Steward Partners Investment Advisory LLC Sells 927,094 Shares of Solid Power, Inc. $SLDP

Steward Partners Investment Advisory LLC decreased its position in shares of Solid Power, Inc. (NASDAQ:SLDP) by 96.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,500 shares of the company’s stock after selling 927,094 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Solid Power were worth $67,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SLDP. Yaupon Capital Management LP boosted its position in shares of Solid Power by 709.1% during the 1st quarter. Yaupon Capital Management LP now owns 3,560,365 shares of the company’s stock valued at $3,738,000 after acquiring an additional 3,120,316 shares during the last quarter. Pure Financial Advisors LLC purchased a new position in shares of Solid Power during the second quarter valued at about $4,668,000. Charles Schwab Investment Management Inc. lifted its position in Solid Power by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,214,995 shares of the company’s stock worth $1,276,000 after buying an additional 51,434 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Solid Power by 12.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 894,120 shares of the company’s stock worth $939,000 after buying an additional 100,939 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Solid Power during the 1st quarter worth approximately $590,000. Institutional investors own 33.66% of the company’s stock.

Solid Power Trading Up 2.7%

SLDP stock opened at $5.31 on Tuesday. The stock has a 50-day moving average price of $5.75 and a 200-day moving average price of $4.08. The firm has a market cap of $1.01 billion, a PE ratio of -10.02 and a beta of 1.87. 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) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.03. The firm had revenue of $4.56 million during the quarter, compared to the consensus estimate of $3.50 million. Solid Power had a negative return on equity of 24.88% and a negative net margin of 429.55%.

Insiders Place Their Bets

In other Solid Power news, Director Erik J. Anderson sold 30,000 shares of Solid Power 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 of the company’s stock, valued at $819,608.40. The trade was a 15.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 7.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on SLDP shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Solid Power in a report on Wednesday, October 8th. Needham & Company LLC upped their target price on shares of Solid Power from $4.00 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Solid Power has an average rating of “Hold” and an average target price of $7.00.

About Solid Power

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.