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

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $1.07, for a total value of $200,625.00. Following the sale, the chief technology officer now directly owns 869,720 shares in the company, valued at $930,600.40. This trade represents a 17.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, November 12th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.07, for a total value of $200,625.00.
• 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 value of $236,250.00.

Solid Power Price Performance

SLDP opened at $1.09 on Wednesday. The firm has a market cap of $196.62 million, a P/E ratio of -2.22 and a beta of 1.70. The business’s fifty day simple moving average is $1.16 and its 200 day simple moving average is $1.43. Solid Power, Inc. has a 52 week low of $1.00 and a 52 week high of $2.35.

Analyst Upgrades and Downgrades

Several research firms recently commented on SLDP. Wolfe Research started coverage on shares of Solid Power in a research report on Thursday, September 5th. They issued an “underperform” rating and a $1.00 price objective on the stock. Needham & Company LLC reduced their price target on shares of Solid Power from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Monday, November 11th.

Institutional Investors Weigh In On Solid Power

Several hedge funds have recently modified their holdings of the company. SG Americas Securities LLC boosted its holdings in shares of Solid Power by 79.6% during the second quarter. SG Americas Securities LLC now owns 27,819 shares of the company’s stock worth $46,000 after purchasing an additional 12,328 shares during the last quarter. State Street Corp lifted its position in Solid Power by 0.7% during the third quarter. State Street Corp now owns 2,962,235 shares of the company’s stock worth $3,999,000 after buying an additional 19,209 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Solid Power by 71.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,044 shares of the company’s stock worth $101,000 after buying an additional 25,520 shares during the last quarter. American Century Companies Inc. purchased a new stake in Solid Power in the 2nd quarter valued at about $60,000. Finally, Silver Lake Advisory LLC acquired a new position in shares of Solid Power during the 2nd quarter valued at about $69,000. 33.66% of the stock is 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.