Joshua Buettner-Garrett Sells 187,500 Shares of Solid Power, Inc. (NASDAQ:SLDP) Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $1.07, for a total transaction of $200,625.00. Following the completion of the sale, the chief technology officer now directly owns 869,720 shares in the company, valued at approximately $930,600.40. The trade was a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, October 7th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.26, for a total transaction of $236,250.00.
• On Tuesday, September 10th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.21, for a total transaction of $226,875.00.
• On Monday, August 19th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.42, for a total transaction of $266,250.00.

Solid Power Trading Down 6.2 %

Shares of SLDP stock opened at $1.06 on Friday. Solid Power, Inc. has a 1-year low of $1.06 and a 1-year high of $2.35. The firm’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $1.55.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SLDP shares. Needham & Company LLC reduced their target price on shares of Solid Power from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Monday. Wolfe Research started coverage on shares of Solid Power in a report on Thursday, September 5th. They issued an “underperform” rating and a $1.00 target price on the stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SLDP. SG Americas Securities LLC purchased a new position in shares of Solid Power during the 1st quarter worth about $31,000. Paloma Partners Management Co purchased a new position in shares of Solid Power during the 1st quarter worth about $48,000. American Century Companies Inc. purchased a new position in shares of Solid Power during the 2nd quarter worth about $60,000. Intech Investment Management LLC acquired a new stake in Solid Power during the 3rd quarter worth approximately $62,000. Finally, Silver Lake Advisory LLC acquired a new stake in Solid Power during the 2nd quarter worth approximately $69,000. 33.66% of the stock is currently owned by hedge funds and other institutional investors.

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.