Solid Power (SLDP) to Release Earnings on Tuesday

Solid Power (NASDAQ:SLDP) is set to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Solid Power to post earnings of ($0.11) per share for the quarter. Solid Power has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Solid Power (NASDAQ:SLDP) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Solid Power had a negative return on equity of 12.55% and a negative net margin of 376.47%. The business had revenue of $2.35 million for the quarter, compared to analysts’ expectations of $4.14 million. On average, analysts expect Solid Power to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Solid Power Stock Down 0.5 %

Shares of NASDAQ SLDP opened at $1.82 on Friday. The stock’s 50 day moving average price is $1.66 and its two-hundred day moving average price is $1.53. Solid Power has a 52-week low of $1.10 and a 52-week high of $3.20. The stock has a market capitalization of $329.58 million, a P/E ratio of -4.92 and a beta of 1.79.

Insider Activity

In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $1.86, for a total transaction of $348,750.00. Following the completion of the transaction, the chief technology officer now directly owns 692,993 shares of the company’s stock, valued at $1,288,966.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 562,500 shares of company stock valued at $900,000. 7.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SLDP has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and set a $3.00 price objective on shares of Solid Power in a research note on Wednesday, February 28th. DA Davidson restated a “neutral” rating and set a $3.00 price objective on shares of Solid Power in a research note on Tuesday, March 5th. Finally, Chardan Capital restated a “buy” rating and set a $5.00 price objective on shares of Solid Power in a research note on Wednesday, February 28th.

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.