Brave Asset Management Inc. Purchases 10,000 Shares of Solid Power, Inc. (NASDAQ:SLDP)

Brave Asset Management Inc. lifted its stake in Solid Power, Inc. (NASDAQ:SLDP) by 90.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,000 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Brave Asset Management Inc.’s holdings in Solid Power were worth $30,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Port Capital LLC purchased a new position in Solid Power in the 2nd quarter worth $28,000. Sei Investments Co. acquired a new stake in shares of Solid Power during the second quarter worth about $29,000. Jane Street Group LLC purchased a new stake in Solid Power in the fourth quarter valued at approximately $30,000. Citigroup Inc. increased its holdings in Solid Power by 29.2% in the 4th quarter. Citigroup Inc. now owns 12,069 shares of the company’s stock worth $31,000 after buying an additional 2,731 shares during the period. Finally, Cerity Partners LLC purchased a new position in Solid Power during the 1st quarter worth approximately $31,000. 33.66% of the stock is currently owned by institutional investors and hedge funds.

Solid Power Stock Up 5.7 %

SLDP traded up $0.11 during trading on Thursday, reaching $2.03. The company’s stock had a trading volume of 6,374,742 shares, compared to its average volume of 3,920,329. The firm has a fifty day simple moving average of $1.58 and a two-hundred day simple moving average of $1.56. The company has a market cap of $367.61 million, a price-to-earnings ratio of -5.49 and a beta of 1.70. Solid Power, Inc. has a 1 year low of $1.10 and a 1 year high of $3.20.

Solid Power (NASDAQ:SLDP) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). The firm had revenue of $2.35 million for the quarter, compared to the consensus estimate of $4.14 million. Solid Power had a negative return on equity of 12.55% and a negative net margin of 376.47%. As a group, equities analysts forecast that Solid Power, Inc. will post -0.42 EPS for the current fiscal year.

Insider Transactions at Solid Power

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $1.36, for a total value of $255,000.00. Following the sale, the chief technology officer now directly owns 336,539 shares in the company, valued at approximately $457,693.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 562,500 shares of company stock worth $793,125 in the last quarter. Company insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

SLDP has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price target on shares of Solid Power in a research report on Wednesday, February 28th. DA Davidson reissued a “neutral” rating and set a $3.00 target price on shares of Solid Power in a research note on Tuesday, March 5th. Finally, Chardan Capital reaffirmed a “buy” rating and issued a $5.00 price target on shares of Solid Power in a research note on Wednesday, February 28th.

Solid Power 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.