Needham & Company LLC raised their target price on shares of Solid Power from $4.00 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. AlphaCore Capital LLC acquired a new position in Solid Power in the third quarter worth about $35,000. Principal Financial Group Inc. bought a new stake in shares of Solid Power in the 3rd quarter valued at approximately $37,000. Ground Swell Capital LLC acquired a new stake in shares of Solid Power during the 3rd quarter valued at approximately $39,000. Creative Planning bought a new position in Solid Power during the second quarter worth $26,000. Finally, American Century Companies Inc. bought a new stake in Solid Power during the second quarter valued at $27,000. Hedge funds and other institutional investors own 33.66% of the company’s stock.

Solid Power Company Profile

Solid Power, Inc develops solid state battery technologies for the electric vehicles (EV) and other markets in the United States. The company sells its sulfide-based solid electrolyte; and licenses its solid-state cell designs and manufacturing processes. It also produces and sells 0.2, 2, 20 ampere-hour (Ah), and EV cells.