Vanguard Personalized Indexing Management LLC Takes Position in Solid Power, Inc. (NASDAQ:SLDP)

Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Solid Power, Inc. (NASDAQ:SLDPFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,694 shares of the company’s stock, valued at approximately $37,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brave Asset Management Inc. increased its position in Solid Power by 90.9% during the fourth quarter. Brave Asset Management Inc. now owns 21,000 shares of the company’s stock valued at $30,000 after acquiring an additional 10,000 shares during the last quarter. Spire Wealth Management increased its position in Solid Power by 141.2% during the third quarter. Spire Wealth Management now owns 20,500 shares of the company’s stock valued at $41,000 after acquiring an additional 12,000 shares during the last quarter. C M Bidwell & Associates Ltd. increased its position in Solid Power by 70.8% during the third quarter. C M Bidwell & Associates Ltd. now owns 24,753 shares of the company’s stock valued at $50,000 after acquiring an additional 10,262 shares during the last quarter. Western Wealth Management LLC increased its position in Solid Power by 158.5% during the third quarter. Western Wealth Management LLC now owns 33,838 shares of the company’s stock valued at $68,000 after acquiring an additional 20,750 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in Solid Power during the third quarter valued at $72,000. 33.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on SLDP shares. Needham & Company LLC reiterated a “buy” rating and set a $3.00 price objective on shares of Solid Power in a research report on Wednesday, May 8th. Chardan Capital reiterated a “buy” rating and set a $5.00 price objective on shares of Solid Power in a research report on Wednesday, May 8th. Finally, DA Davidson restated a “neutral” rating and issued a $3.00 price target on shares of Solid Power in a research report on Tuesday, March 5th.

Read Our Latest Research Report on Solid Power

Solid Power Stock Up 2.3 %

Shares of SLDP opened at $1.81 on Friday. The business has a 50-day simple moving average of $1.76 and a two-hundred day simple moving average of $1.57. The stock has a market cap of $320.46 million, a price-to-earnings ratio of -4.76 and a beta of 1.79. Solid Power, Inc. has a 52 week low of $1.10 and a 52 week high of $3.20.

Solid Power (NASDAQ:SLDPGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The company had revenue of $5.95 million during the quarter, compared to analysts’ expectations of $4.81 million. Solid Power had a negative return on equity of 13.32% and a negative net margin of 345.37%. On average, equities analysts anticipate that Solid Power, Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Transactions at Solid Power

In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $1.86, for a total value of $348,750.00. Following the completion of the transaction, the chief technology officer now owns 692,993 shares of the company’s stock, valued at $1,288,966.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 562,500 shares of company stock valued at $918,750 over the last 90 days. Company insiders own 7.20% of the company’s stock.

Solid Power Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Solid Power (NASDAQ:SLDP)

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