Solid Power (SLDP) to Release Earnings on Tuesday

Solid Power (NASDAQ:SLDP) is anticipated to release its earnings data before the market opens on Tuesday, February 25th. Analysts expect Solid Power to post earnings of ($0.13) per share and revenue of $3.85 million for the quarter.

Solid Power Stock Performance

NASDAQ SLDP opened at $1.39 on Tuesday. The stock has a fifty day moving average of $1.53 and a 200-day moving average of $1.36. The stock has a market capitalization of $250.74 million, a P/E ratio of -2.84 and a beta of 1.40. Solid Power has a 52 week low of $1.00 and a 52 week high of $2.70.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Solid Power news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $2.09, for a total value of $391,875.00. Following the sale, the chief technology officer now owns 865,304 shares in the company, valued at $1,808,485.36. This represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.20% of the stock is currently owned by corporate insiders.

About Solid Power

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.