Solid Power (SLDP) Scheduled to Post Quarterly Earnings on Thursday

Solid Power (NASDAQ:SLDP) is scheduled to announce its earnings results after the market closes on Thursday, November 7th. Investors that wish to register for the company’s conference call can do so using this link.

Solid Power (NASDAQ:SLDP) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm had revenue of $5.08 million for the quarter, compared to analyst estimates of $13.11 million. Solid Power had a negative return on equity of 15.87% and a negative net margin of 393.42%. During the same period in the previous year, the business posted ($0.07) EPS.

Solid Power Stock Performance

NASDAQ SLDP opened at $1.17 on Tuesday. The stock’s 50 day simple moving average is $1.30 and its 200 day simple moving average is $1.57. Solid Power has a one year low of $1.10 and a one year high of $2.35.

Insiders Place Their Bets

In other news, Director Lesa B. Roe sold 27,900 shares of Solid Power stock in a transaction on Friday, August 9th. The stock was sold at an average price of $1.35, for a total value of $37,665.00. Following the completion of the sale, the director now directly owns 149,241 shares of the company’s stock, valued at approximately $201,475.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Lesa B. Roe sold 27,900 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $1.35, for a total transaction of $37,665.00. Following the transaction, the director now owns 149,241 shares of the company’s stock, valued at $201,475.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Joshua Buettner-Garrett sold 187,500 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $1.42, for a total value of $266,250.00. Following the completion of the transaction, the chief technology officer now owns 683,057 shares in the company, valued at approximately $969,940.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 649,597 shares of company stock valued at $852,876. 7.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SLDP shares. Needham & Company LLC restated a “buy” rating and issued a $3.00 target price on shares of Solid Power in a research note on Wednesday, August 7th. Wolfe Research initiated coverage on shares of Solid Power in a report on Thursday, September 5th. They set an “underperform” rating and a $1.00 price objective on the stock.

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.