DnB Asset Management AS Buys Shares of 101,646 Solid Power, Inc. (NASDAQ:SLDP)

DnB Asset Management AS purchased a new position in shares of Solid Power, Inc. (NASDAQ:SLDP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 101,646 shares of the company’s stock, valued at approximately $192,000. DnB Asset Management AS owned 0.06% of Solid Power at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cibc World Markets Corp bought a new stake in Solid Power during the fourth quarter worth $27,000. Belvedere Trading LLC bought a new stake in shares of Solid Power during the 4th quarter worth $33,000. Raymond James Financial Inc. acquired a new stake in Solid Power in the fourth quarter valued at about $40,000. Intech Investment Management LLC bought a new position in Solid Power in the third quarter valued at about $62,000. Finally, Carlson Capital L.P. bought a new position in Solid Power in the fourth quarter valued at about $189,000. Institutional investors and hedge funds own 33.66% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “buy” rating and issued a $2.00 target price on shares of Solid Power in a report on Wednesday, January 15th.

Solid Power Stock Performance

NASDAQ SLDP opened at $1.05 on Thursday. The firm’s fifty day moving average price is $1.25 and its two-hundred day moving average price is $1.31. The stock has a market cap of $191.09 million, a PE ratio of -2.14 and a beta of 1.42. Solid Power, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $2.70.

Solid Power (NASDAQ:SLDP) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The firm had revenue of $4.46 million for the quarter, compared to the consensus estimate of $3.85 million. Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%.

Insider Transactions at Solid Power

In other Solid Power news, CTO Joshua Buettner-Garrett sold 187,500 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $1.13, for a total transaction of $211,875.00. Following the sale, the chief technology officer now directly owns 865,304 shares of the company’s stock, valued at $977,793.52. The trade was a 17.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 7.20% of the company’s stock.

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.