Solid Power (SLDP) to Release Quarterly Earnings on Thursday

Solid Power (NASDAQ:SLDP) is anticipated to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Solid Power to post earnings of ($0.13) per share and revenue of $3.85 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Solid Power Stock Down 5.5 %

Shares of SLDP opened at $1.20 on Wednesday. Solid Power has a 12 month low of $1.00 and a 12 month high of $2.70. The company’s fifty day moving average is $1.56 and its 200-day moving average is $1.36. The firm has a market cap of $216.47 million, a price-to-earnings ratio of -2.45 and a beta of 1.40.

Analyst Ratings Changes

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

Insider Buying and Selling at Solid Power

In other Solid Power news, CTO Joshua Buettner-Garrett sold 187,500 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $1.07, for a total transaction of $200,625.00. Following the completion of the transaction, the chief technology officer now owns 869,720 shares of the company’s stock, valued at $930,600.40. The trade was a 17.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.20% of the company’s 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.