Solid Power (SLDP) to Release Earnings on Tuesday

Solid Power (NASDAQ:SLDP) is expected 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 Trading Up 1.5 %

Solid Power stock opened at $1.39 on Tuesday. Solid Power has a 12 month low of $1.00 and a 12 month high of $2.70. The stock’s 50 day moving average is $1.53 and its 200-day moving average is $1.36. The company has a market capitalization of $250.74 million, a price-to-earnings ratio of -2.84 and a beta of 1.40.

Insider Buying and Selling

In other news, CTO Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock in a transaction 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 transaction, the chief technology officer now owns 865,304 shares in the company, valued at approximately $1,808,485.36. This trade represents a 17.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.