Solid Power, Inc. (NASDAQ:SLDP) Director Steven H. Goldberg Sells 59,197 Shares of Stock

Solid Power, Inc. (NASDAQ:SLDP) Director Steven H. Goldberg sold 59,197 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $1.45, for a total value of $85,835.65. Following the transaction, the director now owns 82,365 shares of the company’s stock, valued at $119,429.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Solid Power Stock Performance

SLDP opened at $1.43 on Friday. The stock has a 50-day moving average price of $1.69 and a 200-day moving average price of $1.69. Solid Power, Inc. has a 12-month low of $1.10 and a 12-month high of $2.35. The stock has a market capitalization of $253.18 million, a P/E ratio of -3.76 and a beta of 1.77.

Solid Power (NASDAQ:SLDP) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The firm had revenue of $5.08 million during the quarter, compared to analysts’ expectations of $13.11 million. Solid Power had a negative return on equity of 13.32% and a negative net margin of 345.37%. During the same quarter in the previous year, the company posted ($0.07) earnings per share.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SLDP shares. Needham & Company LLC restated a “buy” rating and set a $3.00 target price on shares of Solid Power in a research report on Wednesday, August 7th. Chardan Capital restated a “buy” rating and set a $5.00 target price on shares of Solid Power in a research report on Wednesday, May 8th.

Institutional Investors Weigh In On Solid Power

Several institutional investors have recently bought and sold shares of SLDP. Gainplan LLC purchased a new stake in Solid Power during the 1st quarter valued at about $25,000. Norden Group LLC bought a new position in Solid Power during the 1st quarter valued at approximately $29,000. SG Americas Securities LLC bought a new position in Solid Power during the 1st quarter valued at approximately $31,000. Vanguard Personalized Indexing Management LLC bought a new position in Solid Power during the 4th quarter valued at approximately $37,000. Finally, Paloma Partners Management Co bought a new position in Solid Power during the 1st quarter valued at approximately $48,000. 33.66% of the stock is currently owned by hedge funds and other institutional investors.

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.