Solid Power, Inc. (NASDAQ:SLDP – Get Rating)’s share price hit a new 52-week low on Monday . The company traded as low as $4.58 and last traded at $4.63, with a volume of 3153 shares. The stock had previously closed at $4.63.
Analyst Upgrades and Downgrades
SLDP has been the topic of a number of research reports. Cowen initiated coverage on Solid Power in a research report on Monday, October 31st. They set a “market perform” rating on the stock. Cowen initiated coverage on Solid Power in a research report on Monday, October 31st. They set a “market perform” rating on the stock.
Solid Power Price Performance
The business has a fifty day moving average of $5.41 and a 200-day moving average of $6.33.
Insider Buying and Selling
Hedge Funds Weigh In On Solid Power
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ovata Capital Management Ltd bought a new position in Solid Power during the 1st quarter valued at $33,000. CWM LLC bought a new position in Solid Power during the 2nd quarter valued at $28,000. Spire Wealth Management bought a new position in Solid Power during the 2nd quarter valued at $31,000. US Bancorp DE bought a new position in Solid Power during the 3rd quarter valued at $32,000. Finally, UBS Group AG boosted its stake in shares of Solid Power by 171.2% during the 3rd quarter. UBS Group AG now owns 6,781 shares of the company’s stock worth $36,000 after acquiring an additional 4,281 shares in the last quarter. 21.55% of the stock is owned by institutional investors.
Solid Power Company Profile
Solid Power, Inc focuses on the development and commercialization of all-solid-state battery cells and solid electrolyte materials for the battery-powered electric vehicle market in the United States. The company was founded in 2011 and is headquartered in Louisville, Colorado.
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