Solid Power, Inc. (NASDAQ:SLDP) CTO Sells $348,750.00 in Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $1.86, for a total value of $348,750.00. Following the transaction, the chief technology officer now directly owns 692,993 shares of the company’s stock, valued at approximately $1,288,966.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Joshua Buettner-Garrett also recently made the following trade(s):

• On Monday, March 18th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.36, for a total value of $255,000.00.
• On Wednesday, February 7th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.58, for a total value of $296,250.00.
• On Thursday, January 11th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.29, for a total value of $241,875.00.

Solid Power Price Performance

Solid Power stock traded up $0.01 during mid-day trading on Thursday, reaching $1.85. 2,004,708 shares of the company traded hands, compared to its average volume of 3,843,198. Solid Power, Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $3.20. The firm’s fifty day moving average is $1.63 and its two-hundred day moving average is $1.55. The company has a market capitalization of $335.02 million, a price-to-earnings ratio of -5.14 and a beta of 1.76.

Solid Power (NASDAQ:SLDP) last issued its earnings results on Tuesday, February 27th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). The company had revenue of $2.35 million during the quarter, compared to analyst estimates 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 research analysts predict that Solid Power, Inc. will post -0.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on SLDP. DA Davidson reaffirmed a “neutral” rating and set a $3.00 price objective on shares of Solid Power in a research report on Tuesday, March 5th. Chardan Capital reiterated a “buy” rating and set a $5.00 target price on shares of Solid Power in a research note on Wednesday, February 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 target price on shares of Solid Power in a report on Wednesday, February 28th.

Hedge Funds Weigh In On Solid Power

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Port Capital LLC purchased a new position in Solid Power in the 2nd quarter worth $28,000. CIBC Private Wealth Group LLC raised its stake in Solid Power by 76.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 20,085 shares of the company’s stock worth $29,000 after acquiring an additional 8,675 shares during the last quarter. Sei Investments Co. purchased a new position in Solid Power in the 2nd quarter worth $29,000. Brave Asset Management Inc. raised its stake in Solid Power by 90.9% in the 4th quarter. Brave Asset Management Inc. now owns 21,000 shares of the company’s stock worth $30,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Solid Power in the 4th quarter worth $30,000. 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.