Barclays PLC Boosts Holdings in Solid Power, Inc. (NASDAQ:SLDP)

Barclays PLC boosted its stake in shares of Solid Power, Inc. (NASDAQ:SLDP) by 268.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 200,619 shares of the company’s stock after purchasing an additional 146,157 shares during the quarter. Barclays PLC’s holdings in Solid Power were worth $271,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in Solid Power by 2.7% during the third quarter. Geode Capital Management LLC now owns 3,407,015 shares of the company’s stock worth $4,600,000 after acquiring an additional 88,754 shares during the period. State Street Corp boosted its position in Solid Power by 0.7% in the 3rd quarter. State Street Corp now owns 2,962,235 shares of the company’s stock worth $3,999,000 after purchasing an additional 19,209 shares in the last quarter. Yaupon Capital Management LP grew its stake in shares of Solid Power by 27.5% during the 3rd quarter. Yaupon Capital Management LP now owns 2,379,462 shares of the company’s stock worth $3,212,000 after purchasing an additional 513,689 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Solid Power by 10.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,464 shares of the company’s stock valued at $1,559,000 after purchasing an additional 106,380 shares in the last quarter. Finally, Aristides Capital LLC acquired a new position in shares of Solid Power in the 2nd quarter valued at $160,000. Hedge funds and other institutional investors own 33.66% of the company’s stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “buy” rating and set a $2.00 price target on shares of Solid Power in a research report on Wednesday, January 15th.

Insiders Place Their Bets

In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of the business’s stock in a transaction dated Monday, December 16th. 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 owns 869,720 shares of the company’s stock, valued at $930,600.40. The trade was a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 562,500 shares of company stock worth $793,125. Company insiders own 7.20% of the company’s stock.

Solid Power Price Performance

Shares of NASDAQ:SLDP opened at $1.66 on Tuesday. The business’s 50 day moving average price is $1.39 and its 200-day moving average price is $1.44. Solid Power, Inc. has a 1 year low of $1.00 and a 1 year high of $2.70. The firm has a market capitalization of $299.45 million, a price-to-earnings ratio of -3.39 and a beta of 1.45.

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.