Joshua Buettner-Garrett Sells 187,500 Shares of Solid Power, Inc. (NASDAQ:SLDP) Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $1.07, for a total value 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 approximately $930,600.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Joshua Buettner-Garrett also recently made the following trade(s):

• On Monday, October 7th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.26, for a total transaction of $236,250.00.
• On Tuesday, September 10th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.21, for a total transaction of $226,875.00.
• On Monday, August 19th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.42, for a total transaction of $266,250.00.

Solid Power Stock Performance

NASDAQ SLDP opened at $1.13 on Thursday. The company has a market cap of $202.22 million, a PE ratio of -2.31 and a beta of 1.74. Solid Power, Inc. has a 52-week low of $1.06 and a 52-week high of $2.35. The firm’s 50 day moving average price is $1.26 and its 200-day moving average price is $1.55.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SLDP. Wolfe Research initiated coverage on shares of Solid Power in a research note on Thursday, September 5th. They issued an “underperform” rating and a $1.00 target price on the stock. Needham & Company LLC dropped their price target on Solid Power from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Monday.

Institutional Investors Weigh In On Solid Power

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC grew its position in Solid Power by 79.6% during the second quarter. SG Americas Securities LLC now owns 27,819 shares of the company’s stock valued at $46,000 after buying an additional 12,328 shares during the period. Paloma Partners Management Co acquired a new stake in Solid Power in the 1st quarter valued at about $48,000. Vanguard Personalized Indexing Management LLC raised its position in shares of Solid Power by 71.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,044 shares of the company’s stock worth $101,000 after acquiring an additional 25,520 shares in the last quarter. American Century Companies Inc. purchased a new position in Solid Power during the 2nd quarter worth $60,000. Finally, Silver Lake Advisory LLC purchased a new stake in shares of Solid Power in the second quarter valued at about $69,000. 33.66% of the stock is currently owned by institutional investors and hedge funds.

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.